Detroit

Home sales in January of 09 were up 27% in Detroit (year over year)
Home sales in February of 09 were up 49% in Detroit (year over year)

Investors (experienced ones) are buying in Detroit because they know the market here is at rock bottom and is starting to be on the rise in some areas.
Does it mean the bottom is over – no of course not – but the Midwest led the country into this mess and will lead it out of it – investors – new ones – shouldn’t wait to let the experienced investors make all the profits.

Detroit, the 11th largest city in the U.S. boasts a very diverse community. We bring forward a collection of ages, religions, and ethnic backgrounds. The glue that keeps us together is our blue collar approach to life. You can see the evidence of that in the workmanlike approach of our sports teams as well as the variety of industries in our area. The common misconception is that the automotive industry IS our city. While we are proud to have that as a major part of our community, the reality is that we bring several industries to the table such as information technology, arts, and medicine.

This sense of community in Detroit is only enhanced by our recognition of the real estate challenges facing our nation, homeowners and tenants alike. We know we must work harder and smarter to do our part each day. It is not lost on our rental community that maintaining a strong home is as strong as ever.

Nu Wire Investor raked Detroit as top ten best places for cash flow.