INDIANAPOLIS-In the absence of federal tax credit for homebuyers, the housing market in the Indianapolis region took a plunge in July 2010.
The region witnessed a 30% year-on-year decline in the number of homes sold in the month, to 1,671. The $8,000 tax credit for first-time home buyers and $6,500 credit for existing homeowners prior to July were responsible for artificially boosting home demand in the region, according to Carpenter Realtors. For the full story, go to IndyStar.com.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
