With home prices still out of control in Metro Detroit, is the housing bubble about to burst?

Home for sale
Photo credit Getty Images

(WWJ) – The home buying process has always been stressful. For the vast majority of Americans, buying a home is the biggest singular investment they’ll make, so it’s definitely not something to be taken lightly.

And while the Metro Detroit housing market has been on fire in recent years, even if last year's frantic pace has slowed down a bit. That means home buyers are paying even more – something exacerbated by the COVID-19 pandemic. Last month the median sales price of a home passed the $300,000 mark.

That’s a good thing for someone selling their house, but maybe not so much for prospective buyers. In a new Daily J podcast, WWJ’s Zach Clark takes a look at whether those potential buyers have any relief in sight.

Featured Image Photo Credit: Getty Images