As an Indianapolis real estate agent, I'm happy to say that I'm seeing it everyday. The long recovery in housing that we've hoped for for so long is now underway. Yet surprisingly, industry parlance notes that inventory is low. Or in common language: there are not a lot of houses on the market.
Frankly, from what I'm seeing, that makes no sense. People are buying houses and demand is up. If you're considering selling your Indiana home, now is a great time to begin investigating the process and getting it underway for spring and summer showings.
To illustrate how and why things are improving in Central Indiana, I've compiled a list of Three Housing Trends That May Help You Cash in on Your Indianapolis Home in 2013.
Mortgage Approval Rates Are Up!
Buyers have good reason to get over their “lending anxiety.” In fact, mortgage approval rates have jumped by 11 percent and more than 50% of applicants were approved for a mortgage in November of 2012. See the data here.
According to mortgage expert Dan Green, “New loan programs with looser, simpler rules have been introduced and, in many cases, the steps required for a home loan approval are more simple for today’s mortgage applicants as compared to just two years ago.”
Sizzling New Home Sales
A December 2012 Census Bureau report indicated that sales of new homes have increased at their fastest pace in two years, and were up 15% from 2011. Again, this shows consumer confidence in the economic recovery and a willingness to buy.
The 25-34 Equation
The recession decimated employment numbers for those in the 25-34 demographic, but recent job numbers from the U.S. Department of Labor show that group is back and working again and ready to spring into buying a home. This section of younger home-buyers saw their employment numbers rise by 2 percent.
Whether you're looking to buy or sell a home in Indianapolis, these statistics are fantastic news. When you need an expert to guide you through the process of buying or selling a house, the Indy Real Estate Experts stand ready to help.
Call me for a free, no-obligation analysis at 317-246-9966 or email me.
Here's an Example of Just One Way I'll Help You Market & Sell Your Home