Economic Turn Around?

By: Chris Sutter Email
By: Chris Sutter Email

John and Kim Bails are already discussing where to put the TV and what color to paint the walls in their East Lansing home.

"We decided that this was as good of a time as any," Bails tells us.

Because homes are about as cheap as it will ever get and the incentives to buy are way too good to pass up.

"Houses that last year may have been out of our price range, ya know this summer, we found out we could afford much more house than we thought," he says.

The exact thought process that so many potential home buyers have gone through in the past few months. In fact, Bill MacLeod of Coldwell Banker Hubbell Briarwood says Realtors saw a 9% increase in June and that August could turn out the same way.

"We're seeing positive signs for the first time in four years," MacLeod says.

The same could very well be ahead for the economy and unemployment. Definitely not right away, but Economist Charles Ballard says all indications point to very soon.

"There's a good chance that when we sift through all the data, we might say that August, September, and October was the end of the recession," Ballard says.

Getting the country and mid-Michigan back on its feet.

"As the nation as a whole comes out of the recession, that will probably lead to more demand for automobiles," Ballard explains.

Pumping more money into the state for couples like the Bails' to spend.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 53984157 - wilx.com/a?a=53984157
Gray Television, Inc.