Michigan Real Estate News

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The Blake Family of Companies is Expanding

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The Blake Family of Companies has completed a $1 million redevelopment project. Blake’s Backyard in Almont has been expanded to a multi-purpose, year-round retail and entertainment venue. A 10,000 square foot taproom offers Blake’s Hard Cider, beer and wine and includes indoor and outdoor seating. The existing greenhouse and nursery were renovated and include fruit trees available for purchase. Blake’s Backyard includes an expanded fresh market that offers breakfast items such as bagels, avocado toast and breakfast sandwiches, along with coffee and baked goods, and a U-pick farm where customers can pick their own fruit, vegetables, herbs and flowers. Future plans for the property include hosting events such as gardening workshops, happy hours and live music. The venue can also be rented for private events.

 

Musicians Learn to Transpose Their Skills

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Across Metro Detroit, many musicians have migrated from the stage to the realty office. They’ve found that real estate requires a lot of people skills, collaboration, being OK with a constantly changing schedule and multi-tasking, not unlike the moxie it takes to play with a band. They also love the flexibility that being a real estate agent allows. Being a musician is far from a 9 to 5 job. It requires long hours, time on the road, and resourcefulness, similar to what it takes to be a successful realtor.

Pandemic Affects Real Estate Trends in 2021

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The pandemic continued its influence over real estate trends in 2021. The construction costs soared due to supply chain interruptions and work shortages. Consumers shifted their shopping habits to online and demonstrated less tolerance for retail service disruptions. The discussion of how to increase open public spaces moved to the forefront. City residents migrated to the suburbs because of the opportunity to work from home. Affordable housing became scarce. Rents increased and home inventories plummeted. Industrial and distribution properties continue to look like promising investments, along with single-family rental homes.