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Greetings!
Welcome to the November issue of my monthly e-newsletter, Urban Living Update. I hope you find the Urban Living Update to be an informative resource.
With the holiday season approaching, exciting events in Detroit abound. Be sure to mark your calendar for the following happenings:
As a valued client, I welcome any feedback or suggestions you might have to improve future editions of the Urban Living Update. Tell me what information you would find helpful about the Detroit real estate market, and other area happenings, and I will do my best to incorporate it into future editions. |
| Guide to Urban Living |
| New City Home: Smart Solutions for Metro Living
by Leslie Plummer Clagett |
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Cities are increasingly reclaiming their place as meccas for culture and business -- and for settling down. But there are unique challenges to the urban lifestyle. The New City Home offers creative ways to meet these challenges. The book profiles 25 houses from the major metro areas of North America, focusing on innovative design, making the most of limited space, bringing in light and views, reducing noise, and maintaining privacy. It offers dozens of creative solutions, complete with how-to instructions, for a range of building types, including lofts, apartments, and townhouses. With over 200 color photos and dozens of illustrations, this illustrated guide truly helps the reader to make the most of any urban living space.
Available for purchase at the Downtown Detroit Borders Bookstore inside the Compuware Building. |
| Setember residential sales up in Detroit |
Detroit Outperforms Region in Home Sales
by Daniel Duggan / Crain's Detroit Business |
Residential sales in the city of Detroit were up 10.2 percent for September compared with September 2006 figures from Farmington Hills-based Realcomp II Ltd.
The city also posted good numbers for the third quarter of 2007, showing an increase of 8.4 percent over the same period of 2006. Over the course of 2007, the city posted an increase for six of the nine months compared with 2006 numbers.
Search homes for sale in Metro Detroit by visiting the property search section on my website. Click here to view my other listings.
Let me assist you in discovering your next home. My knowledge and resources for locating homes in Detroit is second-to-none. I look forward to working with you in negotiating the best deal on a new home.
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| Just Listed: 200 River Place #38 - $449,900 |
Private rooftop deck, views of the Detroit River, top of the line appliances
Listed by: Austin Black II - Max Broock Realtors |
Come home to this phenomenal custom River Place loft with spectacular views of the Detroit River. Loft features granite countertops, glass tile backsplash, Fisher & Paykel stainless steel appliances, custom built-ins, hardwood and slate floors, and a fireplace. Custom bathrooms features jetted tub and walk-in shower. Loft also has a private rooftop deck. Association fee includes heat, water and gas. NEZ tax abatement until 2015.
For more information, contact Austin at 313.550.2307 or austin@austinb2.com.
Search homes for sale in Metro Detroit by visiting the property search section on my website. |
| Just Listed: 66 Winder - $299,900 |
Your new backyard: Comerica Park, Fox Theater and Ford Field
Listed by: Austin Black II - Max Broock Realtors |
 Live in this brand new loft within walking distance of the downtown entertainment district. 2 bedroom, 2 bath condo features hardwood floors, 10' ceilings, granite countertops, stainless steel appliances, washer/dryer, walk-in closet, balcony, grand foyer entrance and great views of the downtown skyline.
Home also includes two assigned indoor parking spaces. Building features workout facility and community terrace.
For more information, contact Austin at 313.550.2307 or austin@austinb2.com.
Search homes for sale in Metro Detroit by visiting the property search section on my website. |
| Just Listed: 200 River Place #3 - $395,000 |
Walking distance from the Detroit RiverWalk
Listed by: Austin Black II - Max Broock Realtors |
 This luxury loft just steps away from the Detroit River Walk features: hardwood and slate floors, stainless steel appliances, granite countertops, gas fireplace, tons of storage, indoor parking on the first floor, 15' beamed ceilings and brick walls. Enjoy the serenity of the Detroit River and be minutes from the bustling downtown entertainment district. Loft has NEZ tax abatement until 2015.
Search homes for sale in Metro Detroit by visiting the property search section on my website. |
| Greater Downtown Residents Will Benefit from Foodland |
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Grocer to Open Store Near Downtown Detroit by Sheena Harris / Crain's Detroit Business |
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Downtown Foodland, an independent grocer, plans to open a 14,000-square-foot store inside The Shops at Lafayette Park retail center in Detroit.
The new grocery store is expected to open by March. The space is being leased through Southfield-based First Commercial Realty & Development Co. Inc., which bought the center near downtown in November 2004.
"It was a long time in coming, but we have realized our goal of signing a grocery tenant to anchor the shopping center and, more importantly, to serve the shopping needs of the local community," First Commercial President William Watch said in a statement issued Friday.
Other tenants in the shopping center include Sala Thai restaurant, Paris Cafe, State Farm Insurance, Intus nightclub and Labor Ready, an employment service. |
| Graduate Purchase Assistance Program |
| Move to a "City of Promise" and save money!
Source: Michigan State Housing Development Authority (MSHDA) |
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The Michigan State Housing Development Authority (MSHDA) is pleased to announce an exciting new loan program for college graduates. If you have earned an associate's, bachelor's, master's, or doctoral degree within three years of loan application, you may be eligible to purchase a home at greatly reduced rates!
Program Highlights
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Approximately 2% below market interest rate
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Available with MSHDA's Conventional loan products (95%, 97%, 100% and 103% LTV)
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Purchase price up to $216,750
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Income limit up to $72,250
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Zero interest Down Payment Assistance - up to $7,500 available to eligible borrowers (Lower income limits apply - approximately 80% of area median income)
Eligible Properties
Properties located within the city limits of one of the following eight (8) "Cities of Promise:"
Benton Harbor, Detroit, Flint, Hamtramck, Highland Park, Muskegon Heights, Pontiac, Saginaw
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