Tippecanoe County foreclosures outpacing new homes

By DAVID SMITH and MAX SHOWALTER, Journal & Courier
dsmith@journalandcourier.com

mshowalter@journalandcourier.com

Four years ago, while much of the country was riding a wave of rising home starts and home values, a few Tippecanoe County Realtors, lenders and others were worried.

Despite a boom in new construction, Tippecanoe housing resale values were among the lowest in the country, and foreclosures were being filed with increasing rapidity.

Now foreclosure woes and sluggish home sales have spread nationwide. Tippecanoe, however, far from moving beyond the crisis, remains a bit mired.