Market Update: Indianapolis Residential
Indianapolis recently was ranked the easiest place to buy a home from Realtor.com. If you are looking for a bright spot following the 2008 economic downfall, the housing market is on the rise and may be the key to your next great investment. Let's take a look at some current Indianapolis trends in residential real estate.
In an annual forecast, Indiana University economists were more optimistic than they have been in recent years, suggesting that 2015 could be the best year of economic recovery since the Great Recession. F.C. Tucker Company reported more than 16,000 pended home sales in the first half of the year, resulting in a year-to-date increase of 8.8 percent compared to this time last year. Overall, year-to-date sales prices for the nine-county Central Indiana area increased by 4.8 percent.
Interest rates remain incredibly low. It's tilted toward a sellers market, but there are still great values out there for buyers. Whether you are looking for a fixer upper, a move in ready ranch or a lakefront property; Team Bailey is ready to accomodate your needs! Call Marigrace today at 317-709-6095!