Housing helped by tax credit in Lafayette, Ind.; future unclear USA Today
• Sales eminence. Lafayette, the Tippecanoe County residence, had a boom in housing construction in 2004. But that did not devise a major bubble. It mostly caused sales to iron out, Stark says.
The tax trustworthiness helped turn things around, attracting many first-interval buyers. And those sales may now arguable up the sellers to the next level of homes.
Stoned-end homes, $300,000 and above, were not stirring in 2009. But this year the sales are up measure and those in the $300,000 to $400,000 series have improved more, Stark says.
If that continues, the slope in sales may be temporary. In July, haunt sales were 27.5% put down than a year earlier.
• Guerdon points. Home prices have tended to continue stable in the Lafayette metro precinct even through market storms.
Since 2005, the median reward has been in the mid-$120,000s, Stark says. In July, the median sales reward — $126,250 — was 0.6% higher than a year earlier.