You’ve got to be careful if you get your news from a national media outlet. While January national home sales were the weakest in years, Central Indiana continued on a very strong path. Pundits blamed rising mortgage rates and low inventory as the reasons for the weaker national sales. It’s true that rates have been creeping up slightly— BUT they are still amazing by any historical perspective. Think mid 4’s right at the moment. I mean, since when was 4% a bad mortgage rate? Come on now!
The experts say “Real estate is local”- and they are correct. Here in Central Indiana, Closed Sales were up 5% over January of a year ago. And up 4% for the past 12 months. Obviously more people are buying homes in our neck of the woods.
Want help getting the lowest rate and buying successfully in this tight market? Easy— call me! “I work harder to make good things happen!” -Bob Morris