| Foreign investers buying up foreclosures { April 22 2008 } Original Source Link: (May no longer be active) http://www.npr.org/templates/story/story.php?storyId=89831085http://www.npr.org/templates/story/story.php?storyId=89831085
Economy Investors Bet on Housing Rebound in Detroit
by David Schaper
Morning Edition, April 22, 2008 · As the U.S. real estate market falls further into decline, some cities where properties are particularly cheap are seeing a strange revival. In Detroit, where foreclosed houses are found on nearly every block, foreign and domestic investors are buying bargain homes in bulk as long-term investments.
|
|