Lake County home sales increased 34-point-eight percent from May 2012 to May 2013, while home sales in Porter County increase 19-point-two percent during that same time frame. Home sales for Lake, Porter, LaPorte, Jasper and Newton Counties combined increased 29-point-six percent from the same time a year ago.
Novak says pent-up demand, and local property tax caps here in Northwest Indiana are factors for the increases, but first and foremost, it is the low-interest rates that are driving up demand.
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