Improving metro detroit home values may mean that housing crisis has bottomed out

After three years of declines, some metro Detroit communities are beginning to see small but noticeable improvement in property values -- good news for homeowners and for local governments that depend on property tax revenue.

Though not yet widespread, the gains may signal that the region's housing market crisis has bottomed out.

"The signs are getting better," said Oakland County's Equalization Director Dave Hieber. "If the job market continues to improve, hopefully next year we'll have more communities with increases." 

Source: Freep.com