Category: World & Business | Posted by soccerman 417 days ago

Metro Detroit home values stumbled to a new low in January, as the U.S. housing market got the year off to a dismal start.


Among
the 20 major cities surveyed for the S&P/Case-Shiller Home Price
Index, Detroit ranked last with an index of 66.02. The region's previous
low was 66.47 in December. Case-Shiller uses home values from January
2000 as a starting point of 100 — anything higher shows a gain, and
anything lower is a loss. Compared with other major cities, Detroit is
much lower.
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