(GRAND RAPIDS BUSINESS JOURNAL) - Founders Bank and Trust Vice President Michael Rash believes the local residential market is finally on the upswing, but he added the word "caution" to his analysis because he feels the market isn't out of the woods yet.
"When you look at the statistics, we're certainly up from year-to-year and from month-to-month, and that's all good. It feels like it's stabilizing and looks like it's stabilizing. But the other thing I would say is it's very much local," said Rash, who has been with Founders for a dozen years, in the mortgage business for 17 years and is a past president of the West Michigan Lenders Association.
By that Rash meant the Grand Rapids economy has rebounded and is growing at a better clip than most other areas in the state. "Right now, we just happen to have a growing city," he said. "Currently, the market feels kind of strong just because of the numbers."
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Grand Rapids Business Journal