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July Housing Numbers Show Home Prices On The Rise

Housing data for July 2011 shows home sales prices are on the rise in Indiana. Numbers released by the Indiana Association of Realtors show housing prices are up in parts of the state and the number of pending home sales is also up.

Greg Cooper of Prudential Indiana says the numbers are definitely positive but all of them are not good.

“I think it was about May 2007 where we actually saw good news about the housing markets,” he said. “I think that the numbers are certainly a positive after all the grief we’ve been through the last few years.”

Cooper says some localized areas and price points are not that good, especially for homes above $500,000 to $600,000. Cooper says pending sales are up 21 percent, but he says the economy really needs to be further away from the 2010 housing stimulus to be able to accurately reflect the market.

While the numbers are good, Cooper says the number of Americans at risk of foreclosure also went up, a statistics that is closely linked to the jobs market.

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