North Eastern Group Realty assists Navistar employees with their relocation needs

MSI International has selected North Eastern Group Realty as a Preferred Broker allowing us to assist Navistar employees with their relocation needs. Many of the seasoned agents at North Eastern Group Realty have worked with Navistar employees to meet their real estate goals throughout the years, and although we are sorry to have them relocating out of the Fort Wayne area, we are pleased to be able to offer them the service they deserve during this transition.

North Eastern Group agents strive to build lasting relationships with our clients and treat them as clients for life instead of transactions. North Eastern Group Realty is changing the way northeastern Indiana views real estate with real knowledge, proven performance and professional, quality service.

Visit our web site to contact an a approved Fort Wayne Realtor today!

North Eastern Group Realty is changing the way Fort Wayne views real estate

North Eastern Group Realty is changing the way northeastern Indiana views real estate with real knowledge, proven experience and first class professional service. The current real estate market is competitive and sellers need knowledgeable agents who can help them sell their homes quickly and for the greatest possible price. Buyers need agents who have the experience to navigate the current mortgage mess and find the perfect home for their needs.

At North Eastern Group Realty we recognized 3 years ago when we started our real estate company that clients and agents were in need of a first class professional real estate company. Not only have we sought out the best REALTORS in the area, but we continue to invest in our REALTORS with educational opportunities and accountability groups. The real estate market is continually changing and our REALTORS are committed to continual improvement to meet those changes.

If you need help navigating this challenging real estate market, call a North Eastern Group REALTOR today! Contact us or search Fort Wayne Homes for sale.

Fort Wayne Housing Market Updates

Although most indicators show a decrease from the same time period in 2010, these same indicators are actually ahead of 2009. This is important to remember as the first time home buyer tax credit distorted the first half of 2010.

 

Inventory is decreasing  to levels lower than those seen since 2006, and there are currently 7.9 months of inventory for sale which continues to decrease as well .

For full report click here

There are many factors that affect how quickly a home will sell and for what price. Only a full time, professional REALTOR like those at North Eastern Group Realty, can help you make the real estate decisions that are best or your individual situation. Let North Eastern Group Realty show you how we area Changing the way northeastern Indiana views real estate with real knowledge, proven experience, and professional quality service.

Contact us or search Fort Wayne Homes for Sale at NorthEasternGroup.com.

NEW PERRY TOWNSHIP COMMUNITY COMING SOON!

The North Eastern Group moves ahead with a prestigious new Perry Township development! Hawthorne Park Estates will be located just north of Hawthorne Park and will be the perfect location for your dream home.

 

Perry Township has always been a popular choice for home buyers and the Parkview North Hospital expansion has driven demand even higher. 

 

Watch for more information to come!

Housing Shortage on the Horizon?

Mike Castleman, founder and CEO of Metrostudy, which tracks real-time data of the country’s inventory of new homes, says a housing shortage is looming that will soon will create a huge surge in demand for new homes. As such, now is the time to buy, he says.

In the 41 cities Metrostudy covers, 78,000 houses are either vacant and for sale, or under construction that is less than a quarter of the new homes that fell in that category during the housing boom in 2006 and way below the level of a decade ago.

“If we had anything like normal levels of buying, those houses would sell in 2½ months,” says Castleman. “We’d see an incredible shortage. And that’s where we’re heading.”

The historic drop in new construction mixed with the decline in housing prices is laying the foundation for a dramatic recovery in residential real estate, Castleman told CNN. Castleman expects home owners soon will start returning, which will drive up prices in many markets later this year.

While demand remains low for new construction, he expects that to change. He foresees the recovery following a similar path as previous ones: A severe housing shortage will drive a big increase in demand.

“We’ll get a big surge in demand and the drywall companies will take a long time to ramp up, and it will take years to get new lots approved,” he predicts. “Buyers will show up looking for a house in a subdivision, and all the houses will be sold. The builders will tell them it will take six months to deliver a house.” But they’ll want the house so bad that they’ll “bid the prices up.”

Source: “Real Estate: It’s Time to Buy Again,” CNN (March 28, 2011)

North Eastern Group Realty selects Showing Time Appointment Center

North Eastern Group Realty is pleased to announce that they have partnered with Showing Time to provide better service for our clients. Having an appointment desk available from 8am to 11pm, 7 days a week to schedule and confirm showings significantly increases the opportunities for our listings to get sold! Our agents can then focus on marketing properties and assisting clients to navigate the home buying and selling process rather than scheduling showing appointments.  

North Eastern Group Realty is Fort Wayne’s newest and fastest growing real estate brokerage. We are constantly striving to improve the real estate experience, utilizing the latest technology and making first class customer service our standard.

Call a North Eastern Group REALTOR® today for assistance with your real estate needs.

Gen X Buyers to Lead Housing Recovery

Generation X adults ages 31 to 45 are expected to lead the recovery in the housing market, according to real estate experts in a recent webinar produced by the National Association of Home Builders. During the event, speakers highlighted results of a survey of 10,000 buyers in 27 metro areas.

While Generation X isn’t the largest population group making up 32 percent of the population compared to 41 percent of baby boomers it’s the most mobile age group, says Mollie Carmichael, principal of John Burns Real Estate Consulting in Irvine, Calif., the company that conducted the survey.

“They are in full force with their careers, and they need to accommodate growing families,” Carmichael says.

This generation is coming with their own set of house preferences that may differ from other generations. Even though home sizes continue to shrink, first-time buyers and younger families are looking for more room to grow, Carmichael says. Nearly 50 percent said they prefer a home with a large lot and in a suburban development. Only 21 percent said they are looking for a traditional or “walkable neighborhood,” according to the survey.

“They want something compelling, from a design or personalization standpoint,” Carmichael says. 

And many want “green,” energy-efficient features, too. Regardless of age group, 70 percent of buyers said in the survey they are willing to pay $5,000 more for a home with “green” features.

Most buyers also said they’d be willing to pay a premium for such housing characteristics as dark wood cabinets, a separate tub and shower, and a fireplace in the living room.

Source: “Young Home Buyers Will Lead Housing Market Recovery, Says NAHB,” National Association of Home Builders (March 17, 2011)

Get the Lastest Market Data for Fort Wayne Homes for Sale

Watch the latest video market update for Upstate Alliance of Realtors: 

Fort Wayne Homes for Sale current market data

 

Search all Fort Wayne Homes for Sale

Double-Dip? Not Likely

There are reasons to be optimistic that a housing recovery is just around the corner.
         David Crowe, Chief Economist for the National Association of Home Builders (NAHB), said in regards to housing production, “This past year will come in barely over 2009, which makes 2010 second to 2009 as the worst year since the 1930s and both years were about half the previously recorded low. The expansive building of 2004 to 2005 has been more than compensated for, and 45 states are now below their long-term demographically driven production levels. The NAHB estimates that cumulative single-family production is now 3 million homes under the long-term need.” 
         The NAHB estimates that “as many as 2 million households remain in roommate or parent situations waiting for more promising economic conditions to form their own households. Thirty-somethings cannot continue to live in mom’s basement.”
       Crowe also points out that the overwhelming number of distressed (short-sale or foreclosure)  properties that have sold recently have negatively impacted the current price index. The good news is, however, that he believes the “budding housing recovery will not be a barn burner, … but the underlying five-year dearth of construction while the population grew and matured is a compelling reason to believe that it must arrive”.
 
Find your Fort Wayne Realtor to help you navigate the market.

Brad Noll contributes business tips to National Real Estate Magazine

Brad Noll (Nov 2010)

Brad was selected by Buffini & Company Magazine to contribute to their Idea Exchange section with other Top producers around the nation.  Brad shared about his client parties and how they have helped him enrich relationships with the clients in his database.

 

Thanks Brad for being willing to help your fellow REALTORS grow their business by sharing your successes! And thanks for being a great example of how North Eastern Group Realty is “changing the way Fort Wayne views real estate”!