What does the 2016 Indianapolis Real Estate Market look like?

What is the outlook for our local 2016 real estate market?  As an agent, I don’t have a crystal ball, but I do have numbers and studies of market experts providing indicators to make our best guess of the direction of the local real estate market for this year.

Last year was more of a Seller’s Market — meaning the demand for homes was usually higher than the inventory of homes for sale. We move into 2016 with the same low inventory and this results in multiple offers on lots of the homes in some areas and the final sales prices being closer to or above asking price.

It was not and is not an all out Seller’s Market, Seller’s cannot name their price, remember, a home’s value is determined by what someone will pay for it – listing a $200,000 home for $300,000 will not get you $300,000, even with low inventory.  With the tightening of federal regulations, lenders being pickier and appraisers being closely scrutinized, the likelihood of a repeat of past history is not there.

The Federal Reserve has not raised the cost of borrowing in nine years. The economy is picking up and experts predict they are likely to begin gradually raising the interest rates. Most agree that sometime in the first quarter of 2016, we will see the increase start.  Rates are still at historic lows at the moment so buying now is a smart move if you are on the fence…and you should call me to do it!

Still renting?  It is actually cheaper to buy than rent in most areas of the country including ours. Rental rates are increasing at a fast rate. Concerned about your credit score?  Have limited funds?  or just afraid to find out? You’ll never know until you try, I have several lender partners that I am happy to have you talk to…remember, all discovered is confidential and they will not share your financial information, but are always happy to help you create a plan to work through the issues and get you ready to buy a home!  . Wouldn’t you love to stop throwing money away on rent?

After 10 to 15 years of a wild ride in the real estate market, analysts are predicting that “normal” is returning slowly but surely. Distressed  (bank owned, shortsales, forclosure) property sales are finally dropping instead of being a huge part of the housing market. New construction is on the rise again and home prices are rising at at a more normal rate.

2016 should be another busy year in the Indianapolis market. If you have been thinking of buying or selling, now is the time to do it. Take advantage of the lower interest rates if you are a buyer. Sellers jump in the market while inventory is still low.  Just let me know what I can do to help!

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Vicki Reed

What inspires you EVERYDAY?

Reading the news online (I refuse to watch it and allow it to take up a lot of my time, but I like to know what’s happening around me), our schools are being threatened, our stores are being robbed, homes are being invaded and people are being murdered…not only in the Indy area, but around the country and around the world.  How do you get up everyday and continue living your life in a POSITIVE fashion against such negativity?

For me?  Well, limiting my news intake helps!  As I mentioned in a post last week, I have big goals this year and at the end of the year took a class that helped me bring clarity to my goals and my life and Clarity is Power!

Today as I sit in my attic office, staying out of the cold and snow, I am pondering how to get the best out of this year, the first BOLD Law that jumped out at me this morning is Come from Contribution – what do you contribute to others?  Not necessarily monitarily, but of your time, your experiences…

In 2015, I had the pleasure of being introduced to Michael J. Maher, author of The 7 Levels of Communication, and through him, introduced to the Generosity Generation (Gen-Gen for short).  Between the book, written about a real estate agent and mortgage lender, the concepts can be used in many sales driven fields.  It takes us back to getting off the computer and back out into meeting people face to face and the joy of writing (yes writing…not typing) hand written notes!  It really is nice to get the mail and get something that isn’t bills or junk mail.  I encourage you to pick up the book (click here to link straight to the page on Amazon!) and think about how you live your life and run your business.

Here is to a successful 2016!

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Vicki L. Reed

Oh what a night…

March Madness…I know, it’s only January, but last night, in addition to seeing a tough fought game between Indiana University (IU) and Wisconsin, I had the honor of watching the celebration of the 1976 UNDEFEATED, NCAA Men’s Championship Team and the unveiling of a new banner at Assemby Hall!

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I know everyone in the audience was hoping to see the legendary Bob Knight walk onto the court, but if you know anything of his reputation…you know he wasn’t going to show…but you could feel his presence.

Knight was there when all those players from that magical team sat in a row and talked about the team, the season, each other — and couldn’t stop talking about the man who brought them together and unleashed them on the unsuspecting world of college basketball.

Assembled were all manner of members of Knight’s 1976 program. Trainers, assistant coaches, student managers. A woman who sang the national anthem. More than 40 people were invited from 1976, and all but a handful came. Nine of the 12 players still alive returned — Buckner, May, Benson, Wilkerson, Tom Abernethy, Jim Crews, Wayne Radford, Jim Roberson and Scott Eells — and the three no-shows expressed their regrets. Jim Wisman is in Europe, IU athletic director Fred Glass said, and Rich Valavicius and Bob Bender had previous commitments. (Mark Haymore died in 2004.)

What a fun night and so blessed to have this memory (thanks Elizabeth for getting Mary the tickets for Christmas and thanks Mary for taking me along!)…I mean, I was young when this happened, but still remember watching the season and being amazed by this feat…others have tried, but none have yet to accomplish…Go Hoosiers!

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Vicki Reed

 

First Business day of 2016!

What are you doing to make 2016 your most successful year?  I don’t mean just business, but life!  I am so blessed to be part of Keller Williams, our value system is God, Family, then Business…and our mission is To build careers worth having, businesses worth owning, and lives worth living.  It’s not all about real estate, it’s about funding our perfect life.

I know I have posted about BOLD – Business Objective, a Life by Design – before and recently I completed the class for the third time!  Yes everyone, I am a 3 time graduate of BOLD…and I fully expect to take it every opportunity I get!  Taking it during the 4th quarter of 2015 has helped me bring clarity to what I want to accomplish this year as well work on my habits…both good and bad….

Part of BOLD is the BOLD Laws – I have them framed and on my desk at home and at the office…heck, I even have them hanging in my bathroom! They are truly simple ways to keep me focused…I will share my thoughts on these throughout the year and I am truly focused on making this my best year in Real Estate…and my best year in LIFE.

How are you going to create your Best Year?  In business, in life…Share your thoughts!  Let’s make this our best year ever!

Best year ever

Vicki Reed

What to do for New Year’s Eve????

I  can’t believe another year has come and gone!  Are your plans all set for New Year’s Eve?  Here’s several options, some for those with Kids and others for the Adults only!

For Kids

Countdown to Noon at the Children’s Museum is a great way for your little ones to feel like they get to celebrate too!  There are plenty of activities and music from Grammy-nominated musician Zak Morgan!  You’ll receive hats and festive favors as you countdown to the New Year!  This event begins at 10:00 am!

New Year’s Eve Early Balloon Drop at the Incrediplex! You’ll have access to the entire facility and participate in the early balloon drop, face painting, raffle, unlimited access to the bounce and climb arena!

Family New Year’s Eve at the Indiana State Museum is another family friendly event! This event features face painting, stilt walkers, cowns and music! The balloon drops at 8pm!

Early Options

If you are on the south side or are looking for an earlier option, head to ‘Rock ‘n Chow’ at MashCraft Brewing in Greenwood! This event is from 6:30-8:30 and features live music, food trucks and local eateries provide the background to some delicious brews!

Trader’s Point Creamery features a New Year’s Eve champagne dinner!  Indulge in amazing food and great company! This dinner features selections such as: lobster-filled rainbow trout, rib roast, cornbread-stuffed quail, spice roasted cauliflower and so much more!

New Year’s Eve Tequila Dinner at Adobo Grill! Have dinner and enjoy a New Year’s Eve Dinner with Patron before you head out on the town!

ComedySportz New Year’s Eve at the Indianapolis Athenaeum!  There are two improv matches where ComedySportz players battle each other for a prize! It’s a good time!

Adult’s Only

There are so many options to mention, so here’s a few!

New Year’s Eve at Howl at the Moon! There are several packages to make this night one to remember (or forget depending on which you choose)!

New Year’s Eve Party at the Rathskeller!  There is a hors d’oeuvres buffet, midnight champagne toast and music by Zanna Doo!

9th Annual New Year’s Eve Masquerade Ball!  There are three separate parties in one!  Each features live music and entertainment, magicians, professional photography, photo booth, face painting and more!

Downtown Indy’s New Year’s Eve on Georgia Street!  There will be live music by Kap Slap, Dave and Whitney, Izzy and OTB, and Corey Cox!  There is also great food and beverages and, of course, the IndyCare descent at midnight!

New Year’s Eve Extravaganza at the Palladium features live entertainment from The Bishops, Flatbed Twitch and karaoke!  There are also cocktails, hors d’oeuvres and a concert by The Hot Sardines!

New Year’s Eve Bash at the Hyatt Regency Hotel! This monster party features: The Flying Toasters, My Yellow Rickshaw, Dance Club, Cousin Rodger, Hanover Chase, DJ Helicon, DJ Brian Jackson, as well as casino tables, palm readers and a 21 story balloon drop!

Pat McAfee Live is a full theatre show at the Murat Theatre!  This event features surprise guests and laughs! After, head to the Egyptian Room with music, dancing, countdown and toast!

There are also events at the Jazz Kitchen, Hard Rock Cafe, Slippery Noodle, Regions Bank Tower, andGeorgia Reese’s!

If you are in the market to buy a home in Indianapolis in the New Year, contact Indianapolis’ Best Realtor!

Also, if you haven’t quite kicked the Christmas spirit, be sure to check out www.aroundindy.com for all of the remaining Christmas events!

Christmas events around Indiana

What puts you in the holiday spirit? Is it that first mug of hot chocolate? Maybe it’s a particular annual event or exhibit? We’ve compiled some of our favorite places across Central Indiana that symbolize the holidays for us. Do you have others to add to the list? Let us know!

Circle of Lights
While the lighting of the “Circle of Lights” was Nov. 27, the lights remain through the holiday season for all to enjoy!

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Christmas at the Zoo
Christmas at the Zoo runs from 5- 9 p.m. Nov. 27-Jan.3, 2016, plus Dec. 21-22. The Indianapolis Zoo was the first zoo to host a holiday lights event back in 1967. You can visit your favorite animals and watch the lights transform the landscape into a winter wonderland. Find more details and a list of Christmas at the Zoo events here.

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Conner Prairie by Candlelight
Conner Prairie offers a 90-minute guided tour through Prairietown, where guests can learn how different families celebrate the holidays. The event includes holiday dancing and singing! Click here for event info.

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Festival of Trees
Now through Jan. 2 you can visit the Indiana Historical Society’s Festival of Trees at the organization’s History Center. You can see 50 elaborately decorated trees, double the amount featured last year! Click for Center hours.

History Center Tree

Jolly Days Winter Wonderland
Celebrate the holidays at the Children’s Museum, now through Jan. 3, 2016. You can take a trip down the two-story Yule Slide, and visit with Santa and Jingles the Jolly Bear. Jolly Days is free with museum admission. More info here.

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Jingle Rails
The Eiteljorg Museum says its Jingle Rails: The Great Western Adventure exhibit is bigger and better than ever before. The train exhibit features three new scenes, including the Las Vegas Strip and the Hoover Dam. The exhibit runs now through Jan. 18, 2016, and includes nearly 1,200 feet of track and more than 30 features. Learn more here.

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City Sidewalks
Georgia Street will turn into a Winter Wonderland Dec. 18-19. There will be Christmas music, a canopy of lights, and a tree decorating contest. Details here.

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Christmas at Lilly House
Visit the Indianapolis Museum of Art’s Lilly House now through Jan. 3 and get a sense of decor that was current during the 1930s and 1940s. The tour is included with museum admission.

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So get out and about and take time during this busy season to see what our great City has to offer!

Vicki Reed

Customer Service – or the lack thereof.

Recently, it’s been the lack thereof.  You’d think in these  competitive times, customer service would be a priority. I know lots of companies say that is their top priority but there are some that are lacking. I will be naming names.

  • DIL#2 decided to look for a new refrigerator and/or mattress set. It was a sultry Sunday afternoon and with nothing else to do, I said, Sure, I’ll tag along.  Our first stop was at Sears since she’d seen a flyer advertising their current sale. We walked in and several workers were standing at the registers/CS desk. A fellow said, “Whatcha looking for today?”  She said a refrigerator and could she get it delivered in a day? He replied, no – usually takes 3-4 days but take a look and let me know any model numbers you’re interested in and I’ll see what delivery time would be.  No offer of going with us to the appliance section or engaging us in any way.  While we were looking no one ever came over to check  on us.  We  found a couple and went back to the front of the store. There was no one there so we left.  Our next stop was at Ashley Furniture. As soon as we walked in we were greeted and asked what we were looking for. She said a mattress and the salesperson directed us to that area and said he’d send someone right over. In a few minutes the manager of that department introduced himself and began asking questions about what she had in mind and if there was a specific health issue she was hoping to alleviate with a new set. His explanations of foundations, toppers, pillows and firmness was illuminating.  Needless to say there’s no new refrigerator at the house but she’s sleeping much better at night.
  • I recently accompanied Son DM on a business trip to Northern Mississippi (what was I e thinking: Mississippi in late August?!).  He had a rental car reserved with  Avis that he was to pick up at 9:00. We were going to be a bit late so he called them to let them know and make sure the car would be ready. When the phone rang, a voice said, “Hello.”  Not, Good morning,  this is Beckie at Avis. How may I help you?”  Just “hello”. That should have been our first warning. He told her we’d be a bit late. She replied, “OK, car is getting oil change so it may be ready when you get here.”  When we did get to the location, DM went in. He returned in less than 10 minutes so I knew something was wrong. He was upset and explained: when he entered, the woman behind the counter (dressed in a tee shirt) sighed loudly. When he jokingly said, having a bad day, she replied, Yes, due to people like you reserving cars and expecting to pick one up.  OK then.  He inquired as to the status of his rental and she said it wouldn’t be ready for an hour, if then. Not once did she offer another vehicle or an explanation as to why it wasn’t ready.  He immediately called Avis Customer Service. The lady who answered was very apologetic but that didn’t get us a rental vehicle.  He then called Enterprise and was told yes, there were rentals available at their location a few miles away.  When we got there, the employees were wearing their company jackets and said Hello, how can we help you as soon as we entered.  They offered bottles of water and a phone charger (that he forgot to bring) at no extra cost. Needless to say, he’ll be using Enterprise Rental from now on.

Another Casino for the Indy Area????

For those who enjoy an occasional visit to one of the local casinos, ever wonder what we did BEFORE they were local?  I admit, I enjoy an hour or two gambling occasionally, but I work really hard for my money and a few bucks now and again for entertainment purposes is fine for me, I play penny slots and have had some luck, but ever notice the people playing the $1 or $5 machines?  Where do they get their money?  Does central Indiana need another casino?  Would love to hear your thoughts on the case…here are the highlights, for the entire report, click here for the full report from wthr.com reported on August 17…

A Las Vegas company wants to buy up 135 acres of land near the Indianapolis airport to build a casino, “high-end creative retail” and more.  Full House Resorts on Monday announced its proposal to build “American Place” in response to the Indianapolis International Airport’s “Land Use Initiative.” If selected, it would be built on the land along I-465 & High School Road, near where the previous airport terminal was located.

It would include:

  • Approximately 700,000 square feet of high-end creative retail space
  • 25-villa boutique hotel designed to offer the most luxurious accommodations in the Midwest
  • Seasonal plaza
    • ice skating and a European Christmas market in the winter
    • landscaped gardens and forests in the summer
  • Central square surrounded by a unique fountain and 3-D imaging experience
  • Multi-purpose conference and performance center
  • Residential condominiums
  • Offices
  • Restaurant court
  • Multiplex movie theater
  • Small, high-end casino
  • Large health club offering local memberships

The project would cost $650 million, representing one of the largest privately funded construction projects in Indiana history, according to Full House Resorts. They estimate it would then generate $85 million per year in state and local revenues when complete. Full House claims an independent third-party study found “American Place” would also create 4,000 permanent jobs and attract 10-15 million visitors annually.  American Place would be anchored, both physically and financially, by a small casino comprising less than 5 percent of the project’s total square footage.

What do you think?  Do we need another casino?  Even as part of a “lifestyle” center?  Would love to hear your thoughts!

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Vicki Reed

 

 

Something to think about…

A friend from my extended circle lost her Father unexpectedly this week.  I’ve lost many people over the years, some old, but some young…those are hardest.  Looking online for something that might comfort the family, I found this in the depths of old internet comments.  Someone had posted this plea online:

My friend just died. I don’t know what to do.

The rest of the post has been deleted, however, this response really spoke to me, I hope it does to you as well.

I’m old. What that means is that I’ve survived (so far) and a lot of people I’ve known and loved did not.

I’ve lost friends, best friends, acquaintances, co-workers, grandparents, mom, relatives, teachers, mentors, students, neighbors, and a host of other folks. I have no children, and I can’t imagine the pain it must be to lose a child. But here’s my two cents…

I wish I could say you get used to people dying. But I never did. I don’t want to. It tears a hole through me whenever somebody I love dies, no matter the circumstances. But I don’t want it to “not matter”. I don’t want it to be something that just passes. My scars are a testament to the love and the relationship that I had for and with that person. And if the scar is deep, so was the love. So be it.

Scars are a testament to life. Scars are a testament that I can love deeply and live deeply and be cut, or even gouged, and that I can heal and continue to live and continue to love. And the scar tissue is stronger than the original flesh ever was. Scars are a testament to life. Scars are only ugly to people who can’t see.

As for grief, you’ll find it comes in waves. When the ship is first wrecked, you’re drowning, with wreckage all around you. Everything floating around you reminds you of the beauty and the magnificence of the ship that was, and is no more. And all you can do is float. You find some piece of the wreckage and you hang on for a while. Maybe it’s some physical thing. Maybe it’s a happy memory or a photograph. Maybe it’s a person who is also floating. For a while, all you can do is float. Stay alive.

In the beginning, the waves are 100 feet tall and crash over you without mercy. They come 10 seconds apart and don’t even give you time to catch your breath. All you can do is hang on and float. After a while, maybe weeks, maybe months, you’ll find the waves are still 100 feet tall, but they come further apart. When they come, they still crash all over you and wipe you out. But in between, you can breathe, you can function. You never know what’s going to trigger the grief. It might be a song, a picture, a street intersection, the smell of a cup of coffee. It can be just about anything…and the wave comes crashing. But in between waves, there is life.

Somewhere down the line, and it’s different for everybody, you find that the waves are only 80 feet tall. Or 50 feet tall. And while they still come, they come further apart. You can see them coming. An anniversary, a birthday, or Christmas, or landing at O’Hare. You can see it coming, for the most part, and prepare yourself. And when it washes over you, you know that somehow you will, again, come out the other side. Soaking wet, sputtering, still hanging on to some tiny piece of the wreckage, but you’ll come out.

Take it from an old guy. The waves never stop coming, and somehow you don’t really want them to. But you learn that you’ll survive them. And other waves will come. And you’ll survive them too.

If you’re lucky, you’ll have lots of scars from lots of loves. And lots of shipwrecks.

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What’s the proper attire for a roller-derby match?

That’s what I thought when friend VR called and said she had tickets to a match for Saturday night of the Race City Rebels. Well, nothing else happening on a hot, humid July evening so I said sure, let’s go.  VR’s co-worker is on the team (#9 Rebel Yell) and invited her to attend.  Since the match didn’t start till 7:30 and was at Ellenberger Ice Rink (minus the ice) we had time for dinner and picked Chef Dan’s in Irvington.  If you’ve not tried out this place – shame on you.  It’s Mississippi/Louisiana cooking in the heart of Indy.  Check out their link: http://chefdansindy.com

We got to the Rink with a few minutes to go in the Naptown Roller Girls match and discovered without the ice, the Rink is very toasty, especially on a late July evening.  They did provide energy efficient fans: cardboard on a wooden stick.  We found a couple of chairs and started to peruse the crowd.

Obviously, our clothing color was wrong – almost everyone had on black, and we def didn’t sport enough tats. No matter, the crowd was excited and totally engrossed in the match.  We had no idea what was going on; all we knew was they were going around in a circle, trying to stay between the markers and the referees blew their whistles and made all kinds of hand motions. During a time out a fellow would skate out and re-tape the circle.  The Roller Derby Girls won by a large margin; we have no idea who the opponent was. At the end of the game the crowd jumped up and stood around the circle to get a hand slap from the teams.

There was a short break then the men’s team took the floor.  The acoustics were terrible, it sounded like Charlie Brown’s teacher: wha, wha, wha. Plus, there was loud music playing so we were at a complete loss but determined to not use technology for information. Everyone jumped up again and got hand slaps as the teams were introduced. I wish we could have heard the announcer, the web site has a team roster and their names are very colorful!

During the men’s game we did figure out that there was one guy trying to get through a group of opponents and if he did it three times, it was a grand slam.  We never did figure out the scoring or any of the penalty calls. I think there were seven officials; it took that many to keep an eye on all the skaters.

I looked up the Race City Rebels after I got home and they have a handy FAQ on their website.  We weren’t too off in how we thought the match was played but I learned a lot more.  Check it out for yourself:  http://www.racecityrebels.com.

Just one more thing I can add to my Life List of things I’ve done.