March 1, 2012
Northwest Indiana real estate has seen its worse days in my opinion. I have worked in this industry for over 25 years now and we have seen several ups and downs in the market. Of course nothing like the last 3 years, but things are looking up. With financing still an issue in some cases, the USDA loans have been a blessing to so many families that would not have been able to buy a home otherwise. This program has changed so much over the last 25 years. For the good and the benefit of so many families in rural areas. The Department of Agricultural is who is responsible for this program.
Prices of homes are still at an all time low, but that is great for the buyer. The sellers have come to the realization that it is going to take time to recover. I dont think we will ever see the 5 and 7 % increases in a year that we had seen, but we will have the natural progression of a normal 1 to 3 % after the economy starts moving.
Now I will ask a personal favor. When you go to the voting booth. Please vote for the person you feel will create jobs. We have got to focus on putting cash back into the economy and the only way that will happen is if Government stops getting larger, and puts that money toward building infulstructure across our nation.
For more information on anything mentioned in this blog. Feel free to call me
Have a great week
Barb Morgin ABR, CRB, CRS, GRI