With people sheltered in place during the pandemic in recent weeks, Realtors expected the crisis to lead to a drop in sales of existing homes during April. Numbers showed an 11.9% drop compared to April 2019.
Sales of existing homes in Northwest Indiana in March appeared unaffected by the crisis created by the COVID-19 pandemic.
Plans to bolster town amenities, expand transportation driving new residential construction • People are continuing to relocate to Northwest Indiana.
Sales of existing homes across Northwest Indiana during the first two months of 2020 reflected the market likely would remain strong heading into the spring and summer months, traditionally the busiest selling time for the industry.
The Greater South Bend-Mishawaka Association of Realtors now operates as the South Bend Area Realtors.
Sales of existing homes in Northwest Indiana finished 2019 with fewer homes sold than the previous year.
John Phair, who has served as president and CEO of South Bend-based Holladay Properties the past 20 years, is stepping down from the post.
Realtor.com, the official website of the National Association of Realtors, in its annual forecast said the U.S. housing market will continue to slow in 2020 because buyers have fewer options and a cooling economy could sway others to rein in spending.
The Economic Development Corp. Michigan City, Ind. said the Mayfield Place subdivision off Tyron Road, has a new developer, who is planning to invest $7 million in the subdivision and add 30 new homes to the development.
Erskine Village shopping center in South Bend recently was purchased by The Cotswold Group of Harrison, N.Y.
