All posts categorized under ‘Market Conditions’
Now days, there are so many sources with television air time, web and print media available on any given topic that people can easily take in more in a few hours each day than they used to in a month on any given topic not that many years ago. That could be a positive thing if done right I suppose, but the truth is people are being bombarded with more and more
The view back through our window on the real estate market for central Indiana last month shows continued transformation, from a market slowed the last few years by a lack of consumer confidence with the economy, into a market that’s gradually becoming more optimistic and more traditionally shaped. The number of sales is very close to where it was last year at this time, but the difference is the prices of homes that are selling. Very few homes last
A review of market activity last month shows it’s continued transitioning into a market that’s more traditional. Without the effects of the federal government stimulus money that induced purchasers to buy now, altering their normal motivation, sales slowed from previous months. This was expected. But still it was surprising that the market was 30% off compared to the same time period in 2009.
While some would see this as negative news, I call
Economically speaking, we’re not used to standing still here, let alone go backwards. We have a heritage of new growth and improvement that dates back to our very beginning as a nation, state and city. The lone exceptions that stand out were the 1930′s depression era, and far less dramatically, the last 2-3 years of negative or stagnant growth. Roosevelt got it right that the only thing to fear was
There’s no question that mixed signals are still being sent, and no wonder that confusion is the result. The public still hears media accounts about foreclosed properties, short sales and homes that remain unsold. It’s important though to listen carefully to the words when you hear stories like this. Are they talking about just this local market?…or have they rolled the entire real estate market into one, which is usually
Just like driving a car, one of the ways to get perspective on where you are now is to look in the rear-view mirror. Market Watch does just that, providing a look back at the previous months activity. To say that April was active is, well, an understatement. Lots of people in the marketplace looking, purchasing, listing, selling. Over 3,000 homes sold in the nine county, central Indiana area that
As the clock winds down to the last hours of the last day of this month, I can hear Realtors all over the country collectively sounding a sigh of relief. The Home-Buyer Tax Credit gold rush is over. There never has been anything like it before in the real estate market that I can think of. Maybe the Oklahoma Land Grab in the late 1800′s? I know that there was a lot more
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Richard Hindman
Realtor® | Broker | CRS
Mobile: (317) 413-7189
Office: (317) 849-5050
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