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MI population rises

January 11, 2013

If population could increase value of real estate, Africa would be a wealthy area. But as the WSJ notes, you also need job &/or income growth. Will “right to work” help bring income to MI ?

It’s help other states that enacted such laws. Further impact on real estate inventories is how foreclosures are handled. In states such as NY where the bank must initiate a legal case action to foreclose RealtyTrac points out that prices are much more slow to return to growth than in non-judicial (e.g. MI ) states.

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