Selección de noticias relevantes sobre el sector inmobiliario de Detroit - Marzo 2020

Es un placer enviarles información de noticias publicadas en diferentes medios de comunicación sobre temas relacionados con inversiones inmobiliarias. Esperamos que sea de su interés. Estamos a su disposición para analizar cómo estas novedades pueden generar oportunidades para su próxima inversión.

Metro Detroit home sales soar to new high in 2019 as market recovers from recession

Fueled by a strong economy and low unemployment rates, metro Detroit home sales prices jumped nearly 6 percent in 2019 to a median of $190,000, capping off a decade of recovery from the Great Recession.

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Is Detroit a Real Estate Investors Dream in 2020?

We’ve all heard the crazy stories of infrastructure problems and tumbledown homes, but that doesn’t tell the story of Detroit’s investment potential today. Along with Grand Rapids, Detroit is leading Michigan in population growth.  Here are some of the best reasons to invest in the Detroit real estate market right now: Outrageous Rent-to-Value Ratios, Low Barriers to Entry, Massive Appreciation Potential, Positive Growth Trending.

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Ford to invest $1.45 billion, add 3,000 jobs at two SE Michigan facilities

Ford says will invest $750 million over the next three years at its Michigan Assembly plant in Wayne to install new equipment and hire 2,700 new employees for production of the latest lines of Broncos and Rangers. At the company’s Dearborn manufacturing site, Ford will invest $700 million and add 300 jobs to produce battery cells and “electrified variants” of its F-150.

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Quicken Loans on track to set new mortgage record this year

Quicken Loans, the Dan Gilbert–owned mortgage company based in Detroit, is on pace to originate more than $140 billion in mortgages in 2019, the Detroit Free Press reports. Its previous record was $96 billion in 2016. Detroit has seen a steady increase of mortgages issued every year since 2012. But the majority of Quicken Loans’s business in the last year has come through refinancing loans. The 30-year fixed interest rate is currently at 3.68 percent, the lowest rate since around September 2016.

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Boston Consulting to move office to Ilitch-owned building under construction

Boston Consulting Group, a global management consulting firm, will move its local offices from Troy to an under-construction office and sports medicine facility at 2715 Woodward Avenue. The firm will occupy 30,000 square feet of space at the $70 million facility that’s being built by the Ilitch-owned Olympia Development. “Moving into Detroit connects us with our clients on a whole new level,” Michelle Andersen, managing director and senior partner of BCG’s Detroit office, said in a release.

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Olympia announces $25M renovation of Women’s City Club building downtown

Olympia Development of Michigan, owned by the Ilitch family, has announced that it will redevelop the historic Women’s City Club Building for $25 million. Spaces, a global coworking company and subsidiary of Switzerland-based IWG plc, will lease approximately 47,000 square feet of the six-story building. It has offices in over 250 cities worldwide. The building will also have 10,000 square feet of ground floor retail.

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Pace of metro Detroit home sales slows in October

A Crain’s Detroit Business analysis of MLS data from Realcomp Ltd. II showed that home sales decreased across the region year-over-year in October from 5,344 to 5,244, or about 2 percent. Perhaps more worrisome for sellers is that homes stayed on the market 13 percent longer than last year, going from an average of 29 to 34 days. Home prices, however, continued their yearly increase, up 8 percent from $180,000 to $194,550.    

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Detroit’s reputation is rising, but recovery still has a long way to go

Detroit Future City, the nonprofit consulting office, has surveyed city and suburban residents and national business leaders on their attitudes toward Detroit, who reported rising rates of confidence in the city. The 83% of national business leaders rated Detroit a good or excellent place to invest and do business. The view of business leaders toward Detroit has been rising steadily since the first survey in 2016.  Analyzing the data obtained by residents, it has been concluded that Detroit’s growth is increasing. Citizens see Detroit as a much stronger city, where the crisis exit process has been left behind and the improvements begin to arrive. But despite the good results obtained in recent years, and the growing confidence that Detroit has earned, the work is not yet finalized. There is still a need to expand this improvement to the entire city so that each resident can feel part of this new era.

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GM to Create 2,225 jobs in Detroit ($3B Investment)

General Motors, the largest automaker in the US, is set to invest $3 billion in their Detroit-Hamtramck assembly plant. The news comes just months after fellow automotive giant Fiat-Chrysler announced it would be investing over $1 billion in a new Detroit assembly plant on the city’s east side. the company announced that the plant would be closing. Under the new agreement reached with the UAW the plant would not only be saved, but 2,225 new jobs would be added. This is major news for the city, as two of its largest companies are set to invest billions of dollars within the city limits.

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Home sales, prices in metro Detroit inch up in July

Median prices increased 2.8 percent to $225,406 in July from last year. City of Detroit saw 38.7 percent jump in year-over-year median sale prices. Number of homes on market in July rose 0.9 percent.

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