Detroit area housing market among nation’s hottest

"For the second month in row, the National Association of Realtors is citing @@Metro Detroit and Ann Arbor as two of the 10 hottest real estate markets in the country@@. In May, Metro Detroit ranked 10th while Ann Arbor was ninth, and in June both moved up a notch.

Real estate brokers say sales have been heating up since last year, as the economy and consumer confidence improved, and home prices steadily increased as foreclosures dwindled. Would-be homebuyers who have been sitting out the aftermath of the great recession, and its wobbly recovery, have finally decided it’s safe to buy, and home values are up to the point that homeowners can sell for more than they owe."

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