People who are looking for rock bottom prices on residential investment properties should look at a Michigan short sale for the best deal in the country. Michigan will have lost 1,000,000 jobs from 2000 to 2008, according to news reports. That means more homes will be on the market as either a Michigan short sale or a foreclosed home. With the bailout of Detroit, however, the news is getting better for Michigan as they move forward designing and producing energy efficient vehicles. That means more jobs in the future that will pay well.
Along with the federal government's bailout, the governor of Michigan announced that alternative energy development will help steer Michigan's economy back into the black. Hemlock Semiconductor in Saginaw County is going to invest $1 billion in Michigan, and Global Wind Systems is moving to Novi with a new wind turbine manufacturing plant. This kind of stimulation should help get Michigan back to prosperity, although it will be tough going at first. With the new administration taking office soon in Washington, and an emphasis on green development, Michigan short sale homes should be good investments for the longer term.