Goodbye 2008 and welcome 2009! I don't think many people are sad that 2008 is behind us. Unfortunately, it holds many records, which no one wanted to see, however 2009 is here most experts are predicting the housing market nationally should have started to recover by 3rd quarter 2009. Indianapolis is still predicted to start its comeback in the spring of 2009.
Personally, I've seen activity marked pick up already this year for the first time since the fall market. Interest rates are lower still with a 30-year conventional fixed rate with no points and 5% down of 4.75% on Thursday of last week.
Clearly, these are unprecedented times. First-time homebuyers are getting unbelievable deals with some of the largest inventory, very motivated sellers, and low interest rates--all at the same time. That is typically unheard of. If you are a first-time home or move-up buyer, this is the time to get in the market and take advantage of a market most-likely none of us will see again.
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