The Ticker
Detroit bargain homes attract investors worldwide
1/16/13 1:15pm
Peter Grosso is part of a Detroit land rush that’s drawn investors from around the world seeking distressed homes for as little as $500. Local buyers scooped up hundreds of houses at Wayne County’s tax auctions, which last year put a record 21,350 tax-delinquent properties up for sale, 89% of them in Detroit, and sold 12,333, Bloomberg reported.
