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OR BUY A HOUSE - REAL ESTATE
EXPERTS SAY "NOW" IS THE
TIME.
NEWS 10'S GINA GLAROS FOUND OUT
WHY THE INDUSTRY IS ON THE
COMEBACK.
" AFTER 49 YEARS, RAY RICKERT IS
SELLING HIS HOME IN TERRE HAUTE.
"IT'S BEEN ON THE MARKET SINCE
VERY LAST OF AUGUST, AND
IT'S SOLD." RICKERT ISN'T THE
ONLY
HOMEOWNER...WHO'S HOUSE IS OFF
THE MARKET...AS QUICKLY AS IT
WENT ON. BRIAN CONLEY OF CONLEY
REAL
ESTATE APPRAISALS SAYS ON
AVERAGE...HOMES
ARE SOLD IN LESS THAN 3 MONTHS.
"I THINK THE ECONOMY IN THE
U.S. IS TRENDING UP SLOWLY,
PROBABLY MORE SLOWLY THAN
WE'D LIKE IT TOO, AND I THINK
THAT'S REFLECTED IN
OUR NUMBERS TOO." CONLEY'S
SALES ARE UP BY ABOUT
4 PERCENT OVER LAST YEAR ..WITH
10 PERCENT FEWER HOMES.
CONLEY SAYS, IT'S A BALANCED
MARKET... WITH AN EQUAL
NUMBER OF BUYERS AND SELLERS,
BENEFICIAL TO
BOTH. PLUS, INTEREST RATES HIT
AN ALL TIME LOW...BETWEEN 3 AND
4 PERCENT.
"IF YOU'RE QUALIFIED TO BUY A
HOUSE AND YOU KNOW THAT
YOU'RE GOING TO BE IN VIGO
COUNTY OVER THE NEXT 3 OR 4
YEARS, THEN BUYING IS CERTAINLY
THE OPTION THAT YOU
SHOULD BE LOOKING AT." DESPITE
NATIONAL SALES DIPPING LAST
MONTH, LOCALLY, VIGO COUNTY IS
UP, CONLEY'S
AGENCY SOLD ALMOST ONE THOUSAND
HOMES LAST MONTH.
"WE DON'T HAVE THOSE DEEP
VALLEYS AND STEEP
MOUNTAINS THAT YOU'LL SEE IN
OTHER HOUSING MARKETS, WE RAN
BASICALLY FLAT, AND I THINK
THAT'S NOT SO BAD."
THAT'S WHY HOMEOWNERS LIKE
RICKERT REMAINED
POSITIVE IN FAIR CONDITIONS LIKE
THESE.
"THEY TOLD ME THEY WERE GOING TO
LOOK AT SOME OTHER
PROPERTIES, BUT I'M NOT SURE
THEY DID.
IN TERRE HAUTE WITH
PHOTOJOURNALIST CODY MURPHY,
GINA GLAROS, NEWS 10. "
EXPERTS SAY THE HOUSING MARKET
USUALLY DIPS WHEN
SCHOOL STARTS..BUT THAT WASN'T
THE CASE THIS YEAR.