Indpls Real Estate Rated by Bloomberg Business
Bloomberg Business has rated Indianapolis in the Top 20 nationwide for improvement in the housing market.
“Popular business news website Bloomberg Businessweek recently ranked their top 21 most improved U.S. housing markets for 2010, and central Indiana made the cut placing at number 18 on the list.
Indianapolis and the Carmel suburb, taken as a whole, had a 2.1% home price index in the first quarter, with a 3% foreclosure rate. Bloomberg’s ranking was based on the Metropolitan Indianapolis Board of Realtors’ (MIBOR) assessment that the second quarter showed a strong start. According to the report, a low supply of homes should help prices remain steady or increase throughout the year.”