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This would be a lot more meaningful if data was presented over a 5 year span…. instead of comparing to the wildest single year in real estate in 15 years
Some places or “hot” areas are still doing well. If your property is in good condition, there is still a high demand. I am involved with several investors and these areas are still getting very good prices.
Does this decline have anything to do with demographic trends??
Even our donut counties are not growing at the pace that they used to.
It has to do with incomes. Indiana’s median income has not kept up with the national median. People at the Indiana median income can’t afford the median priced house.