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
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