The number of Indianapolis foreclosed homes for sale being acquired by buyers has been rising due to the increasing number of first time homebuyers making their home purchases. Low home prices and the federal tax credit have been driving home sales.
Housing projects abound despite the continued affordability of Indianapolis foreclosed homes for sale, which have been clobbering new home sales. About 40 custom home builders set a meeting with lenders in the area to obtain financing for new construction.
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