Indiana Housing Statistics / Sources
Current Indiana Housing Statistics
Last week, two reports came out covering housing statistics, one from the Indiana Association of REALTORS (IAR) and the other from the Federal Housing Finance Agency (FHFA).
The IAR reported in their monthly 'Indiana Real Estate Markets Report' for April vs April 2010:
Karl Berron, IAR CEO is quoted as saying, 'Neither year-over-year decrease is particularly surprising or concerning. We know that the April 30th federal homebuyer tax credit deadline pulled sales forward last year.'
A few statistics that were positive included:
Also released last week was the purchase-only quarterly housing price index from the FHFA (covering loan data from loans purchased by Fannie Mae and Freddie Mac). In this report, U.S housing prices fell in the first quarter of 2011, on a seasonally-adjusted basis, 2.5% from the 4th quarter of 2010 and 5% from the first quarter of 2010.
Specific to Indiana:
Our neighbors around us saw greater year-over-year declines with Kentucky at -1.60%, Michigan -4.09%, Illinois - 4.84% and Ohio -6.71%, while Idaho came in last with a decline of -15.66%