It's a surprise to builders: Nearly 6 in 10 can't afford $175,000, and lending crisis makes it worse
In real estate some say it's all about location, but in Michigan's rocky economy it's more about price.
A study by the Michigan Association of Home Builders found that 1.35 million Michigan households, or 35%, can afford only homes priced under $100,000, yet the average price was $139,155 in June.

source: The Detroit Free Press
| YTD Genesee County Home Sales 2007 | 4145 |
| Residential Sales | 2483 |
| Bank Owned Sales | 1662 |
| Information Updated | 12/15/07 |
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