Indianapolis Real Estate Most Affordable?
By Indianapolis Realtor
(ICON Realty Partners, LLC - Indianapolis)
Indianapolis reclaimed the top spot as the most affordable major housing market in the United States. Per the National Association of Home Builders / Wells Fargo Housing Opportunity Index, Indianapolis reclaimed the top spot it held for five years before Syracuse earned it last quarter. "In Indianapolis, 93.3 percent of all homes sold were affordable to households earning the area's median family income of $68,700."NAHB Chairman Bob Jones, a home builder from Michigan cited interest rates and low housing prices as reasons for housing affordability. "With interest rates remaining at historically low levels, and house prices starting to stabilize, homeownership is within reach of more households than it has been for almost 20 years.
Comments
0