Detroit a buyer's market?

All’s not down, apparently, in Detroit, which became the largest city in U.S. history to file for bankruptcy when it became insolvent on billions of dollars of debt last week.

CNBC reports that real estate investment in the beleaguered former U.S. car-manufacturing mecca has seen an upswing in recent years, especially in the city’s downtown area and a select few suburbs.

“All of us locals — we’re all buying now,” Detroit-area investor Daniel Stern, partner at Lormax Stern Development, told CNBC. “We have been buying.”

Source: CNBC