Indianapolis Listed in the Top 10 Housing Markets
Indianapolis Real Estate seems to always be making the news. Through the bad times and the good times, we are nationally known. When we ranked in the top ten for foreclosures, the nation knew.
We are known as having the most affordable housing market in the nation for a city our size.
Now, Forbes has named Indianapolis as one of the best housing markets in the nation. I'm not one to beleive everything I read, but I do like the metrics used for determining the results in this article.
The results take into account many factors, including, housing affordability, foreclsoures and rising home prices.
Indianapolis has long been known as having the most affordable housing - We are at 18 continuous quarters and running. When all the metrics are considered, our real estate market is looking better than most around the country.
This report states our Housing Opportunity Index (HOI) is 95.
Indianapolis has the highest HOI in the country, with decent housing accessible to 96% of families making the median income. In places like this the recession has weighed down home prices, but mortgage rates are still at historic lows, giving families a chance to get in on the ground floor. Francesca Levy, Forbes
My monthly reports and observations about the condition of Indianapolis real estate market indicate we are starting to see homes sell quickly in specific price ranges. New home builders are starting to build spec homes again and the outlook is positive. Combined with the home buyer tax credit, the next few months will most likely fuel the start of a good year for home sales in Indianapolis. Then again.................if interest rates rise, we may see a stall in home sales.
One thing for certain, there is not a lack of news available to report about real estate. Check out my upcoming market reports for your area to see how we are faring on a local level.
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Discussion
Hi Paula,
This is such encouraging news! Our company has recently entered Indiana and a positive outlook is a nice way to start.
Can you give us some insight? Besides the obvious of us being a mortgage lender, we have a very different focus on how to support our communites. With every loan, we ask our clients about their favorite non-profit charity. When their loan closes, we donate $250 (from our profits, not an additional fee) to that charity. What are some great charities you know of in the Indianapolis area that would love the extra support and that we should be introducing ourselves too? Thanks!
Wow, that is kind of surprising but nice to be ranked in a positive light. Any news like that is good news...it seems like right now you reading glim & gloom or fiction. Very encouraging and I hope I read similar news for my RE market in Florida.
This is indeed a wonderful achievement for Indianapolis Housing Market. More power! I hope this will reflect to all of the Real Estate Markets throughout the country.
Awesome news for Indianapolis. Hopefully that helps the market! It can def only help!
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