A recent graph produced by the New York Times shows that while home prices are bouncing back across the U.S. there are different factors driving those increased prices. For Detroit, the cost of purchasing a home is increasing by the lack of supply while in Grand Rapids price is being driven up because of demand. To see the full economics on the growth of home prices in metropolitan areas in Michigan and across the U.S. click here to see the NYT graph based off of a report by Fitch Ratings.