What is one of the problems that currently effects property values in Detroit?
Due to industrial restructuring and loss of jobs in the auto industry, Detroit lost considerable population from the late 20th century to present. Between 2000 and 2010 the city's population fell by 25 percent, changing its ranking from the nation's 10th-largest city to 18th. In 2010, the city had a population of 713,777, more than a 60 percent drop from a peak population of over 1.8 million at the 1950 census. This resulted from suburbanization, industrial restructuring, and the decline of Detroit's auto industry. Following the shift of population and jobs to its suburbs or other states or nations, the city has focused on becoming the metropolitan region's employment and economic center. Downtown Detroit has held an increased role as an entertainment destination in the 21st century, with the restoration of several historic theatres, several new sports stadiums, and a riverfront revitalization project. More recently, the population of Downtown Detroit, Midtown Detroit, and a handful of other neighborhoods has increased. Many other neighborhoods remain distressed, with extensive abandonment of properties.