Investor · Indianapolis, IN · Member since 2015 · 126 posts · 141 votes
7y
Its a nationwide thing I believe. With the strong economy, many people are looking for the types of homes that are good rentals (starter homes). Builders make more money making more upscale homes, so the supply of starters hasn't kept up with the demand. Thus, price increases.. especially at the mid-priced range.
Rental Property Investor · Indianapolis, IN · Member since 2014 · 354 posts · 167 votes
7y
@Aaron Moayed - it's a seller's market and there is more demand for houses then there is inventory. Competition is high which is forcing prices higher.