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Talk About a Turn Around

Detroit has lead the nation is foreclosures for some time, with an economy depressed by the   auto industry downsize. As the auto industry failed, so did peoples in their desire or ability to keep their homes. But unlike Calif, Florida and Arizona, which ran values to impossible heights then watched them drop, Detroit has seen  flight as folks left looking for new jobs.

But if you ever wondered what impact the housing market has on the local economy, look no farther. Want to see a turnaround? Sell a few homes.

Detroit has a 15% gain over sales for last year and a 45.5% gain in the last month. And realtors are saying they are having one of the best months in a very long time.

And the reason for the turnaround? Tumbling prices, low interest rates and sales of foreclosed properties.

And while Detroit is seeing recovery it wont be alone for long. Other areas will follow. All of the ingredients are there...now for the turnaround.