Indianapolis Real Estate = Good Buy

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A former client of mine, thanks Steve, sent me this article about the Indianapolis real estate market being one of the best places for savvy investors to buy houses right now.  Amid the doom and gloom you hear on the nightly news about the “mortgage meltdown” and the real estate bubble bursting, us Hoosiers are sitting pretty good according to CNN and Moody’s.  According to them, we rank number 2 as the best places to pick up a good deal on a house. 

They are projecting an increase in the median sales price of 6.3%; and that is metro Indianapolis.  I think we will see a greater increase than that in some of the more affluent and desirable areas such as Carmel, Fishers, Noblesville, Westfield, Zionsville and Geist. 

I am telling you…right now is a great time to buy Indianapolis real estate.  Sellers are desperate, you can pick up a house at a great price, and we are just around the corner from a much needed upswing in the market.   

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Date: Wednesday, September, 26th 2007 @ 03:20:43 PM
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This blog entry currently has 2 comments posted.

Richard

Its good to know that there are still some good real estate markets out there.

Posted on 2007-09-27 12:06:35

Barry Cox

Sounds great. If you happen to come across the barrage of investors that were in AZ the past few years, make sure to tie them up. You can keep them. Our market is a little slow right now, but I prefer things to be a little more mellow as opposed to a couple of years ago when investors were picking up everything that came on the market.

Posted on 2007-10-03 05:28:18

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