According to Standard and Poors/Case Shiller Home Price Indices report just released, the housing market is continuing to struggle (No surprise there). The 20 city composite index had a 3.5% decline over last February with home prices now at their 2002 levels. Indianapolis continues to buck the trend however. Indy’s medium home prices were up 5.8% over February 2011. That outpaces any of the 20 cities in the composite index. Phoenix was next at 3.3% above last year. Atlanta posted the worst numbers—down 17.3%. This was a new low for Atlanta and was the 5th consecutive month of double digit declines for the market. With numbers like these, is it any wonder that this born and bred Californian likes the Indianapolis market so much for real estate investment?
To learn more about how you can capitalize on this great opportunity, visit my website at: InvestInIndy
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