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.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Anonymous on Aug 30, 2009 at 03:46 PM
    The economy sure don't feel better! Someone would have too be a idoit things are getting better in Michigan.
  • by Anonymous on Aug 25, 2009 at 06:48 AM
    Read the news.Jobs still going over seas.Social sec people loose cost of living raise.Over 100,000 will loose unemployment at the end of the yr.in mich.Food banks can't keep up with demands.Still more loose homes.Gas prices still go up.Programs to the poor get cut.Police forces get cut.Drugs moving into cities.We are still in wars and if McCain has his way they will continue.Jenn wants more money for new rail system.Car related companies sell off factories.Thousands still looseing jobs.New president gives bailouts to the better off.Greed still runs wild,destroying so much.More continue to become homeless.Still insurance,utilities,and many prices climb.The list goes on.Wishful thinking on someone part?Go door to door and ask people what they think about this.Not counting the rich still doing well.Don't need to give people false hope.
  • by jim Location: Michigan on Aug 22, 2009 at 06:29 AM
    If buying a TV and doing some painting says we are doing better.I don't think so.No way can this country go forward till jobs are here to put most people back to work.Tell people what they want to hear.Or maybe it is just because better off ones with higher incomes are letting go of a few dollars.Get real,most of us are lucky to pay bills,and buy food and pay gas prices that are going up.Maybe jobs are slowing down on closing,laying off or figuring if they wish to move to mexico or over seas.Getting over a recession?Not without jobs.The damage that was done with job loss can't just not be there now.Reports like this maybe believed by some and they will let go of their saved money for a rainy day.Just like cash for clunkers.The gov just isn't going to give billions away.I'm sure they made billions somehow.Helped sell cars.Now people who bought just have to pay for them.If a car is worth 2,000$ they paid 4,000$not likely.That's way above junk price even.Does that figure.NO.
  • by Barbara Location: Lansing on Aug 21, 2009 at 08:56 PM
    What an out right lie. There is no way it is turning around and I don't care what surveys or numbers you come up with it only takes common sense to realize that the majority of people that are on unemployment are about to run out and we still have no new jobs for them to fill. Stop deceiving the public!
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