March 2019
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March 2019 |
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New Listings up 4.7 percent in January to 2,600 Pending Sales up 17.1 percent in January to 2,595 Median Sales Price up 7.5 percent in January to $169,900 [Read More] The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This sellers market has driven home prices to new heights. Home price appreciation averaged over 6% across the country. However, home price growth has recently started to cool down. The latest report from CoreLogic shows that home prices have only risen by 4.7% over the last 12 months. Many buyers and sellers planning to enter the housing market this year have started to wonder if we are headed towards another housing crash. Ralph McLaughlin, Deputy Chief Economist at CoreLogic, recently stated in an interview, There is no reason to panic right now, even if we may be headed for a recession. We are seeing a cooling of the housing market, but nothing that indicates a crash. The real elephant in the room here is housing supply. As more renters looking for their piece of the American Dream enter the housing market, demand for housing will continue to grow. The Joint Center for Housing Studies at Harvard University estimates over 30 million new households will enter the market from now through 2040. There is the natural life cycle of young people getting older and starting to do adult life things which include buying a house and that is a lot of potential inertia that could last indefinitely. Bottom Line Home prices will start to appreciate by historical norms as we continue to head towards a more normal market, rather than the over 6% seen over the course of the last couple of years. This is great news! Homeowners looking to sell their home will have buyers, as more buyers will be able to afford them! |
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Current Listings |
 Fountain Square - $209,900  Plainfield - $284,900 - Now Pending  Zionsville - $497,900 - Now Pending |
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Do You Know Someone Looking To Buy or Sell? |
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It is a common misconception that a real estate agent primarily learns of someone looking to buy or sell a home when someone simply calls an agency looking for an agent to help them. Although this can happen, it is very rare. In fact, over 80% of the referrals I receive come from past clients and past coworkers just like you. The other 15-20% of referrals comes from our national network of relocation companies and other Coldwell Banker agencies across the country. The greatest compliment I can receive is when someone like you refers me to a friend, coworker or family member of theirs. If you, or someone you know, are looking to either buy or sell a home then I would certainly appreciate the opportunity to earn your business. Do you know of someone looking to buy or sell a home?  |
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Contact Brad Gough |
Bradley Thomas Gough Associate Broker  12401 Old Meridian Street Carmel, In 46032 Email brad@btgough.com Mobile (317) 590-3571 Office (317) 844-1131 Website www.btgough.com      |
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Charities Supported |
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There are so many great charities out there that and it is very hard to decide what to donate to. My wife Elissa and I have been very fortunate and have a good life. We simply can't donate to everything, however, we are very passionate about several different causes. We are sustaining members for the following organizations and encourage each of you to donate in any way you can to a cause that you are passionate about too. 
The American Society for the Prevention of Cruelty to Animals 
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