Home values rising in Detroit, especially for Black homeowners, study shows

By COREY WILLIAMS Associated Press

DETROIT (AP) — Home values in Detroit — especially for Black residents — have increased by billions of dollars in the years following the city’s exit from the largest municipal bankruptcy in U.S. history, according to a study released Tuesday.

The University of Michigan Poverty Solutions report says added home value for Black residents increased 80% between 2014 and 2022.

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