The recession hasn't hit Bay City real estate as hard as other areas around the country, despite higher than normal foreclosure rates. Forbes recently named Bay City as one of 25 "Recession-Resistant Cities for Real Estate" citing rising home values that fly in the face of the 9.9 percent unemployment rate. "These are not places where the economy as a whole is necessarily rebounding; they are places where, regardless of unemployment rates and other economic woes, real estate markets are showing some positive improvement," the article said.
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