Some sad news for three South Lyon businesses

This article reports on the future of the theater and two local restaurants in the challenging economic conditions. (Maybe some challenging bad management conditions too!)

Assessment falling and taxes rising article

This article from the Freep talks about how in many parts of Oakland County and Wayne county the assessments are dropping because values have dropped, but the taxes are rising because of the 1994 Proposal A tax law.

Interesting.

Prices drop, sales increase

I saw an article recently from the National Association of REALTORS siting a rise in home sales in March by 3.9%.

(They always focus on the positive sales news because they are always on the seller's side.)

But, if you look around enough you will also see that prices fell for the seventh straight month compared to one year earlier.

The South Lyon market is not an exception. Not at all.

It can be a good time to buy a home, but you still need to be very careful!