Posted Tuesday, July 22, 2008 by
estridge partners
According to the PMI Mortgage Insurance Co., Indianapolis and the surrounding
area (Carmel, Fishers, Westfield, Zionsville, Brownsburg, Avon…) are at the bottom of the list for home values – in a good way. The Summer 2008 Risk Index released by PMI indicates that there is a less than 1% chance of Indianapolis real estate values declining in the next two years. In contrast, markets in California and Florida top the list with over 90% risk of home values decreasing in the next two years.
Steady Indianapolis real estate values, in combination with Indianapolis being the most affordable housing market in the nation, are positive distinctions for Indianapolis real estate and homeowners.
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