Home sales continue to bring good news for everybody but buyers, but one trend from the past September and October could bring some relief from the skyrocketing home prices in Northwest Indiana.
Pete Novak, CEO of the Greater Northwest Indiana Association of Realtors, which oversees real estate activity in Lake, Porter, LaPorte, Newton, Jasper, Starke and Pulaski counties, said there has been an increase in the number of new listings the past two months, something that hasn t happened in quite a while. New listings have been on the negative side for a long time, which is how we got into the situation we re in now with a limited supply of homes available to buyers, Novak said. When you have a limited supply, the prices shoot up. The last two months have shown an increase, but we don t know yet if that is a trend. We ll have to wait for the November numbers.
site, myfoxdc.com. we will be showing them along the bottom of your screen throughout the hour. school without walls in the district is closed. in culpepper and spotsvainia schools open today. tucker, are you about to be super busy. the after shock woke me up and i rolled over and went back to bed. whatever. let s talk local weather and we ll touch on irene in a couple of minutes. showers and thunderstorms to our north and west. let s go to the satellite and radar. very impressive. funnel system trying to work in. thunderstorm activity as close as martinsberg. watching to the north and west, you stand a decent chance of seeing scattered showers and thunderstorms this morning and the rest of us mid- to late afternoon. reagan national, 76 degrees. 73 winchester. 74 in ocean city. rather warm and muggy this afternoon with highs about 90. partly sunny skies. afternoon showers and thunderstorms return. some could be strong. be ready for that later today. more coming up on hurric