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Economy

Michigan housing recovery attracts more sales agents

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Steve Carmody/Michigan Radio
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TROY, Mich. (AP) - Here's a bullish sign: The number of people getting a Michigan license to buy or sell homes is up.

The Detroit News reports that real estate agencies are adding more people as home prices rise and the state's economy improves. Coldwell Banker Weir Manuel in Troy says it recently hired 14 agents.

The newspaper says the number of real estate licenses issued by the state is up 10 percent this year to 49,000. Bob Jakowinicz, a Realtor with National Realty Centers in Livonia, says there are plenty of buyers but a low inventory, just the opposite from 2009.

Courtney Dunford, a 2011 graduate of Wayne State University, says she wants to ride the housing recovery. The 25-year-old changed careers, passed the state exam and became a real estate agent.

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