Fannie Mae recently released their anticipated housing forecast for Indianapolis, Indiana and the entire U.S. This 12-month forecast ranges from August of 2013 through August of 2014 and shows a robust home sales outlook over the next year. It also includes a look at the previous 12 months of action, back to the third quarter of 2012.
The number of homes sold will increase nicely and the average price of those homes will also rise. However, mortgage rates will also jump significantly.
So if you've been considering selling your Indiana house, now would clearly be the time to begin heavily investigating the possibility of such and finding the right REALTOR for your needs.
At the same time, if you've been considering buying an Indianapolis-area house, now is the time to do so before the mortgage rates move even higher.
Whether you're a buyer or seller, my team of Indy Real Estate Experts stand ready to help. Contact me for a no-obligation discussion of your situation. I'll provide a free market analysis and happily offer advice!