From: CBS Detroit
Detroit has been ranked as the worst real estate market in the nation in a new WalletHub study.
With home values rising by an average of more than $16,000 in the first quarter of 2018 but affordability dropping as mortgage rates get higher, the personal-finance website WalletHub released its report on 2018’s Best Real-Estate Markets.
To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 22 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.
Detroit ranked 300th overall and 63rd among large cities. Here’s a look at how the city fared
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