Detroit’s housing market has taken a huge turn since the early 1950’s. There are currently more than twice the number of properties than there are people living in Detroit. This has taken a toll on the tax revenue and the city according to CNNMoney.com. Properties are now selling at auction for pennies on the dollar. There have been around 30,000 properties auctioned in the last three years. Some have gone for as low as $500. The program that is helping make this possible is the Detroit Land Bank. They’re hope is to address the huge number of vacant homes in the city and help build the city back up.