Detroit is arguably the most popular housing market in America for property investors. Realtor.com, which tracks several trends in the US housing market, just named Detroit among the top 5 hottest markets in the country. The numbers don't lie: Detroit's homes are selling 20% less than the national average, meaning price point per unit is significantly lower than comparable investment markets. More importantly homes are selling quickly, 27 days faster than the national average. Investors from around the world are flocking to the Motor City to take advantage of the high net yields/capital appreciation the city has to offer. 

Detroit was among the hardest hit markets in the country in the aftermath of the mortgage crisis. The city was flooded with foreclosures, most of them ending up in tax default. The County of Wayne then took possession of these tax foreclosures and offered them for sale through online tax auctions. With over 20,000 properties up for sale, the 2011 Wayne County Tax Auction became the largest property auction in US history. Since then the city has gone into and out of a bankruptcy, elected a new mayor, and continued to recover at a rapid pace. Downtown Detroit is now in the midst of a new age renaissance, with several multi-million dollar projects underway. US Investor Group offers tours of the city focused on property investment. Click here to find out more. 

For more details on Realtor.com's ranking, click here to view the full article.