Home Prices in Detroit are growing faster than...Miami?!
Home Prices in Detroit are now growing faster than Miami according to CNBC. How is that possible?
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Because Detroit's Housing Market is plagued with tremendous outbound migration. Lots of people leave Detroit every where. However, despite this exodus, home values continue to go up because of the area's affordability.
Meanwhile, Miami has become very expensive, meaning that even though people are moving in, the locals are now priced out, which is going to inevitably leader to slower growth in the future.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Home Prices in Detroit are growing faster than...Miami?! канала Reventure Consulting
Access Housing Data on Reventure App: https://www.reventure.app
Because Detroit's Housing Market is plagued with tremendous outbound migration. Lots of people leave Detroit every where. However, despite this exodus, home values continue to go up because of the area's affordability.
Meanwhile, Miami has become very expensive, meaning that even though people are moving in, the locals are now priced out, which is going to inevitably leader to slower growth in the future.
---
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Home Prices in Detroit are growing faster than...Miami?! канала Reventure Consulting
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