A Detroit woman bought 8 fixer-upper properties in the 'most unlikely real-estate boomtown'
Yahoo Finance·2025-12-19 18:29

While her business has been a success so far thanks to this hard work, Detroit's real estate boom helped fuel this success. The median price plummeted to 58,900in2009andthecityfiledforbankruptcyin2013.Now,withpricessoaringto58,900 in 2009 and the city filed for bankruptcy in 2013. Now, with prices soaring to 250,000, according to Realtor.com, investors like Hunter find it much easier to profit in this rapidly appreciating market.Barely a decade after it declared bankruptcy, The Wall Street Journal stated Detroit is emerging as “America’s most unlikely real-estate boomtown.” ...