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The pain of 7% mortgage rates has done little this summer to slow rising home sale prices in metro Detroit. The median sale price hit $285,000 in June for metro Detroit houses and condos, up 5.6% ...
Buying cheap real estate doesn't guarantee you'll turn a profit. ... Detroit's real estate boom helped fuel this success. The median price plummeted to $58,900 in 2009 and the city filed for ...
Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield ...
The plan was for 40,000 properties to be taken down to allow for property values to rise and have land for new homes and office space to be built in the city. Poverty and crime continue to impact the city, and the demolition program was created in hopes to improve conditions for the people living in the urban areas of Detroit.
The sale of the Silverdome, completed in 1975 at a cost of $55.7 million (approx. $225 million in 2012 dollars) and sold in 2009 for $583,000, was viewed by many as a symbol of the collapse of real estate prices in the Detroit metropolitan area though many local leaders and residents claimed the sale was brought about due to the incompetence of ...
The S&P CoreLogic Case-Shiller index, released Tuesday, shows home prices in metro Detroit rose 6.7% from a year earlier, buoyed by low inventory.
The downtown area features high-rise residential living along with a number of parks including those linked by a promenade along the International Riverfront. Downtown Detroit was named among the best big city neighborhoods in which to retire by CNN Money Magazine editors. [2] The Detroit Opera House is located at Broadway and Grand Circus.
The Rose Estate, a gorgeous 1927 home, is situated along the ninth hole of the Detroit Golf Club in the city's Palmer Woods neighborhood. Aretha Franklin’s Rose Estate blooms again after $2 ...