One billion of anything is a big number in rural northern Michigan.
But $1,026,722,416 was the 2019 dollar volume of homes sold in the five-county area, up from $392 million in 2011. That staggering sales figure serves as a sort of “period” at the end of a decade-long real estate boom throughout northern Michigan, when listings, sales, and sale prices all rose sharply.
In these uncertain times, however, the COVID-19 outbreak has the potential to alter that streak. In early March, Dr. Lawrence Yun, chief economist and senior vice president of research for the National Association of Realtors, said a …
