TERRE Haute, Ind. (WTHI) - Buy or sell now. That's the word from Wabash Valley realtors.
Commercial and residential markets are booming for the nation and Indiana. And, it's no different here in the Wabash Valley.
Coldwell Banker's Troy Helman said any increase in the Wabash Valley is a good thing.
"Terre Haute and the Midwest [and] Indiana doesn't tend to have such highs and lows. When the economy's doing well, we steadily increase. When the economy's doing bad, we steadily decrease," said Helman.
Helman forecasts good numbers for this year.
Some realtors anticipate even higher percentages: a 5 to 6 percent increase from last year.
"This time of year's usually the slowest. December, January and February are our worst months out of the year. But they have been decent. So, that's why I'm pretty optimistic," said Helman.
Right now is neither a buyers nor sellers market.
Home prices should remain steady because the inventory is low.
When a good home comes on the market, priced accordingly, buyers jump on it.
Plus, the interest rates are near record lows. Most are at 3 percent or lower.
"I think the buyers are ready to buy…It is starting strong. It's stronger than I would've expected for this time of year…Terre Haute has a good economy. It has a good workforce, so I think the people that are wanting to buy are ready. And with the spring approaching, this is a good time to put your home on the market too," said Helman.
The housing market raised 3 to 4 percent in 2012. Realtors say that's the highest increase they've seen in years.
The warmer weather is a thing of the past, and it's expected to get worse.
Local Marines helped spread some holiday cheer today.
Terre Haute Police filed citations against one Terre Haute towing business earlier this year. Andrews Towing and investigators were in city court Friday morning for the first time.
Seven new Indiana Conservation Officers officially joined the DNR Division of Law Enforcement during graduation ceremonies Friday at the Indiana Government Center South.
TRAFFIC ALERT: Martin County Deputies are requesting travelers to avoid U.S. 231 north of Loogootee. Due to many slide off accidents, traffic is backed up over a mile in several places
Right on cue, Thursday’s early winter storm dumped snow and ice on the Wabash Valley but county highway crews were a step ahead of the weather’s arrival pre-treating the 897 miles of pavement in the county.