Indianapolis Real Estate at the Bottom of the List
Home buyers seem to be concerned about the future value of the home they buy today. And, rightfully so! The national media makes it sound like all real estate markets are in deep trouble. Not the case; all real estate is local. If you are in the market to buy a home in Indianapolis, you will love the latest news from PMI Group. PMI Mortgage Insurance Company recently released it’s Market Risk Index of the 50 largest Metropolitan Statistical Areas (MSA). These are the people who insure residential mortgage loans.
In plain english, the company rates major cities for the risk of property values being less in two years than they are today. At the bottom of the list is Indianapolis-Carmel. They rate the entire area of Metropolitan Indianapolis. In this case, it’s a good thing to be at the bottom. The Indianapolis-Carmel real estate market has less than 1% chance of property values declining in two years. This is the list of cities who rank at the bottom.
- Milwaukee-Waukesha-West Allis, Wisconsin
- Cleveland-Elyria-Mentor, Ohio
- Austin-Round Rock, Texas
- Denver-Aurora, Colorado
- Charlotte-Gastonia-Concord, North Carolina-South Carolina
- Kansas City, Missouri-Kansas
- Columbus, Ohio
- Cincinnati-Middletown, Ohio-Kentucky-Indiana
- Indianapolis-Carmel, Indiana
- San Antonio, Texas
- Houston-Sugar Land-Baytown, Texas
- Pittsburgh, Pennsylvania
- Dallas-Plano-Irving, Texas
- Fort Worth-Arlington, Texas
To read the full report, click here.