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Free Press Real Estate Section: Rise In Detroit Home Prices Treated With Cheers Yesterday, Skepticism Today

Never mind what the Free Press Real Estate Section said yesterday about Detroit sailing through a second summer month of sizzling real estate sales. Today they called some naysaying experts to quash the positivity.

"I think it's bottomed out and definitely stabilized, but I think it will ride along the bottom for a while before we see any growth in housing values," said Brian Powers, a Realtor with Keller Williams in Chesterfield Township.

· Metro Detroit home sales up 19.4% in August [Freep]
· Home sales experts: Summer sizzle for home sales may not be as hot as it looks [Freep]