Southside Housing Alliance

“…Property Taxes are very reasonable – some of the lowest in the country. Construction costs to build a new home are down. Our home values haven’t taken a major drop here in Indiana…”

“…The central Indiana market has generally not had the highs and the lows that have been experienced in other regions of the US. Now is the time to act as pricing and rates will definitely not remain as they are today…”

“…2008 was also one of the largest transactional years in history, a fact that is often neglected in the media…”

“…A home is a good investment in any economy. And right now, there are lots of good reasons to buy. Mortgage money is available, and interest rates are low. Some down payment options are even as low as 3-1/2 percent…”

“…As part of the housing bill, Congress has created a new, temporary tax credit to provide an incentive for first-time homebuyers. The $7500 tax credit will be available for the purchase of a principal residence on or after April 9, 2008…”

“…2009 is expected to produce an additional 6.6 percent increase in home sales. 2009 will be among one of the strongest transaction years in history…”

“…Current market conditions make home buying attainable for many local buyers. And a coalition of Southside and Johnson County REALTORS is working to ensure that that message isn’t lost in the noise of the national financial news…”

“…in this buyer’s market, house hunters can afford to take their time and make a choice they are fully comfortable with…”

Chart of American housing values going back to 1890. “…If you track the value of housing over time you see a positive trend. The chart presents housing values over 116 years, …”

“…This is an excellent time to take advantage of market conditions that are ripe for buyers. Home inventories are up, giving buyers lots of options, and mortgage rates are low, with traditional money readily available for most consumers…”

“…in 1978 when the recession of that time was getting started. It was nothing like this. We had interest rates at 18% and construction lending at 21% and we were still building homes…”

“…which means the average American family not only can afford to purchase a home, but also will have excess money for living expenses…”