Michigan

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Michigan

Metro: Warren-Troy-Farmington Hills
What a Home Will Be Worth in 2012: $157,469
Q4 2008 price: $149,000
Projected price change by MSA: +5.7%
Projected price change by state: +2.0%

The metro area includes some relatively affluent suburbs of Detroit, including Farmington Hills. Troy is a retail and business hub. And Warren is home to the General Motors Technical Center. The local real estate market has been brutalized by the woes of the auto industry. Home prices fell so far, so fast that they are expected to hit bottom in 2010 and then begin rising again.