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Indiana Housing Market Improving

Sales prices are increasing and more homes are being sold.

Indiana house

Photo: Jason Pear

27 lawsuits have been filed against foreclosure protection companies the state says are making promises they cannot fulfill.

The housing market in 2011 can be described as improving.  Greg Cooper with Prudential Realty‘s Richwine Group says improvement is not seen everywhere, but overall the market is getting better. Cooper says the number of houses sold, average sale prices and median sale prices all went up in 2011.

However, Cooper says the number of foreclosures in 2011 is still unclear. He says those numbers continue to fluctuate and there is a lot of discussion as to whether all the foreclosures that have actually been foreclosed upon have been released into the marketplace.

Cooper says the housing market will get off to a great start in 2012. He says the first half of the year will be better than 2011 but the second half is still up in the air because of factors like the presidential election.

Network Indiana

Network Indiana Indiana's Only Audio News Network. Network Indiana is dedicated to providing the state of Indiana important and useful information.

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