Over the past 90 days we have seen some remarkable shift in the 46033 housing market. We've gone from a glut of homes in 2011 to an absolute under supply of for sale housing inventory. Following basic supply and demand economics we've seen closed sales in 2012 that have reflected any where from a 3% to 5% increase in prices in specific neighborhoods. It's not totally universal in price point or geography but it's growing. With the recent announcement by the Federal Government that rates will remain low through 2013, next year's housing market could be the pretty remarkable for us in the 46033.
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