Optimism is the overwhelming attribute you’ll find when speaking with anyone in Indianapolis Real Estate. At Estridge, a strong finish to 2008 with increased activity in December from both future homeowners and real estate partners has led to lots of excitement and activity in our neighborhoods. We are beginning 2009 starting a lot of luxury home building around Indianapolis and that activity is breeding even more.

 

Incredible interest rates are helping build consumer confidence and a steady decrease in Central Indiana housing inventory throughout 2008 suggests a correction of local housing. While Indiana’s market was never affected as severely as most of the nation’s, all of the excitement is creating a stronger optimistic outlook throughout the industry than was experienced at the beginning of 2008.

 

In the FC Tucker 2008 market analysis, James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division stated, “I believe efforts to reform the nation’s lending practices will strengthen consumer confidence in 2009. Moreover, Central Indiana continues to have a strong economic base of business activity and one of the steadiest real estate markets in the nation. I am optimistic that we’ll see improvement in 2009.”

 

According to panelists from Indiana University’s annual business outlook, Indianapolis should see more positive numbers for Indianapolis in the fourth quarter. Our market could rebound more quickly than other U.S. cities, primarily due to our nationally recognized affordability.

 

We are definitely looking forward to 2009 – how about you? What have you experienced lately?

 

 

Read more from the 2008 market analysis.