For Immediate Release
January 16, 2009

Southside REALTORS unite to promote positive market news
Community outreach initiative showcases low rates, regional points-of-difference

Indianapolis – 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.

“A home is a good investment in any economy,” said the coalition. “And right now there are lots of good reasons to buy. Mortgage money is available, and interest rates are low (around 5%) with down payment as low as 3 1/2 percent.”

The coalition was disheartened at the end of 2008 by the rift between what is being reported in the national news and what was happening in the local market. So they crossed agency lines and shelved competition to create a collegial network of local housing experts aligned to promote the good news about the local market.

By the numbers, the current market is ripe for buyers. Home inventories are good but down from earlier this year and the same period a year ago. This still gives a home buyer a wealth of options affordable to everyone from first time buyers to down sizing empty nesters.

Buyers have the potential to find great home values and with the reduction in property taxes of 20% or more, the affordability has never been better. First time home buyers have a great opportunity to utilize the $7,500 tax credit if they act before June 2009. Now really is a great time to buy a home across the board.

For more information in the local housing market or updated daily statistics, call a REALTOR today.