Currently NDIC is shut down and with other companies like CTC reducing their labor force weekly, the abundance of homes on the market will continue to increase. We have had a home for sale there for over 2 years and keep dropping the price. The homes in the area were overpriced by the realtors 10 years ago and people moving there for jobs foolishly paid the overpriced amounts. Fortunately the taxes have been low there so keeping the house there while enjoying our new life in North Carolina (better weather, LOTS More jobs, better homes for the $$, and low taxes). However as another poster suggested, the county and city are desperately trying to find ways to keep the corrupt politicians employed, thus raising property and school taxes is their justification.
The town will soon be a nice ghost town or retirement community, so just be patient and you can pick up Westmot and Richland priced homes for that of Moxham or Westend pricing. Likewise if you are looking for area to live in the current mid-range, def consider Southmont, Westmont, Richland, Giestown, Lorain, Oakland, and parts of Ferndale. Avoid Moxham, Westend, and any part of the city itself as there is very high crime rate, low-income housing (where most of the drugs and prostitution happen). Though it appears part of Richland might also become infested with low-income housing as friends still living there inform me that a company is trying to put in more "projects" now in Richland area.
Good luck, but as I stated you would better consider other areas of the country that are now in such a rapid downward spiral.