Plant closings, high unemployment and more foreclosures seem to be dominating the local media these days. It’s easy to get caught up in that negative mindset. The press has a tendency to play to negative human emotions.
But there is lots of positive momentum building in our local economy.
Consider these few examples right in our own backyards. Within the past week there have been announcements for a new “W” hotel project, a new class A office building and a gourmet restaurant to be built, all within three blocks of our Birmingham office.
Oakland University recently announced that it is moving forward with its new medical school in Rochester that will ultimately create thousands of jobs. There are also two new major hospital facilities being built. One will be in Clarkston and the other near our West Bloomfield office. And let’s not forget Bloomfield Park, the long talked about planned unit development in north Bloomfield Township that is finally underway.
While the recent past has been filled with bleak economic news, these are signs of a brighter future. Through the outstanding efforts of our corporate relocation team and our diligent sales force, WMR is ready to lead the way as the new economy of Michigan evolves.
Buying foreclosed properties can be considered a good opportunity only if a buyer has been properly advised of these risks and structures his offer to purchase accordingly.
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