Mortgage Lenders are NOT Lending in Detroit - Huge Impact on Housing I Seattle Real Estate Podcast

Detroit Michigan is making a comeback after years of decline but large swaths of the city are left behind, starved of the housing credit needed to revive them. No purchase mortgages were made last year in almost a third of Detroit’s census tracts, and fewer than five each in another third, according to data from LendingPatterns.com, a mortgage-data analysis tool.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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