Some of our team members recently attended the State of Real Estate in Indianapolis. Here is a very brief overview of our real estate situation.
The Indianapolis area is showing just a small decline percentage wise in the pricing of our homes. There is a noticable decline in new build starts which will eventually filter down to the homes on the market and the resales will increase.
Indianapolis is showing a more stable population, producing any residential sales to be within the area probably being exisiting homes. This will increase the demand for resales and decrease the supply. This is great news for our economy.
Interest rates are at an all time low and there are some very equitable programs available from local mortgage brokers and representative. If you would like any further information regarding qualified lenders, please give us a call.
If you have any questions regarding residential real estate, please give our team a call and we will do our very best to assist you in any way.
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