United States Transportation Secretary Ray LaHood recently announced more than $900 million in federal funds that will go to transportation projects around the country. Moving trucks
may be a common sight in Michigan, as the state will receive more than $46 million for 16 transit projects, putting many Michiganders back to work.
"This money will ensure transit services in the city of Detroit and the state of Michigan are reliable and desirable and put hundreds of people to work at the same time,” said Federal Transit Administrator Peter Rogoff. "As we create jobs and improve current service, we are also looking to the future of greater Detroit by continuing discussions for a regional approach to transit planning."
LaHood and other officials will make the announcement October 17 in Detroit, which has become a symbol of the slumping economy. Detroit projects receiving funding include a feasibility study for a light rail expansion and replacement of aging existing buses with hybrid and electric vehicles.
Average listing price for homes in Detroit for the week ending October 12 was $37,042, up 0.6 percent from the previous week, according to Trulia. The median sales price from July to September 2011 was $68,891, down 5.7 percent from the same period in 2010.