“House prices have been rising in all 50 states, but Northwest Indiana homeowners are benefiting from one of the biggest rises of home values in the nation.
The Region ranked seventh nationwide in house price appreciation over the past year, according to newly released federal data.
The Gary Metropolitan Statistical Area, which includes Lake, Porter, Newton and Jasper counties, has seen a 7.9% increase in home prices year-over-year and a 2.3% jump in the third quarter, according to the Federal Housing Finance Agency. The state of Indiana ranks fifth nationally in house price appreciation with a 7.4% year-over-year increase, trailing only Idaho, Maine, Arizona, and Utah.”
And alternatively, “Nationally, the lowest appreciation in home prices nationwide in the third quarter was neighboring Illinois, where house prices increased by just 1.9% year-over-year.”
Awesome. <3 Lauren