Is the National Real Estate Market on Bubble?
Many media organizations have recently reported that the national real estate market is currently a “bubble.” & it has been reported that there are some strong rumblings of this being said there.
Now, there have been some real estate markets, particularly in Indianapolis, which have indeed seen their property values drop dramatically & that a “bubble” is forming.
But in this case, a “bubble” or a “warming up” would require a complete change in economic & financial landscapes.
For example, there are no more houses sitting empty, as they were in some areas in Indianapolis.
These empty houses are now being bought & sold by investors.
Renters are now more able to move & purchase homes that were, for many years, older & cheap and meant for renting and not being used.
Yes, some buyers are from out of state. They are relocating & buying homes.
They also are part of a new trend that is changing the way Indianapolis communities buy & sell homes, i.e., buy & rent with an option to own.
While there are some neighborhoods in Indianapolis where that has not always been possible, that is changing as well.
And it makes sense, because, there weren’t nearly as many Indianapolis cash home buyers a few years ago to sell as there are in recent months & so they are looking for new homes.
This, in turn, is creating an increase in demand & appraisal value for new homes. So the consequence of all this is an increase in the value of Indianapolis real estate.
And what about the Indiana?
This large mall is a major sight & central location in the community, and a week it is open, thousands more people will stroll through it like a madman!
New homes are going up & new businesses are picking up their steam, & real estate values will increase for individuals who live there.
Lakeside is not the only example of an uptick in the community.
A new coat of paint is being painted on the exterior of almost any visible building in almost any visible location in Indianapolis, & those paints aren’t coming cheap & when those paint colors are gone, homes will lose their value & owners will lose value.
You have to realize that Indianapolis is unique among states for its huge & growing population of residents who would rent homes rather than buying them.
Since so many love to rent & give up their large home in favor of smaller, less expensive homes & the likelihood is high that renters are significantly increasing the demand for homes in Indianapolis.
Finally, home remodeling & development is wide & varied enough in Indianapolis there are many options for travelers in search of a home to buy upon their arrival into Indianapolis.
New residents & visitors are flocking Indianapolis because they know that if they have a residence where they can become acquainted & comfortable to call home.
They will have a better chance of settling in & realizing their goal of finding someplace they can call their own, to remedy the relocation blues.
They’ll want to make sure a lot of open spaces & “not at home at comfort” areas are easily found in Indianapolis.
For sellers, they have been seeing a lot of visitors; who don’t even need to go through the hassle of closing on a house. If you’re a seller, you won’t have to wait at all.
You’ll get several calls very day from interested buyers asking about your property & you won’t have to make time to field all these calls and show your property.
And as a bonus, you’ll have a lot of folks who are very anxious to buy & the chance of getting multiple offers on your home will be much greater.
One last thing, after they’ve settled in & began to enjoy, finding a job & moving in the end result of all this, providing these people are in your area, you’ll have regular advertising to reflect this new & sustainable twist in the long term layout of your business.
We buy houses Indianapolis, IN, & all surrounding areas. If you need to sell your house fast Indianapolis connect with us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose 🙂