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Downtown Detroit sales prices rise to 'insane' levels

Greater downtown Detroit residential real estate — a near-dead market only a few years ago — is now soaring

Detroit Free-Press
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CHINESE INVESTORS COME TO DETROIT

"the Shanghai-based developer Dongdu International (DDI) made its first move. In an online auction, it snapped up three iconic downtown properties, all built during the citys early 20th-century"

theguardian.com
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Donald Trump sees Detroit as a good investment

"What Dan Gilbert did is fantastic. When he sees something like that, it's a good sign" Trump said he also sees Detroit as a potential investment opportunity.

crainsdetroit.com
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Warren Buffett calls Detroit land of 'Huge Potential'

Chairman and found of Rock Ventures and Quicken Loans Dan Gilbert, not pictured, interviews Berkshire Hathaway Chairman Warren Buffett, during an event at Detroit Homecoming

Mlive.com
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Moodys: Detroit economy better 1 year after bankruptcy

A key credit agency said on Monday that Detroit's economic and fiscal health are stronger a year after bankruptcy, City leaders and management are taking aggressive steps to revitalize the economy and sustain the current positive trends

The Detroit News
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Goldman Sach's CEO, Loyd Blankfein, Comes to Detroit

Loyd Blankfein, Warren Buffet, and NYC Mayor Michael Bloomberg come are in Detroit with their investment program the opportunity for growth in Detroit is stronger now that it has been in decades.

Detroit Free-Press
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Gilbert buys David Stott, Clark Lofts buildings from Chinese investors

Gilbert's Bedrock Real Estate Services LLC confirmed that it purchased the two buildings from the Chinese investment group DDI Group.

crainsdetroit.com
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Michigan jobless rate dips below U.S. rate

Michigan added 6,000 new jobs in February, and its unemployment rate dipped another tenth of a percentage point to 4.8%, putting it below the national jobless rate for the second time in the past year. "Michigan's current labor market situation early in 2016 remains very sound," said Jason Palmer, director of the state's Bureau of Labor Market Information and Strategic Initiatives. 'Individuals have been entering or re-entering the state's workforce at a good clip recently as payroll jobs continue to grow."

Detroit Free-Press
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Experts: 2016 will be good for home building industry

Attending the recent Great Lakes Builders Show, an annual trade show for the residential construction and remodeling industry put on by the Home Builders Association of Southeast Michigan, gave me an opportunity to get a better perspective on where the industry is headed. And it appears it is headed in the right direction for 2016. With the improving economy, Crowe expects to see a 20 percent increase in single family construction in 2016, which is barely halfway back to where we were at the peak prior to the recession, but still a positive sign. "We still have a lot of people who would like a new home or would like to move, and we also have very low mortgage rates."

The Detroit News