Housing market gets relief after government re opens - ABC 12 – WJRT – Flint, MI

Housing market gets relief after government re opens

Posted: Updated:
DAVISON (WJRT) -

(10/17/13) - For years, the U.S. housing market has struggled to make a turnaround.

That effort became even more challenging when the government shut down earlier this month. Now, with an agreement in Washington, the industry hopes to see a quick return to the normal business model.

People looking to buy or sell homes are relieved to see the government back up and running.

ABC12 News spoke with a Davison woman who just put her mother's house on the market, Thursday.

"I'm thinking it's going to go pretty good because it's ready, it's move-in ready," said Diane Jerichow.

It has been home for Jerichow's mother since 1974. Now the rooms are empty and the house is on the market and Jerichow and her husband watch and wait for signs that the market will pick up again.

Many home loans were delayed because of the shutdown.

"I think people who maybe were hesitant about purchasing a home or even were looking because they didn't know what the future held, none of us did and stock markets did open back up and things look good so hopefully the market will pick up again," Jerichow said.

Ryan Eashoo is a realtor in Genesee County. His phone was ringing more than usual Thursday. With a return to normal government operations, people want to know how soon they can make an offer or close on a deal for a house.

"I told them absolutely, it's going to take a little while though because of the back log of deals that weren't fully pushed through the system before the shutdown, along with all of the other ones that have come in during the shutdown, but it's been very positive, people actually are going to be able to buy a house and the loan be able to close," he said.

"My concern is that there's lots of buyers out there, I think everyone is probably relieved that it's over with and they can get back on track," Jerichow said.

A lot of homeowners tell us they hope the government can work out a long term solution to minimize uncertainty in the housing market.

  • Local NewsMore>>

  • Teen involved in shooting outside Bay County Juvenile Center had troubled past

    Teen involved in shooting outside Bay County Juvenile Center had troubled past

    Friday, August 29 2014 6:20 PM EDT2014-08-29 22:20:06 GMT
    We are learning new details about the teenager who was involved in Thursday's shooting outside a Bay County juvenile home.
    We are learning new details about the teenager who was involved in Thursday's shooting outside a Bay County juvenile home.
  • Mid-Michigan firefighters fill the boot for MDA

    Mid-Michigan firefighters fill the boot for MDA

    Sunday, August 31 2014 11:56 PM EDT2014-09-01 03:56:23 GMT
    (08/31/14) - Mid-Michigan firefighters were doing their part to help kids in need Labor Day weekend. The Saginaw Township Fire Department was one of many who took time out of their holiday weekend - to raise money for MDA."It means a lot to the guys, our department has a long history of doing this, i think this is our 35th to 40th year that we've been supporting muscular dystrophy, so it's a tradition. We give up a little bit of our holiday time to help out local families in need, it's defini...
    (08/31/14) - Mid-Michigan firefighters were doing their part to help kids in need Labor Day weekend. The Saginaw Township Fire Department was one of many who took time out of their holiday weekend - to raise money for MDA."It means a lot to the guys, our department has a long history of doing this, i think this is our 35th to 40th year that we've been supporting muscular dystrophy, so it's a tradition. We give up a little bit of our holiday time to help out local families in need, it's defini...
  • Man shot and killed, woman stabbed in Birch Run Township incident

    Man shot and killed, woman stabbed in Birch Run Township incident

    Sunday, August 31 2014 11:49 PM EDT2014-09-01 03:49:34 GMT
    (08/31/14) - A 57-year-old man was killed during a domestic dispute.The Michigan State Police say troopers and other emergency responders were called to a home in the 1300 block of Willard Road in Birch Run Township.The call came in around 11:55 p.m. for a domestic violence and felonious assault that was happening.When troopers arrived they found a 63-year-old woman with stab wounds, and the 57-year-old man dead.The woman was taken to Hurley Medical Center for for treatment.An autopsy is sche...
    (08/31/14) - A 57-year-old man was killed during a domestic dispute.The Michigan State Police say troopers and other emergency responders were called to a home in the 1300 block of Willard Road in Birch Run Township.The call came in around 11:55 p.m. for a domestic violence and felonious assault that was happening.When troopers arrived they found a 63-year-old woman with stab wounds, and the 57-year-old man dead.The woman was taken to Hurley Medical Center for for treatment.An autopsy is sche...
Powered by WorldNow

abc12.com

ABC12 Main Station
810-233-3130

Mailing Address:
2302 Lapeer Road
Flint, Michigan 48503

Powered by 

WorldNow
All content © Copyright 2000 - 2014 WorldNow and WJRT. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.