|Photo: Crain's Detroit|
Like many Rust Belt cities, Detroit has been slowly rebuilding from decades of neglect and the catastrophic recession in 2008 that nearly destroyed the city's auto industry, the lifeblood of its economy.
On top of that, the housing market crash that kicked off the recession hit Detroit the hardest, carrying the highest number of foreclosures nationwide during that period.
In spite of these setbacks, Detroit has been seeing a new kind of renaissance as of late. The Midtown region has been slowly revitalizing with new businesses and property prices returning to pre-2007 levels. Young adults just starting their careers or families have been flocking to the Motor City as new businesses move in to be a part of the city's cultural and economic revival.
"It's almost like a duty, if you're from Michigan, to move to Detroit now because it kind of needs us more than ever," Andrew Meftah, a media and information graduate moving into a place on 7 Mile Road and Woodward Avenue, said.
Aside from growing up in the metro Detroit area, Meftah's reasoning to settle in Detroit comes from his own interests in DJing and producing. Given Detroit's long history with electronic music and hip-hop, it only made sense that Meftah would want to be a part of that returning scene.
"A lot of the community of people that I produce for and DJ, you know they all live out in Detroit, so I personally, you know, it's a lot to always drive out from Lansing to Detroit," Meftah said. "I'd just like to be in the middle of all the action."
Younger residents have also been drawn to the city not just for its arts scene but also for more practical purposes such as new job opportunities or to continue their education at one of the nearby universities, Keller Williams realtor Hulya Erol-Garvett said.
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