For those willing to buy and hold, the potential for returns is higher than any other city in the United States. Since the city made it through bankruptcy proceedings, it has taken serious initiatives to invite investors back.
Detroit is a city where developers, investors and the city administration are all working well together to bring back the city’s lost glory. Having made significant improvements over the course of a year, Detroit is set to make a remarkable economic resurgence. This is great news and should certainly encourage investors to buy property in Detroit.
Detroit’s housing slump is an opportunity to implement the well-worn axiom “buy low and sell high”.