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Susan just posted this great news about South Bend, Indiana located in Northwest Indiana! South Bend, Indiana has been named as one of the Top 10 Cities for Best Home Value! Look and see if your city has made the list.
Comments have been disabled so you can visit Susan's site to comment.
I always knew it was a great place to live and values for housing was very affordable. Now it's been validated by the Today Show and Barbara Corcoran, a real-estate contributor to the Today Show.
Jan 6, 2010
South Bend is the best city in the nation to find value, stability and rising prices in a home while living in a community with anticipated job growth, according to a real estate expert interviewed Jan. 5 on NBC-TV's Today Show.
Barbara Corcoran, a real-estate contributor to the Today Show and CNBC, ranked South Bend first among the "Top 10 Cities for Bargain Homes."
In South Bend, Corcoran told interviewer Ann Curry, the median "price is just $89,000, and prices have been rising steadily for almost a full year now.
"Still, the median price is only half of what it is in the rest of the nation," she said. "That's an enormous difference -- a lot of house for the dollars."
Corcoran's report showed a three-bedroom Victorian home in South Bend as she commented, "Pretty! Pretty! Pretty! It's $90,000. That is a creampuff of a house - in great condition."
If the availability of housing values weren't enough to put South Bend atop her list, "the cost of living is a whopping 29 percent lower than anywhere else," added Corcoran who sold her company The Corcoran Group for $70 million in 2001.
South Bend's value for housing confirms the experience of Sue Solmos, a former Indianapolis real-estate agent who moved to South Bend in 2008 to become the residential marketing specialist for the City of South Bend's Department of Community and Economic Development.
"I was delighted to see that we were on the top 10 list and even more impressed to see that we were No. 1, as we well should be," Solmos said. "Given that we have 10 universities and colleges, this new high-tech initiative going on and absolutely fabulous neighborhoods with magnificent housing stock, South Bend is an obvious choice. We are a train ride to Chicago, a short ride to the beaches of Lake Michigan and, for a city our size, we have surprisingly good arts and culture."
Here is Corcoran's ranking of cities as appeared on the Today Show:
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.