Housing values on rise [Midwest]
What housing bubble?
While much of the nation suffers from continued falling housing prices, Lake County will see 3.2 percent growth over past year in residential real estate value in 2007, according to a report by Fortune magazine. This places Lake fifth in the Midwest and 30th in the nation in a ranking of 100 real estate markets conducted by the magazine.
Porter County was not included in the survey, but realtors said housing values there mirror its sister county: rising slowly and steadily.
And realtors here say the 3.2 percent is an average. Houses in some areas, such as St. John and Crown Point, could see even bigger increases in value.