Posted October 06, 2018 07:23:56 When it comes to the state’s unemployment insurance program, homebuyers in Michigan are getting some tough news: Their benefits are drying up.
The federal government stopped issuing new unemployment benefits in January, and homebuyer benefits have been steadily declining since.
The state’s homebuyership rates have been on the decline for years, and the jobless rate for all Michigan workers has been at 10.3% since 2010.
The situation has put the state in a tough spot: It needs more people to work for it to keep up with its cost of living, and it has a lot of unemployed people.
The median income for Michigan workers is $51,400, down from $58,800 in 2000.
The cost of housing, gas and other expenses have been rising since the recession, and that means the cost of the job market is rising faster than the wage and benefits of workers.
That’s putting a dent in the homebuying market, which is expected to reach $30 billion by 2019.
But the number of unemployed workers in Michigan is shrinking, and a number of counties are getting hit hardest.
The jobless in Michigan dropped by 1.2% last year, according to the Bureau of Labor Statistics.
That’s down from 2.2%, but still a substantial drop.
The jobless drop is also expected to accelerate this year, as more people return to the workforce.
That will make it harder for the state to continue to make up for lost jobs and keep pace with inflation.
The most popular option for those seeking help with unemployment is a home equity loan.
But many of the borrowers who get loans are looking for an apartment, not a house.
The bureau says that more than half of the 1.6 million mortgages on homes in the metro area were bought by someone who’s unemployed, and many of those loans are for houses.
The foreclosure rate in metro Detroit has been skyrocketing in recent years.
It’s expected to hit 9.6% in 2021.
Homeowners who need help finding a place to live are also getting help.
The number of homeowners who applied for the Help to Buy program has jumped by nearly 2 million since January, according in the National Association of Realtors.
That means the program has helped more than 3 million homeowners.
In a sign that homebuyners aren’t as worried about their own situation, fewer people are looking at foreclosure filings, according the association.
In many areas, the foreclosure rate is increasing, but the numbers are still lower than they were in 2016, the association says.
The U.S. foreclosure rate for homes is up by 8.7% since March 2018.
In metro Detroit, the rate is at 5.6%, up from 3.3%.
For many people who want to keep their home, the mortgage rates are the only option.
Many are worried about losing their home if they lose their job, but they also think about their kids, or how they can pay the mortgage.
Some of those parents are putting down the money for a home, but are having a hard time keeping it together financially.
One mother in northern Michigan has put down $2 million to buy a house, and is still working to get the mortgage paid off.
The mom is struggling to keep the mortgage on the same terms as her son, who is in college, and wants to work.
She said she was going to stay in the house until she could afford a new place, and then move on to another home, because her son would not have the same amount of money.