Carmel Real Estate News
Indianapolis has been recognized by two separate but similar top 10 lists in Forbes magazine. The first the Best and Worst Bang for the Buck Cities and the other is Cities Where Your Nest Egg Goes Farthest. Indianapolis comes in #3 and #6 respectively. While I understand these top 10 lists are somewhat sensational, there is a grain of truth to what they are saying; Indianapolis is great affordable place to buy a home, raise a family, or retire.
While many parts of the country are reeling from losses in real estate, Indianapolis is not faring that bad at all. In fact, I firmly believe a large of part of the current slowdown in Indianapolis is a self fulfilling prophecy. If we could somehow just tune out all the negativity about the rest of the nation and just focus on Indianapolis, things would be far better. But, it is what it is. Hence, we have seen a big slowdown in the number of homes sold. However, the most desirable areas are seeing only a slight decrease in average sales price over last year.
Due to hype of the media we very well may have to wait for areas like Florida and California to stabilize before people can really get excited about buying a home again. I can tell you this though, there is a ton of pent up activity waiting to burst once consumer confidence comes back around.
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Date: Tuesday, November, 4th 2008 @ 12:41:16 PMViews: 698
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