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HomeVestors ranks Detroit among riskiest investment markets

DETROIT (WKZO) -- A Texas home buying company is ranking Detroit among the ten riskiest markets in the country.

According to HomeVestors, the Motor City is ranked along with Gary, Indiana; Los Angeles, California; Buffalo, New York; and Toledo and Cleveland, Ohio.  HomeVestors co-president David Hicks calls Detroit, Birmingham, Alabama and New Haven, Connecticut the worst three with shrinking populations and continued job losses.

Since 1996, the company with the slogan "We Buy Ugly Houses," has purchased 55-thousand properties nationwide.