The Indianapolis Star reports
that the average price of homes in the U.S. is steadily rising when
compared to where they were a year ago. The most recent data, from May,
shows a 12.2 percent jump from the 2012 averages.
For regular readers of this monthly newsletter, this is no surprise. There has been consistent good news on housing, like last month’s piece on home-sale agreements, or the 20 consecutive months
of home sale improvements. In many places around the country, and even
here in Central Indiana, it is starting to turn into a seller’s market —
though buyers can still find fantastic deals and historically low
interest rates.
After years of a down market, we are seeing signs of growth faster than we have in previous years. So what do you do next?
Well … it depends. If you’re looking to sell, now is a
great time to list. There are still a few months left of the peak buying
season, and if you move quickly, you can still show off your home with
green grass and beautiful landscaping. If you’re looking to buy, rising
interest rates should motivate you to contact me today and begin the
buying process, which includes determining the kind of home you need and
getting pre-approved for a mortgage. I even have lenders that I can recommend to you.
Even though the peak buying and selling season is winding
down, continued growth is showing that this year’s gains will continue
into fall and winter. But who wants to look for homes in the snow when
you can do so now in this beautiful weather? And if you wait until next Spring you will most certainly see higher interest rates.
Contact me today to get started.
No comments:
Post a Comment