- The Lending Environment is still rather hostile.
- Sellers who want or need to move owe more than they can sell for.
- Even though the Rental Market is favorable, lenders make it difficult to "rent" out your current home so you can buy another (in a Move-up Situation) EVEN if you qualify w/ required debt-to-income ratios.
AND, the Supply is still rather high in Most Areas...
but, really its all relative to what neighborhood you are looking at & living in...
I live/work in the Zionsville, Carmel, Indy Northside...although, sales have been down, prices actually improved in Hamilton & Boone Counties.
Its really a good idea, if you have any inclination of Selling your home or buying a new one, consult a REALTOR, like me, to tell you what is going on in YOUR neighborhood. TRY NOT TO LISTEN TOO MUCH TO THE MEDIA--usually the statistics they give are on a National or Regional level, and things may actually be different in your backyard. Also, websites such as trulia.com & zillow.com often have dated and inaccurate info as well.
FOR MORE INFO ON YOUR NEIGHBORHOOD, give me a call or email : sshoup@taktotucker.com or 317-339-6141 cell/text.
Sometimes I think that the media has invented the "double dip recession concept".