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Often simply referred to as Indy, Indianapolis is the fourteenth largest city in the United States, and one of the fastest growing regions in the Midwest. Historically, Indianapolis’ economy has been oriented around government and manufacturing. Recently, however, Indianapolis has seen rapid diversification of its economy, which now includes healthy contributions from the education, health care, and finance sectors. In 2010, Indianapolis’ population was 829, 718. Like many markets, the Indianapolis market was impacted by the slow economy, demonstrated by the fact that about 15,258 of the 330,000 homes in the area (about 4.5%) were recently foreclosed on. This implies that roughly one in every twenty homeowners has experienced foreclosure, which ultimately helps buyers as property values have decreased drastically as a result. Now is an extremely appealing time to buy your first Indianapolis house. Start looking now at Houses.com!
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