Today I was driving home and was listening to the radio, I heard a report by a Research Team at U of Michigan predicting we were not going to recover in Michigan until 2011. It was quoted we could expect to see some 108,000 more people laid off, depending on what happens with the “Big 3”.
What are your thoughts?
One thing is true the inventory is decreasing and has been for months. I’m not sure if sellers are just to the point of “waiting until the market comes back”, or “can’t sell for what they owe.”
Either way it is a healthy sign.
Search the Ann Arbor Area MLS, from here.