By Rachel Beard
Lansing Township News Staff Reporter
According to the Lansing Charter Township 2009 Master Plan, there are a significant number of vacant homes in Lansing Township. Although vacancies were 1.30 percent of total homeowner housing stock in Lansing Township in 2000, Urbandale, a neighborhood south of Kalamazoo Street, had a vacancy rate of 10 percent that year, according to the Lansing Township Master Plan. That’s nearly 10 times the township average, and that was well before the Great Recession of 2008 which sent foreclosure rates skyrocketing across the country. It only takes a quick drive around the township to notice that quite a few homes have been abandoned. So why are there so many vacant homes in Lansing Township?
The property value of homes in Meridian Charter Township averaged a 5.6 percent increase this year, continuing an upward trend for the last few years. Township assessor David Lee said the township struggled after the housing bubble but was somewhat insulated, so it did not suffer as much as other areas. Now the township is seeing its numbers bounce back. Lee said, “With last year’s assessments, we started to see an uptake in values. It was moderate, 1 to 3 percent in most places.
By JENNIFER CHEN
Capital News Service
LANSING – Appealing plazas, thriving shops and convenient transportation may play a crucial role to increase home sales, according to the Michigan Association of Realtors. The association cites Gov. Rick Snyder’s “placemaking” policy as a way to improve the housing market. Mike Nowlin, senior public relations and policy manager at Pace & Partners Inc., said, Snyder embraced placemaking as part of Michigan’s agenda to attract and retain talent, entrepreneurs and businesses. Nowlin said powerful collaborative efforts are underway to achieve the state’s placemaking objectives. Association President Beth Foley said.