Detroit, one of the most dejected real estate markets in the USA shows that nothing is impossible. Picking its bones from the ashes, Detroit is showing some real hope for first time property investors and even the professional investors are nodding their heads in agreement.
Being the largest city to have come under the blanket drive of bankruptcy protection, Detroit’s real estate is filled with a new-bound promise.
From being neck deep in debt with $18-20 billion, crippling the housing sector, leaving properties in depression, abandoning properties and leaving schools to the hands of wreck two years ago, Detroit is currently seeing a forecast of increased home prices.
Realtors are ecstatic as they are receiving multiple offers for desirable home within hours of listing.
Recent real estate investors are finding deals as they come to understand that their timing of investing in real estate in Detroit couldn’t be better.
Foreclosures, still being a part and parcel in the life of real estate in Detroit will not take away the present light dawning on the current real estate market with its housing sector selling properties at affordable prices.