After a falling over 66% from 2003 to 2008, building permits show signs of stabilization again in 2011. Permits have remained fairly steady for the last 3 years, coming in at 679 in 2009, 662 in 2010 and 680 in 2011. Inventory of homes for sale has fallen steadily since 2007 and available new construction homes for sale has fallen even more rapidly due to the low permit numbers just reported. This will position builders well as the market improves. Most experts expect new home sales to be on the rise.
At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.
House Bill 1102 Real estate brokers (Davis R-Portland) introduces legislation that will significantly alter real estate licensing requirements in Indiana. The passage of this legislation will positively impact the real estate industry in Indiana, elevating it's professionalism by raising the barrier to entry and increasing continuing education requirements. Provides for the licensure of real estate...
The National Association of REALTORS® reports that pending sales have it a 19 month high! This is great news for everyone who is weary of the market we have faced for the last several years. To read the entire article click here. At North Eastern Group Realty, we are prepared to assist our clients with their...