Photos: The Lonely Homes Tour
If there's any city that symbolizes the most extreme effects of the nation's economic crisis and, in particular, its housing crisis, it is Detroit. The median home sale price here has plunged from $59,700 in August 2005 to $8,000 just two months ago. Home sales in the city of Detroit fell 20% between September 2008 and September 2009.
Residents of one of Detroit's last middle-class neighborhoods, Indian Village, recruited a real estate agent to aggressively sell foreclosed properties. The result: The Lonely Homes Tour.