Stately Detroit Homes Rot as Appraisals Stall Sales: Mortgages

... while the U.S. housing bust in 2007 and subsequent recession dragged two of the three largest carmakers into bankruptcy and disproportionately hit the region's real estate market. The city now has 8 people per acre, down from 21 per acre in 1950, ...

http://washpost.bloomberg.com/Story?docId=1376-MKYLI61A1I4H01-415O7VMCTOM5E0816QSR7371G2