Illinois Taxpayer Relief Program: A Move to Northwest Indiana! - 01/15/11 02:59 PM
As Illinois put higher personal and corporate income taxes into effect in order to balance the budget, Indiana has begun to receive a windfall in those seeking to relocate.  Near Chicago, in Northwest Indiana, business leaders, government officials, and REALTORs are reporting increasing inquiries from Illinois residents looking to escape the higher taxes and maintain a reasonable commute to downtown Chicago.
The higher taxes have compounded a problem of an already high cost of living for Chicago area residents.  From high property taxes to high sales taxes, residents were ready to seek relief.  Property taxes in Northwest Indiana are quite a bit lower than in the adjoining Illinois counties.  While Lake … (0 comments)

Short Sale and REO Success in Northwest Indiana - 01/14/11 12:33 PM
Distressed home sales make up a fair share of the home sales market in Northwest Indiana, but not nearly the number in other markets around the country.  While exact figures are hard to uncover due to listing classification differences, a little over 11% of homes sold in Valparaiso (91 homes total) were either short sales or foreclosed (REO) home sales as shown in the GNIAR MLS. This figure does not include non-MLS or tax sale proceedings that were held by Porter County, so the ultimate figure is undoubtedly a bit higher.  As a comparison with an extremely distressed home market, California's … (0 comments)

2010 Valparaiso and Porter County Area Home Sales and Inventory Report - 01/14/11 11:41 AM
Valparaiso residential home sales in 2010 remained relatively stable in year-over-year comparisons versus 2009 figures.  GNIAR MLS data shows that while unit sales were slightly down from 815 units to 809 units, median sales price remained identical to 2009 at $174,900.  Average days on market stayed at 84 days, and the average house sold square footage was stable at 1921 SF. 
On the inventory side, as of January 1, 2011 there were 587 single-family homes on the market, with a total months supply of inventory (MSI) figure of 9.7 months.  Most experts consider a 6.0 MSI figure as a balanced market, so … (0 comments)

 
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Matt Evans

Valparaiso, IN

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Address: 2803 Boilermaker Court Ste 1A, Valparaiso, IN, 46383

Cell Phone: (219) 241-8401

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Real estate market reports, news, and more for, Northwest Indiana Homes, valparaiso homes, chesterton homes, portage homes, living in indiana, living in valpo, home buying valparaiso, home selling valparaiso, porter county homes, indiana real estate


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