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Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels according to many real estate industry experts. |
![]() All of the key metrics show positive gains except for inventory. ![]() Can we keep this up? In the U.S. spending has increased dramatically since the pandemic first hit. ![]() ![]() The unemployment rate is improving. The duration of unemployment levels above 9% that we recently experienced is far less than that of the Great Depression and Great Recession. ![]() ![]() Because of low inventory, this remains a sellers' market. ![]() The equity we have in our homes is also high. As of the 2nd quarter In Indiana, the average year over year increase in equity was 12%. ![]() ![]() The predictions for future home prices also remains very positive according to industry experts. ![]() The seller traffic index continues to show weak to stable signs because of the lack of inventory. ![]() ![]() ![]() The average days on market indicator continues to show good signs. ![]() Both Existing and New home sales in the Midwest are increasing. ![]() ![]() The increase in prices can really be seen when you look at the sales increases by price range. ![]() Year over Year Housing supply over the past twelve months indicates we still have a problem of low inventory levels. ![]() Buyer foot traffic is a good indicator for future sales and that has been increasing as well. The buyer foot traffic in Indiana remains very strong. ![]() ![]() Interest rates are at historically low levels making owning a home more possible than ever. ![]() ![]() ![]() ![]() Bottom Line: The real estate market remains strong and is helping to keep the economy moving forward. With home prices increasing, now is the best time to give me a call to discuss buying or selling because it does not appear we will see things getting worse in the foreseeable future. |
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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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![]() ![]() 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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