www.crainsdetroit.com/article/20080707/SUB/807070302/10 -
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Published on: 7/7/2008
Last Visited: 7/7/2008
Resolving the unsold inventory in the region will take some time, said Kelly Sweeney, broker-owner of Birmingham-based Weir Manuel Realtors.
,The amount of inventory we have out there is better than it was a year ago,, he said. ,But it's still going to take a couple years to get through what's out there.,
If there's any good news, it's that Detroit has always been a leading market for downturns, but also upturns, Silverman said.
,From a Michigan perspective, the view is that it's worse here than in other parts of the country, but that's not true,, he said. ,The oversupply is more robust in other top 10 markets, so they have more excess inventory to flush out.,