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The average 30-year fixed mortgage rate has fallen below 7% for the first time since early April, hitting 6.94% from 7.02% a week prior, according to Freddie Mac. This marks the third consecutive week of declining rates, which have hovered around 7% for over a month. A separate measure tracking daily rate movement showed fluctuations between 7% and 7.20% over the last seven days, settling at 7.17% on Thursday, according to Mortgage News Daily. Despite the spring homebuying season typically being the most active time for the housing market, this year has seen a slowdown. Elevated mortgage rates, high home prices, and low inventory continue to challenge homebuyers. Sales of previously owned homes slid in April as supply remained scarce. “It’s very hard to have incredible volume when the rates are high, and the inventory is relatively low to historic measures,” Corey Burr, founder of The Burr Group, a real estate agency in Washington D.C., told Yahoo Finance. Homebuyers Remain on Sidelines Despite pent-up demand for homes, buyers are hesitant to enter the market even after this week’s rate dip. According to the Mortgage Bankers Association (MBA), the volume of purchase mortgage applications fell by 1% this week from last. Mortgage applications are 11% lower than the same week a year ago. However, refinance activity jumped 7% weekly and 21% from a year ago. “Purchase activity continues to lag despite this recent decline in rates … as potential buyers still face limited for-sale inventory and high list prices,” said Joel Kan, MBA’s deputy chief economist. At the current average rate, a homebuyer would pay almost $1,600 monthly on a $300,000 home with a 20% down payment, according to the Yahoo Finance mortgage calculator. Existing Home Sales Slump Existing home sales retreated 1.9% month-over-month in April, according to the National Association of Realtors (NAR), during what’s normally the busiest season. The total housing inventory at the end of April was 1.21 million units, which despite increasing by 9% monthly and 16% annually, stands at just 3.5 months of supply. A six-month supply is considered a balanced market. By comparison, pre-COVID months had around 1.9 million homes for sale. “We are in a new terrain, new territory as to how the lock-in effect or impact will restrain home sales,” said Lawrence Yun, chief economist at the NAR. The average rate on a 30-year mortgage dropped to 6.74% from 6.88% last week, according to Freddie Mac. A year ago, the rate averaged 6.60%. Borrowing costs on 15-year fixed-rate mortgages also fell this week, with the average rate dropping to 6.16% from 6.22% last week. A year ago, it averaged 5.90%, Freddie Mac reported. Future Rate Expectations “Despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky inflation,” said Sam Khater, Freddie Mac’s chief economist. “In this environment, there is a good possibility that rates will stay higher for a longer period of time.” The Fed has signaled that it will likely cut its key interest rate this year, once it sees more evidence that inflation is falling sustainably back to its 2% target. The Fed’s main interest rate is at its highest level since 2001. Economists expect that mortgage rates will ease further this year, though most forecasts have the average rate on a 30-year mortgage going no lower than 6% by the end of the year. However, this is unlikely to happen until the Fed begins cutting its short-term interest rate, which Wall Street largely bets won’t happen until June, according to data from CME Group. Despite the choppy trajectory in mortgage rates this year, the average rate on a 30-year home loan is still down from the 23-year high of 7.79% reached in late October. “Rates are much lower than they were last fall when they hovered near 8%,” said Lisa Sturtevant, chief economist at Bright MLS. “Any downward trend in rates later this spring will bring more buyers and sellers into the market.” The decline in rates since their peak last fall has helped lower monthly mortgage payments, providing more financial breathing room for homebuyers facing rising prices and a shortage of homes for sale. Lower rates helped lift sales of previously occupied U.S. homes by 3.1% in January compared to the previous month, marking the strongest sales pace since August. However, the average rate on a 30-year mortgage remains well above where it was just two years ago at 4.16%. This large gap between rates now and then has limited the number of previously occupied homes on the market by discouraging homeowners who locked in rock-bottom rates from selling. If you would liek more information on our US properties please email invest@globalinvestmentsincorporated.com

At Global Investments we’ve been involved in the property market for many years. While some things change and move with the times, we still hear the same age old questions on a regular basis: “When should I buy? What is the right time to buy? When do I know that market conditions are right?” Understandably, investors around the world are often focused on purchasing properties that are competitively priced and with great potential for yielding returns. While I think that these are of course great questions, the truth is that they aren’t all that easy to answer. And that’s because real estate is rarely black and white. There aren’t times when it’s a clear buyer’s market vs times when it’s not. There are many factors at play in this type of investment decision. It  can depend on what type of property and what price point you are looking at, for instance. It also depends on your own situation as an investor. In broad terms, we can say that when the economy is bad and markets are down, things become trickier for those investors who are reliant on finance. For instance, we know that interest rates and inflation are currently high, accompanied by a cost of living crisis. Yet for investors who have cash at hand, this is a time of great opportunity. Whether it’s a $50,000USD property or a $1 million USD property, there are sellers in the market looking to free up funds – and this means that many of our investors are able to access well-priced stock in desirable parts of the USA. I think that right now is a great time to buy low-cost investment properties like the ones that we sell. But I would also argue that any time cam be the right time to buy. If you think about it, in a really bad year property prices might come down by a maximum of 10%. This is almost unheard of and would be a very rare occurrence. But let’s say this is the case: and we take for example a property for $80k USD. Let’s say you wait a year for the market to drop by that 10%. You save $8,000 on the purchase price. However if you don’t wait and jump straight in today you begin earning rental income immediately. Let’s say that rental figure is $1,100 per month on the $80k property. That generates an income of $13,200 over the course of that first year – significantly more than the $8,000 saving made by waiting 12 months for the property market to drop. And what if it doesn’t drop over the course of that 12 months? Would the cautious investor wait another year and lose another year’s income? In over 10 years of selling houses in the USA I have come across some great investors and very nice clients. Some of whom have still never purchased or taken the plunge, even though we have been speaking to us for years. Their objection is always the same: “Oh maybe the prices will drop some more or maybe there will be a better house around the corner.” Yet years later they could have purchased and earned a steady, lucrative income and also an upside on the price and gained some equity. Of course, it is important to find the right property at the right price. I’m not suggesting that any investment is a good investment. What I would argue, however, is that when it comes to low cost investment properties in any country, the best time to invest is YESTERDAY – or, at the very least, TODAY! SOME OF THE GREATEST INVESTMENT QUOTES CAN COME TO MIND.  WAIT AND BUY REAL ESTATE? OR BUY REAL ESTATE AND WAIT  TIME IN THE MARKET IS BETTER THAN TIMING THE MARKET  YOU CAN NEVER LOSE MONEY IN REAL ESTATE, ONLY SELL AT THE WRONG TIME. 

Is Christmas a good time to buy a property investment ? this is a question we are asked every year. The simple answer is yes, the Christmas season is one of the best times of the year to purchase an investment property, you are probably wondering why ? When we think of Christina we think of down time, spending time with loved ones and enjoying good company and food, looking at investment property is probably the last thing on your mind but it shouldn’t be. The Christmas season is one of the best times of the year to look at investment properties because you have a number of different factors that come into play at the this time of the year. First of all you to tend to see the prices of some properties being lowered at the end of December as Sellers try to warp up outstanding business before the commencement of a new year. If the property has been sitting for a few months Sellers are more open to bids in a time considered slow in real estate. From the Buyers point of view this means prices in general are below market value at this time of year so you could snap up a bargain if you are on the look out. Also at this time of year you find less competition in the market, with agents taking a break and the market slowing down until well into the New Year you have more breathing space. Many people feel it is the wrong time of the year to be considering a property purchase, so there are less offers on the table, that means your investment property will not be taken away from you because of a higher offer. You have more time to ponder and consider the different options available to you and can even try making a lower offer. Sellers are likely looking for a quick settlement if their house is on the market over the holidays, there is also a good chance you could secure a quick settlement on the property and get things wrapped up quickly. Another plus is you get the see how the house is performing during the peak of winter, if you are buying a house in the summertime it might take several months to see if there are any insulation issues, heating or roof leaks as normally it will be much hotter and dryer in the summertime .Getting an inspection done with heavy rain or snow is ideal to really test out the property. As we reach the end of the year many Sellers are getting ready to put their properties on the market in early spring as this time of the year tends to be busy as people have made plans for the new year. What you also find is that some Seller want to get a head start and will list their property during the holiday season, by the time the market opens back up again you could have missed your perfect investment property. The great thing about the holiday season is that most people have more time on their hands, you have the chance to do your research at a slower pace, study the market in more detail and make an offer at a more relaxed place, consider your offer and plan out your management and other things needed for a successful investment property. Another plus buying a property at the peak of the winter is getting tenants placed quickly in the new year, in January you tend to see a lot of movement in the tenant market as people take on new jobs , start back at college or simply want to move to another City or State to fulfil their new year plans. Of course, this can be a lot of work at a time of year when you just want to kick back and relax but then again it is a time of year where you could bag the perfect investment property at the perfect price. If you are ready to invest in the USA housing market, or wish for a call and more information on the latest properties Global Investments can offer then please email us today at invest@globalinvestmentsincorporated.

Una gran pregunta que ha surgido recientemente por parte de muchos de nuestros inversores es: “Cuando pago mi depósito a la Compañía de títulos y la tarifa de honorarios a Global Investments, ¿estoy 100% comprometido a cerrar la propiedad específica que he reservado?”. Le pedimos a Mike Moodie, Director ejecutivo de Global Investments INC, que ampliara esta pregunta y aclare exactamente cómo funciona el sistema. ” Absolutamente no. A pesar de que el cliente se haya comprometido a comprar y abonado su depósito en garantía y la tarifa a Global Investments Inc., estos dos pagos son solo para sacar la propiedad del mercado. Luego, pasamos al contrato y a la fase de inspección. El Inversionista debe ser consciente de que cualquier contrato siempre está sujeto a nuestro propio proceso de debida diligencia e inspección”. “Una vez se firma la reserva y el contrato, hay 10 días para realizar una inspección independiente completa. En este momento, se verifican los principales elementos de la propiedad: techo, cimentación, electricidad, plomería y también revisamos cualquier movimiento estructural. Si por alguna razón no el cliente no está satisfecho con el reporte de inspección, simplemente podemos cancelar la venta y los fondos pagados son totalmente transferibles a una propiedad alternativa de su elección. Esta situación es poco habitual dado que nuestros proveedores nos brindan excelentes propiedades. Es decir que normalmente, como sucede con cualquier casa alquilada, la inspección puede revelar elementos menores de mantenimiento. Una vez que estemos satisfechos con el estado de la casa y sus elementos principales, le pediremos al vendedor que se ocupe de reparar cualquier elemento que surja de la inspección antes del cierre. Entonces, la respuesta fácil a esta pregunta es que si el inversionista ha decidido comprometerse a reservar una propiedad específica, no está comprometido a cerrar esa propiedad hasta que la revisemos y estemos satisfechos con la inspección de la propiedad. Sí están comprometidos a comprar una propiedad en los EE. UU. si por cualquier motivo decidimos cancelar la primera reserva. En este punto, el equipo de Global Investments Inc comenzará a trabajar con el equipo de Adquisiciones y encontrará una propiedad de reemplazo que sea más adecuada para el inversionista”. Entonces, si un cliente está 100 % comprometido y ha tomado la decisión de invertir en los EE. UU., mi consejo es que elija una propiedad y comience el proceso sabiendo que Global Investments Inc hará todas las verificaciones necesarias antes del cierre. Sin embargo, si hay alguna duda o no están 100% comprometidos a invertir en los EE. UU., mi consejo sería esperar hasta que hayan respondido todas sus inquietudes y cuando lleguen al punto en que estén 100% comprometidos, entonces podemos comenzar el proceso”. Mike Moodie CEO de Global Investments Inc.

 “ If I pay my fee and Deposit am I 100% committed to the purchase “  A Big question that has come up recently from many of our investors is “ When I pay my deposit to the Title Company and my fee to Global Investments am I 100% committed to close on the specific property I have reserved ? “  We asked Mike Moodie the CEO of Global Investments INC to expand on this question and clarify exactly how this works etc.? “ Absolutely not…. Even though the client client has committed to purchasing and has paid their Ernest Money Deposit and fee to Global Investments Inc. These two payments are only to take the property off the market and then we go to contract and then the inspection phase. The Investor must be aware that any contract is always subject to our own due diligence and inspection process. “ “ Once we sign the reservation and contract we have 10 days to carry out a full independent inspection. This is where we would check the main fundamental items in the property. Roof, foundation, electric, plumbing and also we check for any structural movement. If for whatever reason we don’t like something in the inspection we can simply cancel the sale and any funds paid are fully transferable to an alternative property of their choice. ( This its very rare as our suppliers give us excellent properties. ) Saying that normally like with any tenanted house the inspection can bring up minor maintenance items. Once we are happy that the house is in good standing and all the main items are fine we would ask the seller to take care of any maintenance items that are brought up by the inspection before we close. “ So the easy answer to this question is that if the investor has decided to commit to reserving a specific property they are not committed to close on that that property until we review and are happy with the property inspection etc. Yes they are committed to buy a property in the US if for whatever reason we decide to cancel the first reservation. At this point the team at Global Investments Inc will start working with the Acquisitions team and find a replacement property that is more suitable for the investor “ So if a client is 100% committed and has made the decision that they want to invest in the US then my advice is to choose a property and start the process with the knowledge that Global Investments Inc will do all the necessary checks before we close. However if there are any doubts or they are not 100% committed to investing in the US then my advice would be wait until they have all their questions answered and at the point they are 100% committed then we can start the process. “ Mike Moodie CEO at Global Investments Inc. 

According to Savills, an average home appreciated more in 2021 than its owner will have earned. The online magazine Estate Agent today reported in February. Savills says that with annual house price growth of 10.8 per cent over the calendar year, the average value of a UK home rose to £274,712.  That’s £26,729 higher than at the end of 2020. By contrast, the 2021 Annual Survey of Hours and Earnings shows the average UK worker earned £25,971 that year. The Southwest reported the fastest house price growth last year, with annual growth of 13.6 per cent. That’s enough to bring the average house price there to £314,000, or £37,560 higher than in December 2020. That increase is 58 per cent higher than the average Southwest worker’s earnings, £23,776. Lawrence Bowles, director of research at Savills, says: “It’s unlikely we’ll ever see a repeat of the conditions leading to 2021’s price growth. The combination of mortgage lenders coming back into the market, the impact of lockdown on people’s desire or need to move, and a stamp duty holiday generated a huge swell of demand. “We saw the base rate rise to 0.5 per cent earlier this month and the financial markets expect the Bank of England to raise the base rate further this year. This points to house price growth slowing down over the course of 2022, as reflected in our forecasts of 3.5 per cent for the year. “But with limited stock on the market to buy, an imbalance of supply and demand suggests we’ll see the momentum continue for the first few months of this year.  Data from the RICS showed each surveyor had 36.6 homes available for sale in January, the lowest level since the housing market was shut down in May 2020. “High levels of house price growth have eroded affordability, particularly in high-value locations.  Savills has forecast that UK house prices will rise 13.1 per cent by the end of 2026.  The growth will be fastest where affordability is less stretched, such as in the Northwest and Yorkshire (both 18.8 per cent) and in Wales (18.2 per cent).” Global Investments UK division agree, “we have already seen high growth and a greater demand from our overseas investors who look at the UK and in particular the Northwest of England as a safe place to invest”. Want to find out more about our developments in the Northwest or any of our other buy-to-let investment opportunities? Get in touch today invest@globalinvestmentsincorporated.co.uk. *Source: Estate Agent today – Feb 2022

It’s important to understand that real estate vs stocks is not comparing apples to apples. Real estate is a tangible asset that you can visit and touch. No matter what happens with the property market, your real estate will never go away. A stock is a share of ownership in a publicly traded company. Most companies have millions of shares, so most investors own an insignificant share of the company. If the market tanks and the company fails, the stocks will no longer have any value which is one of the biggest risks in stock market investing. The stock market does offer some advantages, though. Stocks are a more liquid investment because they are easily sold. Unless you’re trying to unload an enormous amount of stocks at once, you can typically liquidate your stocks within a day or two and have the cash back in a current account. Investors can also get into the stock market with little money compared to real estate. Some apps even allow people to start investing in stocks with as little as $5. With the lower cost of entry, stock portfolios are easy to diversify across many different companies and index funds. To decide which type of investment is best for you, we’ll look at how each one provides you with a return, then look closer at the benefits of each type of investment. Sources of a return on investment are: Cash flow Capital gains Equity CASH FLOW  One of the most attractive things about real estate investing is the cash flow. Whether investing in residential rental properties, multifamily properties or commercial real estate, the idea is to earn a profit each month from the rental income. The cash flow from real estate provides consistency in income, regardless of whether the real estate market is up or down. The cash flow from real estate is used to calculate the capitalization rate, cash-on-cash return, and the internal rate of return. Some stock investments pay dividends to investors. These dividends are usually paid quarterly and are a pro rata share of the company’s profits. ( Not all stocks provide a dividend ) The dividends are normally a fixed percentage of the current stock price, not the amount you’ve invested into it. If the market is down, your dividends will be low. If the market is up, your dividends will be higher.  Mutual Funds are often heavily invested in dividend-paying stocks. Some mutual funds allow investors to have their dividend payments reinvested into the fund to increase their returns even further. CAPITAL GAINS Capital gain is the profit earned from selling an asset for more than you paid. Most of the profit earned from stocks is from capital gains. You purchase a stock that you believe will increase in value over time. That’s where the term “buy low, sell high” comes from. Capital gains can also be a significant source of income for real estate investors. If you buy a property when the market is down and sell it when it’s up, you can get a significant return. More commonly, though, people earn capital gains in real estate by increasing the value of their property. By improving the property and increasing rents, you can force the appreciation of the real estate and earn capital gains. A clear benefit that investors see in real estate over stocks is having control over how well it performs. With stocks, you’re relying on the market to improve so your stock value goes up. With real estate, you can increase a property’s value no matter how the market is performing. EQUITY  Building equity is a benefit that’s more specific to real estate. When you collect rent each month from tenants the rent collected is paying off the original investment amount and building equity in the property which normally would be also appreciating over time.  Over time you can build a significant amount of equity that the tenants paid for. Equity build is an often-overlooked benefit. Investors don’t usually consider the amount of profit they will earn when they cash out on the equity built while they owned the property but this is a huge aspect of owning property over stocks. EFFORT IN REAL ESTATE VS STOCKS  Depending on your investment strategy, the amount of effort that goes into investing in real estate vs stocks can vary greatly. Somebody managing their own rental property will have to put a lot more time and effort into their investment than somebody who simply invests in an index fund that follows the S&P 500. This is why at Global Investments we work with excellent local management companies that take away then stress and time it can take in managing your own properties. THE RIGHT INVESTMENT FOR YOU  Real estate investing has a ton of benefits, but the time, energy, and money that goes into getting started can be overwhelming. Finding the right property, negotiating terms, getting insurance then managing the property is a lot of work. This is one of the main reasons people may choose a company like ourselves to take the hard work away from investing in Real Estate. At Global Investments we hold your hand from finding the right property, getting a survey and inspection, negotiating with the seller, the hand over to your management company and also keeping in touch even after the property has closed. We have turn Key opportunities in Cleveland Ohio, Detroit, St Louis and Michigan & and also have a great portfolio of stick here in the UK. Both residential and Student Lets. Prices from $45,000 with Net Cash on Cash Returns of up top 20% Net.    For more information on our latest inventory in the US or the UK please email invest@globalinvestmentsincorporated.com   

After 20 years working in the overseas buy to let market and also investing myself both domestically and overseas some of the most important lessons I have learned in this time is the importance of great property management and also understanding the risks involved in these types of investments and how to avoid the pitfalls. Before I talk about property management I would like to talk about one of the most frequently asked questions we get asked by our investors which is “ What are the risks involved in buying a rental property in the US and what are the downsides ? “ The reason I want to talk about this is because the risks involved can be minimised with great property management. In my opinion it doesn’t really matter where you buy a house. It can be in the best location, in the best condition, but if the property is badly managed then this can still turn into a bad investment. The property manager is almost as important as the property itself as these are the people who look after the house and the tenants and make sure the property has a positive cash flow and is also kept in a great condition. As a company we endeavour to choose the best property managers in each city we work in but of course we invite our investors to do their own research , as owners they can use whichever property manager they choose. Now for the big one. What are the main downsides or risks if that is what you want to call them that can potentially eat into my nice ROI and how can I avoid them or at least minimiser these risks… Well, this is very simple and can be generalised not just to USA buy to let property but to any buy to let anywhere in the world in my opinion. The 2 main risk factors in any property that is purchased with the intention to rent it out are number one vacancy and number two on going maintenance or upkeep of your property. Now it’s very difficult to put a number on these two factors as each house would be different which is why these figures are not shown on our marketing materials etc. However as a good gauge and I would always explain to any investor that you should deduct a good 4-5% of the advertised ROI to account for any maintenance or potential vacancy. Vacancy and how to minimise the risk  This is pretty simple. Every tenant will eventually move out so you will never really find a property that would give you a 100% occupancy so you always need to account for some form of vacancy when calculating your ROI. To minimise this risk firstly choose a great PM. A good property manager will look after your current tenants and keep them happy and ensure they don’t leave or don’t want to leave. Tenants don’t like dealing with a bad PM that doesn’t respond or look after any requests etc. So like I said earlier choosing the right PM is essential. Secondly the location of the property and buying a house that is in a really good neighbourhood is key to keeping your vacancy down. The better the location the easier it is for the PM to place new tenants and quickly. So always do your homework on the area and make sure the street and block is nice and has good curb appeal. As they say Location, location, location…. Maintenance and Up Keep of my property  Again this has to be pretty self explanatory. The bottom line is the better the condition the property is in the less upkeep you will have. So if you buy a house that is fully renovated then you would expect to have little or no maintenance really for the first year or so. The condition of the property would normally be reflected in the price and the ROI etc.. So I think that investors that are buying a cheap houses with a high ROI have to understand that this is an investment and that like any property that is purchased you will need to maintain the house and make certain improvements over time. This is a great thing also as when you spend money on your property you are adding value and increasing the value of your investment also. Also when increasing the quality of the house you can in turn increase your potential ROI also. For Example. If you buy a house for $30,000 that is rented at $600 a month but your tenants leave and you spend $10,000 on upgrades and rehabbing the house then you can demand a higher rent like $750-$800 which also increases the ROI and in turn adds value to the home. So obviously if you want to minimise the risk of maintenance then you need to look for good quality houses that are either renovated or updated and rental ready but also understand that these are investments and will need improving over time no matter what condition the property is when you buy it. As a company we have always tried to give a cross spectrum of investments to our buyers and also try to meet every budget so we sell properties in all categories. Fully renovated, updated, rental ready and also renovation projects where clients can buy a house knowing that the property needs work. I think that if our investors consider all of the above factors then there are some amazing opportunities out there not just in the US market but all over the world and the above risks apply to really any buy to let investment. Location, Condition and excellent property management are key. Clever and smart investment is taking into consideration all of the above factors, doing our own homework and going into these types of investments with our eyes wide open and understanding the risks involved and the measures to take to

We have been selling in Detroit for over 10 years now and we have been there during the highs and lows, when we launched in Detroit the city was in troubled times but this gave investors the chance to enter a housing market at prices that never been seen before in a US city. Over the last decide the changes in Detroit have been unprecedented, the new Detroit is unrecognisable, a proper thriving modern 21st Century City.After the crash you could buy a three bedroom brick house for just over $10,000, the same property today would sell for $50,000 or more. Even-though prices have risen at an exceptionally high rate Detroit still offers investors a chance to buy a three bedroom house at a low price compared to other major US cities.There has been too many developments in the last 10 years to cover in one article but we have seen a new Downtown rebuilt with high street brands, a new rail system throughout the City, a new Stadium, a new Casino, a new High Tech Park, new Skyscrapers and modern apartment buildings, the arrival of Five Star Hotel chains, leading Tech Giants have taken hold like Twitter and Google, a new Marina, the revamp of historic buildings, billions spent on local communities, a new Park System, a new bridge etc the list goes on and and on.But the story does not stop here, Detroit has more new plans in the place to make this City the real star of the North East USA.Plans are being discussed for a New International Trade Crossing, the governments of Canada and Michigan plan to build a second international bridge connecting Detroit and Windsor within the next seven years to enhance their $70 billion-a-year trade relationship.Link Detroit is already underway, this is a  greenway extension that will lengthen Detroit’s popular Dequindre Cut greenway, linking it to the Midtown Loop greenway and a trail in neighboring Hamtramck; plus fix deteriorating bridges and improve street appearances in Eastern Market. The project construction has already started, thanks in part to a $10 million federal grant.MI Rail expansion, the downtown streetcar line will eventually connect Detroit to northern suburbs like Ferndale, Royal Oak and Pontiac along Woodward Ave. Construction is expected to start soon.Rivertown, a huge open area along the river has huge plans in place, 500 residential units and retail space. The first phase will add 300,000 square feet of new construction to Detroit’s East Riverfront.Capitol Park, after the park itself was completely redone in 2009, a full-scale revitalization of several of the neighborhood’s major historic buildings is on the way. The Capitol Park, Farwell, Griswold, United Way and David Stott buildings are all poised to become new apartments and offices, many with first-floor retail.Cadillac Square the historic plaza as envisioned by Rock Ventures, includes transforming the area into a Market Square with food kiosks, an outdoor bar and a permanent market hall. The square would be lined with cafes and outdoor dining spaces, and Detroit’s historic Four Civic Virtues sculptures would be restored to all their original glory.These are just a few of the plans that are currently in place, Detroit is making the best effort to create a vision for the future and they have the tools to make it a reality.One major advocate of change is Detroit Future City, a think tank, a group of policy-obsessed advocates and innovation engineers who are taking a bold plan for Detroit’s future and walking it, step by step, from paper into action.One of its main goals is to create, facilitate and follow up on an extensively researched and vetted 50-year vision for economic development and land within Detroit’s borders. It is a vision of a city that is environmentally responsible, economically diverse and inclusive as well as equitable in terms of jobs, housing and transportation options. Detroit has always been a special city for us and we are happy to see so much positivity and developments taking place in this great city.There is no doubt that 10 years ago Detroit was a great city to invest in but right now its an even better one.If you would like more information on our great properties in Detroit please email invest@globalinvestmentsincorporated.com