Really encouraging news regarding Michigan's part in the Recovery and Reinvestment Act. The state has received around $5.2 billion in stimulus funds which has so far helped create 22,000 new or saved jobs! This is great news! The state now ranks number 9 in the nation for jobs created or saved due to the act.

It is clear that the worst of the recession is over. Lawrence Yun the Chief Economist for the National Association of Realtors even came to Michigan a few months back to talk about the Real Estate Market and the economy. Things were starting to move back then and now with the influx of first time homebuyers purchasing properties and the effect of the stimulus money is being felt. (Keep track of Michigan on the government recovery website)

The stimulus money is also being funneled into other areas and not just being used for job creation, including tax cuts for residents and small businesses, weatherization projects, college tuition grants, unemployment insurance benefits and plugging the deficit in the state budget.

This is definitely exciting news for the state and for the region - no wonder Ann Arbor is a top relocation destination worldwide!

Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.

Kathy Toth and Team

www.KathyToth.com
Keller Williams Realty

 
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1 Comments on Michigan Economy Update: State on Right Track!

NOV
04

Kathy, a nice post about Michigan.  I can tell you are as proud of Michigan as I am of Indiana.  Maybe if we are both positive in our future posts, we can let people know just how great the Midwest is, and how they should relocate their companies to our areas.  Charlie Gantz, Greenwood, IN; J.D., M.B.A.; owner/principal owner, Atlas Commercial Real Estate.  

2:00pm • #1

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Kathy Toth Ann Arbor, MI Real Estate

Ann Arbor, MI

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Keller Williams Ann Arbor Market Center

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