Howard Hanna recently bought the brokerage that I have been working for (Edward Surovell). And what Mr. Hanna started talking about was all the reasons they have decided to take an adventure into the Michigan Real Estate market, by purchasing our company. He started talking about the unemployment rate and he said that "over the last 18 months the unemployment rate in Michigan has dropped at a more aggressive rate than any other state in the country". This is obviously a good sign for real estate as the more people that are coming back to work the more can afford to purchase homes.
He also talked about the fact that people usually start getting aggressive about buying a home when they really see the market going up (which makes sense), comparing it to stocks and when a stock starts to rise how many people all the sudden feel a need to get in before its too late. And he as well as I can see that the market is starting to rise here in Michigan and cant stay this low much longer.
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I can see Michigan's real estate recovery on the horizon in the news as well. This week Chrysler added 1,250 new jobs (not old jobs new jobs) http://www.foxnews.com/leisure/2012/11/15/ap-source-chrysler-to-add-1250-jobs-at-3-detroit-area-factories-in-near-future. And the government granted Detroit 6.5 million to remove one of Detroit's biggest eyesores http://www.foxnews.com/us/2012/11/15/vacant-housing-project-where-diana-ross-supremes-lived-before-motown-stardom. I know that this is just some good news among a sea of negative news out there in the world, but I guess its a choice on how you want to view the world.I am so excited to see what will happen next in our great state and am looking forward to doing my part in helping our cities shine.
