Few cities have experienced a sharper economic change of fortune than Detroit.
It was one of the fastest-growing cities[1] in the nation between 1900 and 1950.
In the nearly 75 years since then, it has lost over 60% of its population, becoming the defining example of a postindustrial city in decline[2].
Chronic population loss creates a significant mismatch in the housing market. An ongoing reduction in the demand for...