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The city of Detroit, in the U.S. state of Michigan, has gone through a major economic and demographic decline in recent decades. The population of the city has fallen from a high of 1,850,000 in 1950 to 680,000 in 2015, kicking it off the top 20 of US cities by population for the first time since 1850. However, the city's combined statistical area has a population of 5,318,744 people, which currently ranks 12th in the United States. Local crime rates are among the highest in the United States, and vast areas of the city are in a state of severe urban decay. In 2013, Detroit filed the largest municipal bankruptcy case in U.S. history, which it successfully exited on December 10, 2014. Poverty, crime, shootings, drugs and urban blight in Detroit are ongoing problems. As of 2017 median household income is rising, criminal activity is decreasing by 5% annually as of 2017, and the city's blight removal project is making progress in ridding the city of all abandoned homes that cannot be rehabilitated. Detroit has been described by some as a ghost town. Parts of the city are so abandoned they have been described as looking like farmland, urban prairie, and even complete wilderness. A significant percentage of housing parcels in the city are vacant, with abandoned lots making up more than half of total residential lots in large portions of the city. With at least 70,000 abandoned buildings, 31,000 empty houses, and 90,000 vacant lots, Detroit has become notorious for its urban blight. In 2010, Mayor Bing put forth a plan to bulldoze one fourth of the city. The plan was to concentrate Detroit's remaining population into certain areas to improve the delivery of essential city services, which the city has had significant difficulty providing. In February 2013 the Detroit Free Press reported the Mayor's plan to accelerate the program. The project has hopes "for federal funding to replicate it [the bulldozing plan] across the city to tackle Detroit’s problems with tens of thousands of abandoned and blighted homes and buildings." Bing said the project aims "to right-size the city’s resources to reflect its smaller population." The average price of homes sold in Detroit in 2012 was $7,500. As of January 2013, 47 houses in Detroit were listed for $500 or less, with five properties listed for $1.[46] Despite the extremely low price of Detroit properties, most of the properties have been on the market for more than a year as the boarded up, abandoned houses of the city are seldom attractive to buyers.[46] The Detroit News reported that more than half of Detroit property owners did not pay taxes in 2012, at a loss to the city of $131 million. The first comprehensive analysis of the city's tens of thousands of abandoned and dilapidated buildings took place in the spring of 2014. It found that around 50,000 of the city's 261,000 structures were abandoned, with over 9,000 structures bearing fire damage. It further recommended the demolition of 5,000 of these structures. Long a major population center, Detroit has been going through a considerable reduction in population; the city has lost over 60% of its population since 1950.[55] Detroit reached its population peak in the 1950 census at over 1.8 million people, and decreased in population with each subsequent census; as of the 2010 census, the city has just over 700,000 residents, adding up to a total loss of 61% of the population. Detroit has some of the highest crime rates in the United States, with a rate of 62.18 per 1,000 residents for property crimes, and 16.73 per 1,000 for violent crimes (compared to national figures of 32 per 1,000 for property crimes and 5 per 1,000 for violent crime in 2008). Detroit's murder rate was 53 per 100,000 in 2012, ten times that of New York City.[67] A 2012 Forbes report named Detroit as the most dangerous city in the United States for the fourth year in a row. It cited FBI survey data that found that the city's metropolitan area had a significant rate of violent crimes: murder and non-negligent manslaughter, rape, robbery, and aggravated assault. By the late 2010s, many observers pointed to an economic and cultural resurgence of Detroit, including The New York Times.[85] Detroit is serving for a model for other areas to learn how to re-energize their urban centers.[86] Evidence of Detroit's resurgence is most readily found in the Midtown Area and the Central Business District, which have attracted a number of high-profile investors. Most notably, Dan Gilbert has heavily invested in the acquisition and revitalization of a number of historic buildings in the Downtown area. A primary focus of private real estate investment has been to position Detroit's Central Business District as an attractive site for the investment of technology companies. Approaches to the private investment of Midtown, however, have prioritized re-establishing Midtown as the cultural and commercial center of the city.