Purchasing realestate now in Detroit is a gamble. The auto sector also remained a focus for investors. But it [...] And continuing jobless claims are still climbing to record levels, signaling that the unemployment rate is likely to continue rising. operations into bankruptcy protection after continued production cutbacks by its auto maker customers eroded the company’s financial stability. So there you have it, Detroit has lots to carry. Sure, these may sound obvious, but in today’s market, home sellers and the banks issuing loans are looking closely at potential investors.
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