Saginaw, MI

There is no doubt that the Saginaw, MI metropolitan statistical area (MSA) has been hit hard by the housing market crash of 2008. However, there are signs that the market is beginning to rebound. According to data from the National Association of Realtors, the median sales price of homes in the Saginaw MSA increased by 5.4% in 2013, and is expected to rise another 3.1% in 2014. Additionally, the number of homes sold in the Saginaw MSA rose by 9.5% in 2013, and is projected to increase by another 5.8% in 2014.

These trends are being driven by a number of factors. First, interest rates remain at historically low levels, making it an attractive time to buy a home. Second, job growth in the Saginaw MSA has been positive for each of the past two years, giving potential buyers more confidence in their ability to afford a home purchase. Finally, many would-be buyers who had been waiting on the sidelines during the downturn are now entering the market as they see prices stabilizing and begin to rise again.

All of these factors point to a continued recovery in the Saginaw housing market over the next few years. This will be good news for both current homeowners and those looking to enter the market, as well as for businesses throughout the region that rely on a healthy housing market for their success.