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Housing crisis deepens as demand skyrockets in Hugo County

October 09, 2024 | Vigo County, Indiana


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Housing crisis deepens as demand skyrockets in Hugo County
During a recent government meeting, community members voiced their concerns regarding housing shortages in Hugo County, with particular emphasis on the implications for local residents. Jennifer Lamberson, a realtor and lifelong resident of Croriton, presented data highlighting the current housing market dynamics, specifically the absorption rate, which measures the rate at which homes are sold in a given timeframe.

Lamberson explained that an absorption rate of 47% in Joe County indicates a strong seller's market, characterized by high demand and fewer days on the market. In contrast, Beagle County reported just over two months of housing supply, suggesting a tight inventory that could lead to increased home prices.

The discussions were part of a broader agenda addressing community concerns, particularly regarding future developments along the southern boundary of Pareaton. As a trustee of the Pareaton United Methodist Church, the speaker emphasized the importance of these issues to local residents, underscoring the need for strategic planning to address the housing crisis effectively.

The meeting served as a platform for residents to share their insights and advocate for solutions to the pressing housing challenges facing their communities.

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