Indianapolis Housing Market outlook for 2014

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Dennis Nottingham
February 09, 2014
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Indianapolis housing market continues steady growth in 2014

Residents of Indianapolis have noticed declines in unemployment rate, which further produced continues growth of Real Estate market.

One of the most stable markets in the States

We have great statistics made my Metro study – known as national data firm with the largest database of Real Estate matters in the country, which confirms our belief. Just in the third quarter of the last year more than thousand new home projects started. That number, from what we remember, has not been reached since 2008, right before recession. On the other hand, some of The Metropolitan Indianapolis areas are known as affordable great investment. “Carmel” has been ranked as forth most affordable for families to live in, according to the National Association of Homebuilders. Families and investors that love more upscale parts of Indianapolis are able to choose more expensive properties.

Indianapolis as the center of events

There are many events that made this city more popular and hosting of the Super Bowl is just one of them. Thousands of people from around the country came to this event. Overall feedback was that the event was very well organized. As a result, we have increased financial activities in the city. Besides this type of events, Indianapolis has what to offer when it comes to family life. Plenty of museums such as Museum of Art, The Eiteljorg Western Museum as well as White River State park are just a beginning of the long list why Indianapolis is becoming more and more attractive for American families.

Indianapolis: stable and affordable at the same time

Unlike some other large cities, Indianapolis can proudly say that this is an affordable city that brings prosperity to residents. If we take a look at Trulia, we can notice over 4,500 in pre-foreclosure auctions. Overall average listing price in Indianapolis currently runs for about $160,000. It might be worth to mention one of very affordable and popular neighborhoods – Fountain Square, with average listing price slightly lesser than the one mentioned above. Based on this statistics, we can compare low unemployment rate with housing market price and come to conclusion that Indianapolis is a great place to invest in Real Estate or to purchase a Indianapolis Homes family home for living.

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