Morgan Fitzgerald Page

INDIANAPOLIS – Month after month, Central Indiana housing inventory steadily declined during 2008, with November showing a 13 percent drop, or 2,513 fewer homes on the market, compared to the same time last year, according to active listings statistics compiled December 8 by F.C. Tucker Company. Of the nine counties Tucker tracks, Hendricks County showed the largest decrease in inventory at -19.6 percent.



“As the number of homes available reaches a six-month supply in 2009, we will… Continue

INDIANAPOLIS – October housing statistics point to continued opportunities for buyers to take advantage of lower housing prices across Central Indiana, while a decrease in available inventory reduces competition among sellers, according to pended sales statistics compiled by F.C. Tucker Company.



“Contrary to perception, mortgage money is widely available and rates are quite good. Combined with a steady demand for housing, we are seeing the number of homes for sale in Central Indiana… Continue

INDIANAPOLIS – Indiana continues to ride the real estate tide, as indicated by an increase in home sales in several more central Indiana counties in September, while maintaining an overall year-to-date decline compared to the same period in 2007, according to pended sales statistics compiled by F.C. Tucker Company. In last month’s Tucker report, two counties saw an increase in sales on a year-to-date comparison. Another bright spot in the central Indiana real estate market is the continued… Continue

Most of you have probably heard about the Housing and Economic Recovery Act of 2008 that was signed yesterday by President Bush. The act created a tax credit to provide an incentive for first-time homebuyers. The $7,500 credit will be available for the purchase of a principal residence on or after April 9, 2008 and before July 1, 2009.



Only first-time homebuyers are eligible for the credit. A first-time homebuyer is defined as an individual who has not had an ownership interest in a… Continue

Here is an opion piece run in the May 6th edition of the The Wall Street Journal that indicates that we are at the bottom of the cycle. See the link "The Housing Crisis is Over". According to CYRIL MOULLE-BERTEAUX, the article clearly shows that affordability is what drove the bubble to burst. Now that priced have dropped 10-15%, homes on average are back to being as affordable as during the best of times in the 1990s.