Archive - Jan 2009

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January 2nd

GMAC aid boosts market

Detroit Michigan is still a viable place to live. This is not just an opinion; this is backed up by the government. If it wasn’t a viable place then GM would not have gotten their $5billion and made it possible for GMAC to start lending again. Michigan has been and continues to be a place for people to live, work, and raise their families.

To read the full article about GM’s “bailout” see The Detroit News

Housing Market Slopes Downward

Home prices take record fall

The housing market seems to still be on the down slope, with record declines in sales. Interest rates are at a historic low. Homes buyers are not willing to make that final step to actually purchase a ridiculously low priced home: fearful that values are still dropping, as well as job security. The up side is that we as Michigan residents are not alone.

Read the full article here