Overall, June 2001 sales also outpaced April and May sales of this year.
Location seems to be the deciding factor in Michigan.
Our sales continue to increase because of the lake. Reducing property taxes with Proposal A helped make homeownership more affordable. Plus, the lack of any big influx of population coupled with the good economy casts Michigan as a premier region to buy a home. Interest rates are another factor to consider when looking at home sales, continues Griffith. Rates have remained low and the market has loosened just enough to give home buyers a good inventory of available units.