Local Reporting on Taxes and Foreclosures in South Bend
South Bend Tribune reporter Ed Semmler has written a fairly lengthy article on property values, taxes and foreclosures in South Bend. He proposes much of the recent spike in the number of foreclosures can be attributed to the recent overhaul in the method used to assess property taxes. He writes that Karen Roush, an area […]
South Bend’s Housing is Among the Most Affordable in the Nation.
South Bend has a remarkable “affordability index,” or relation between median income and median home price. In fact, a mortgage industry newsletter reported South Bend’s median income would qualify a resident for a loan of 297% of the median home price. This places it among the ten most affordable markets in the United States. Remember […]
Are Home Prices Falling in South Bend?
South Bend real estate has been the unlikely subject of some recent media attention. The South Bend news agency WNDU quoted USA Today’s statement that, “[South Bend] saw a drop in the average home price during the first quarter.” The article goes on to explain that the median price of a home is now $82,000 […]
Quick Statistics for this Year’s Sales
MLS data from the first 120 days of 2006: South Bend: 577 sales. Sale prices from $5,900 to $399,900. Mishawaka: 151 sales. Sale prices from $29,900 to $269,900. Granger: 104 sales. Sale prices from $76,500 to $729,000.
Is Granger For Sale?
While I was driving through Granger this morning, it seemed like every other house had a “For Sale” sign in the yard. There were enough to spark my curiosity, and when I got back to the office, I spent a few minutes on queries. According to the local MLS there are 142 properties for sale […]