Entries Tagged as ‘Michigan Economy’

January 8, 2008

The Key to Rising Home Prices

Higher Demand or Lower Supply = Rising Prices

It’s a basic economic principle that when supply increases, prices come down.   And, when supply decreases, demand can rise and prices will rise with demand.   (a good resource is Basic Economics, by Thomas Sowell)

As Banks take over more and more properties in Mid-Michigan they will seek to sell [...]

December 7, 2007

Michigan: Guilt By Association

As a mortgage broker in the Lansing area for 14 years, I’ve seen the real estate industry go through various cycles along with the mortgage industry.  Yes, I understand that the housing market across the country as a whole does not look very positive but we need to be careful to not generalize the negative aspects [...]

October 10, 2007

500 to 1,000 Jobs in Lansing

Michigan’s biggest problem is not the mortgage market meltdown happening across the country right now.  Our biggest problem is the loss of about 5,000 Michigan residents last year and thousands of jobs.
Now for the rest of the story….
1. The Accident Fund Company announced yesterday that they are planning on converting the old Board of Water & Light Ottawa [...]