Confidence Rising Among Real Estate Pros
A recent study conducted by Market Leader shows a large increase in market confidence among real estate professionals with home values and transactions believed to increase in 2013. But what does it mean for Indianapolis Indiana real estate?
What does increased confidence mean to Indianapolis Indiana real estate? Real estate Indianapolis professionals like the leaders at Ala Carte Realty advice anyone on the fence about buying a home that now is the time to act. Prices nationally and on Indianapolis Indiana real estate are expected to see an average jump of 28 percent over last year's numbers. A benefit to the Indianapolis Indiana real estate market is a growing population. More people are expected to move to the area to enjoy low cost of living and a positive long-term economic outlook.
Another strong sign for a real estate rebound is increases in construction on new homes. Over 75 percent of the real estate professionals surveyed expected construction on new homes to increase this year. The National Association of Realtors report that December 2012 saw a 54-month high for new construction starts. The nation's largest homebuilder, D.R. Horton also reported net home orders were up over 38 percent during the fourth quarter of 2012 compared to the same numbers from 2011.
Active Rain members have been the predictors for a number of previous real estate trends. A similar Market Leader survey last year correctly predicted the bottom of the Indianapolis Indiana real estate market and national market. And in 2013 over 80 percent of those surveyed believe that real estate values and transactions will increase over 2012's numbers. Just last year over a third of those surveyed forecasted declines. Real estate Indianapolis professionals surveyed do not expect declines in 2013. In fact, according to the survey, no market in the nation is forecasted to see home values decline.
If you are thinking about buying a first home, or a new home for you or your family now is the perfect time to take advantage of what is expected to be a shrinking market. Ala Carte Realty is the leaders in Indianapolis Indiana real estate and we are here to help you with your needs. We have listings that are sure to fit your needs. For more information about real estate Indianapolis follow us on Facebook at http://www.facebook.com/AlaCarteRealtyIndy.
Read the full report of the Market Leader study here: http://www.realestate.com/advice/real-estate-market-is-back/
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