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Metro Detroit home sales, prices hit 10-year record high in May

Metro Detroit home sales and media sale prices hit a 10-year record high in May, according to Farmington Hills-based Realcomp Ltd. II.

Realcomp: Sales up 8%, median sale prices rise 3.8%, year-over-year

Metro Detroit saw record median home sale prices in May, while the number of sales reached a 10-year high, in the latest year-over-year figures released Thursday.

Median home and condominium sales jumped 8 percent and sale prices increased 3.8 percent in Wayne, Oakland, Macomb and Livingston counties, according to Farmington Hills-based Realcomp Ltd. II. 

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Why These 5 Investors Are Interested in Detroit?

Why These 5 Investors Are Interested in Detroit

Detroit, Michigan was once a manufacturing mecca, a city where industry and production combined with a rich culture all built around the automotive industry. Recent years have shown a downward trend into citywide chapter 9 bankruptcy, and the perception of Detroit has become one of a dangerous ghost town. The reality is, it’s a city waiting to make a comeback; a city of rich history and great potential, and it’s something many people are beginning to recognize.
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invest in Detroit that Hopes To Drive Tech Startups Away From Silicon Valley

TechTown Detroit

Many University of Michigan business students who have an entrepreneurial streak take Professor Jerry Davis’ start-up class. Davis has lived in the Silicon Valley, he has a Ph.D. from Stanford University, and he has advice for young people: Forget the Bay Area.

“You spend a whole lot of your time on freeways. It’s expensive, it’s annoying. The weather is beautiful, but basically the Bay Area has turned into Los Angeles,” Davis says. “All the things that people hate about LA are now true of the Bay Area.”
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Detroit: A thriving place to build your business – invest in Detroit

invest in Detroit

when the founding team members of Shinola were deciding where to locate their company, Detroit was a very early and strong favorite. Shinola manufactures a variety of high quality handcrafted products, including watches, leather goods, bicycles in the $1,000 to $3,000 range and high-end pet products (a tonal leather dog leash sells for $125.00). Steve Bock, the president of Bedrock, the holding company for Shinola, explained that they were attracted to the city because its history is steeped in manufacturing. “If you look at what Detroit stands for and the future of the city, it became an ideal choice to situate our base,” he said, and invest in Detroit.
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INDEPENDENT ADVICE

Detroit Property Management has worked with investment funds and high net worth individuals in dealing with each stage of the investment process

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PORTFOLIO DEVELOPMENT

Detroit Property Management has built up a strong network of clients and professionals and is active in acquiring and disposing of properties on their behalf

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PROPERTY MANAGEMENT

Detroit Property Management has experience in developing property in the USA: Assessment of development proposals, Negotiation of contracts

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