Top 5, Top 10, Best of, Highest....what does it mean?
Studies are popping up all over the place and our region is making the lists for a lot of great reasons. Those lists are circulating around the nation and people are turning their heads toward central Indiana and thinking they just might want to pay us a visit. We've talked about it on this blog before, but with this type of attention being paid to the region, its important to say it again. Now is a great time to sell, and when it comes to buying - our region is primed.
Here is what a recent study has to say about our urban core:
Among major cities, Indianapolis is the nation’s second-most affordable real estate market. Only Detroit has a less expensive homebuying market. Yet while Detroit rates poorly on metrics such as market stability and mortgage availability, Indianapolis rates quite well. In fact, it has the nation’s seventh-highest loan funding ratio, at 77%. Likewise, with just five negative quarters since 2010, Indianapolis rates as the eighth-best city for that metric.
Who else made the list? Indianapolis ranks with Oklahoma City, Tulsa, Pittsburgh and Houston in the Top 5 best housing markets for first-time buyers. The worst based on affordability, mortgage availability and housing market stability are Anaheim, Riverside, Stockton, Long Beach and Oakland, unfortunately all within California.
Next step? Connect with a REALTOR®, the expert you will need to navigate the home buying and selling process, and the professional that knows our neighborhoods and communities very well.
Source: SmartAsset.com / https://smartasset.com/mortgage/best-cities-for-first-time-homebuyers