Good Monday Morning!
There was a lot of news late last week about the state of housing "Turning the Corner," while this is probably true, I want you to remember that housing trends, pricing and absorption are local. Sometimes the media loses sight of that fact; talking about national housing prices is the equivalent of talking about the average temperature of the United States, some places are hot some are cold. As I've said before, we won't know that we are truly at a bottom until it's too late. I think we are on the up-swing due to the number of showings, advertising calls and overall buyer activity in our market; further, inventory is significantly diminishing and over the past few weeks we have seen a number of multiple offer scenarios. The real test for our housing market will be this Fall, how high will rates rise, will the first time homebuyer stimulus be extended, there are a number of variables that we just do not know about...stay tuned.
Last week 82 homes went under contract in Hamilton County and 241 were contracted in Marion County.
BIG NEWS:
We have been working for months developing a proprietary
Home Search System. It is here. Now, anyone can search all homes for sale based on their own criteria. Search by address, city, zip, map, neighborhood and the list goes on. Please use our site, you can even create your own user ID and password where you can create your own search criteria and save homes that you like. Remember, we will never sell your information. Over the coming weeks we will be adding enhancements and more search options, if you have any feedback, please let us know.
Make it a great week!
And Here's Your Morning Coffee!