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The Motor City was once arguably the industrial capital of America. As the center of the automotive industry, Detroit was an economic powerhouse. But as factories moved and the balance of power shifted, Detroit’s fallen on some bad years. With crime up and job opportunities low, the real estate market became one where your money would take you much further than most other big American cities. But like just about every other major city in America, 2020 was a year of real estate resurgence. Prices in Detroit have surged to new heights, and it could perhaps be the start of a return to form for the city.
