When it comes to buying your first home, many Michigan families worry most about the headaches generally associated with first homes. Whether it's the expense of remodeling or replacing the entire roof after the first week of moving in, most people would rather forego these headaches and buy a new home instead.
In our last post we discussed new incentives that states are giving to home buyers to stimulate the housing market. Those efforts seem to be helping aid the recovery of home prices and have the added benefit of filling up homes that have gone unoccupied since a foreclosure. As a result, the construction industry has started to gear up for increased activity over the next few years, which may be a good sign for Detroit and the rest of Michigan.