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Detroit may have fallen on the hardest of times throughout the deindustrialization of the 80s, and these issues dogged the city throughout the 90s and 2000s, but “renaissance” is the best word to use to describe Michigan’s most populous city. Through extensive investment and concentrated efforts from the Motor City’s own residents the city has not only successfully exited bankruptcy, but is well on the path toward recovery. Today, a revitalized downtown, along with renewal efforts throughout many key neighborhoods, have led to an influx of migration to Detroit which is aided significantly by a very low cost of living compared to other major cities. For the first time in years, the population loss in Detroit is slowing, and is actually rising in sections. Businesses and companies have taken note as investors and owners continue to set up shop in Detroit in order to take advantage of the low taxes, and the large flux of young professionals moving to the city. As the second largest economic region in the Midwest, Detroit continues to expand opportunities within the city, and for its 4.3 million metro residents. With a local housing market that’s finally stabilized and predicted to climb, now is an ideal time to make the move toward buying a house in Detroit or to invest in a rent to own property.NeighborhoodsThe neighborhoods in Detroit are highly diverse, and brimming with history. Downtown Detroit has recently successfully undergone major revitalization which has attracted a large selection of shops and stores for that offer a full-bodied retail experience not to mention enough nightclubs and pubs to appeal to any urban explorer. Lafayette Park, and other East Side neighborhoods have also undergone revitalization and offer stunning historical houses for savvy buyers. Meanwhile, the Ludwig Mies Van Der Rohe residential district is home to a landscaped 19 acre park and beautiful low rise residential buildings. Arts and EntertainmentDetroit is a major entertainment city with a rich history in music and the arts. The birthplace of the legendary record label Motown, the roots of creativity run deep throughout the city. Detroit is also a performing arts center with a venue circuit that is the second largest in the Midwest after Chicago that regularly hosts Broadway performances. Of course, Detroit is also a sports fan’s dream and has teams in every major professional sport. 3 out of the 4 play within the city, with the Detroit Lions and Tigers having recently developed new, state of the art, modern stadiums.