Snap shot of the Indiana Real Estate Market

My friend just sold his house, his wife, her job just moved here to North Carolina. So, I talked to him. He's like, I was like, oh, so you're gonna find a new one, or and he goes, no, I've been working from home. I'm gonna continue working from home. So, guess what, you don't have to live in the same area nowadays. I mean, so if you move from let's say California and moved to Utah have much more land have probably lower taxes and you're making the same amount. Why would you not do that?

Well, you know, you're right. And that's what we're seeing in our market. It's one of the things we've seen is a big increase in the number of people buying paying cash for properties right now. I think the last number I saw it had been at like 20 to 23% have jumped to 32% or something like that on people paying cash. And we're getting a lot of people here in Indiana, they're coming in from those other areas that are really expensive. They sold their homes and they've sold them for a lot of money. They come in here and they can't believe the houses they can buy for the price. And so, they'll spend more than they have to have a house they gotta move and they want to move in right away. And so, they boom there they are, and they're over there bidding higher. They're paying cash. And it's helped me not I mean, it's hard for the other people trying to Buy, but he's really helping all our values. Because once a house closes, whether it closes with cash or whether it closes with the financing, it becomes a comp.