Spring 2014 - A Great Time to Jump into the Market!

Spring 2014 poses to be a strong real estate market in South Central Indiana.  There is currently good demand for housing with many available jobs especially in the Seymour and Columbus marketplaces.  Interest rates continue to hover in the high 4% range making it very affordable to live.  The property tax rates in Jackson and Bartholomew counties are quite reasonable when compared to counties like Hamilton or other areas of the country.  The supply level makes it a very good time to sell as most sellers will experience increased values, this past year our area experienced approximately a 11-12% increase in home values compared to the prior year.  The latest reported unemployment rate in Jackson County is 5.7% and for Bartholomew county 5.1%.  The current state rate is 7%.  Jackson County is experiencing lower unemployment than any of its surrounding counties with the exception of Bartholomew. 

Of course, this is an election year and interest rates are anticipated to move into the 5% range by mid-year.  If you are remotely thinking of selling or buying, you should seriously consider jumping into the market.   For additional information, please contact Rob Millman.