I cannot believe it’s December 19th! What?! Where did 2014 go?
I’m busy preparing a 2015 business plan and researching what the real estate market is expected to be like next year – I’m happy to find good news!
Our 2013 into 2014 was busy with so many investors in our Indy metro market, many foreclosure homes being sold, and our home prices increasing what felt like overnight! This year, we had more moderate gains, and I think that’s good. Our housing market seems to have found the stride to gain back the equity lost starting in 2006.
It’s expected that in 2015 first-time buyers will step up – those living with parents, other family members, and renting will be ready for that move! Some lenders are loosening their credit restrictions to allow less for a down payment. Builders are expected to really pick up the pace in 2015, as well.
I am happy to report that the number of homes somewhere in the foreclosure process fell in September to te lowest level since before the bust.
This week, mortgage rates dropped again! Towards the end of 2015, the interest rates are thought to be closer to the 5% range – it’s amazing how much less your payment can be with the lower interest rate!
What are your plans for 2015 and beyond? If you’re thinking about buying or selling, let’s have a conversation! It’s never too early to get your ducks in a row by working with me – a professional!
By Jill Curtis, talktotucker.com/jill.curtis