Real Estate Recovery - Jobs are the Magic Bullet in Indianapolis

By
Real Estate Agent with Keller Williams Indy NE 317-290-7775 www.marchantteam.com

I think we can all agree that there are indicators that predict the future of the housing market.  One of the best indicators are jobs.  Jobs create confidence and that confidence leads people to purchase new homes

I'm excited to report that Indianapolis and the surrounding area is seeing jobs come to its city...and what will follow is an uptick in the housing market.  In fact Money Magazine has just named Hamilton County as one of the best places for jobs!

Unemployment Rates IndianapolisThe graph shows our unemployment rate is on the way down…a reason to celebrate and with new jobs coming…a bigger drop is anticipated.

Here is just a small sampling of the jobs coming to Indy:

One of the most useful company’s out there is Angie’s List from my perspective.  I use it almost daily to find reliable vendors for my clients long after they have purchased their home.  They are bringing 500 new jobs to their East side Indy location AND spending $11.5 MM to accommodate those folks in their four block campus.
 
Slingshot is an Internet Telemarketer company founded by three friends from Zionsville High School in 2006.  Their belief is that the Internet is the lynchpin of our daily lives.  It has become one of the premiere search engine optimization firms in the country.  They will hire up to 100 new employees on its far north side of Indy.  It will spend $685,000 to expand its office to accommodate the new jobs.

My alma mater St Vincent Health is adding 200 jobs in Fishers.  It is converting its Medical Center outpatient facility into a 40 bed inpatient hospital.  It will also have spa-like amenities including a fitness center.  It is also hoped this facility will receive LEED certification (Leadership in Energy and Environmental Design)

A manufacturer and distributor of temperature controlled packaging will make room for an additional 80 employees; the company is called DGP Intelsius.  It will spend $870,000 on their expansion including equipment, tooling and leasing a 13,508 sq ft building.  Jobs will be in the finance, customer service, business development and IT areas.

Indiana’s unemployment rate dropped below 9% earlier this year…the first time in two years it has been below this level. 
In a world of dismal news it is important to find the good news and share it.  Employment rates, housing starts, and real estate is local.  In Indianapolis, we are seeing signs of recovery.

 

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Rainmaker
647,093
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Great news for your market!  I agree, the unemployment rate at these levels will continue to hold back the real estate market.

Aug 20, 2011 09:14 AM #1
Rainmaker
2,310,039
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

New jobs are always a good indicator how an area is doing and it looks like Indy and the surrounding area is heading in the right direction.  Good information Cindy.

 

Aug 20, 2011 10:25 AM #2
Ambassador
2,869,448
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Jobs are key for the recovery.  Glad you are getting some good news in that area.  We've started a "trickle" but need so many more.

Aug 20, 2011 10:29 AM #3
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524,184
Cindy Marchant
Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

Hi Kathy...I think it is the single most important indicator too...

Hi Anita...thank you ...I was surprised when I started looking how much I found.

Hi Tammy...indeed!

Aug 20, 2011 10:49 AM #4
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1,163,925
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Cindy. Good to hear about new jobs in your area. That's certainly good for real estate recovery since jobs will give purchasers more security and they will now have that confidence to buy a home.

Aug 20, 2011 03:10 PM #5
Rainer
216,072
Joe Kenny
Realty Executive Midwest - Darien, IL
Better Than Your Average Joe

Cindy that's great news about he jobs and unemployment being below 9%.  This is what the doctor has ordered.

Aug 20, 2011 04:12 PM #6
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Cindy, this is great news for Indy! You have done an excellent job of presenting this information to consumers. Especially, those who might be looking for work. Suggested.

Aug 20, 2011 04:34 PM #7
Rainmaker
289,867
Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Addressing the job market in your area instead of sales activity is a very smart move on your behalf.  Very well presented too Cindy.

Aug 20, 2011 05:13 PM #8
Rainmaker
1,036,603
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Cindy - definite signs of recovery I can see where the recovery train will  be making several stops in Indianapolis

Aug 22, 2011 12:10 PM #9
Rainmaker
217,258
'The Diamond Group' 'A Cut Above The Rest'
The Diamond Group @ Keller Williams - Lubbock, TX
Lubbock Texas Real Estate

Nice presentation Cindy, jobs certainly are an indication of the stability of the market.

Aug 24, 2011 09:39 AM #10
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Cindy, it's amazing to me how much influence Money Magazine has. I hope it's bringing you lots of Business!!

Aug 24, 2011 10:32 AM #11
Rainmaker
433,582
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Cindy - Jobs are the key to the economy turning around and it sounds like your area is going in a good direction! Now for the rest of the county...

Aug 27, 2011 12:36 PM #12
Rainmaker
1,924,738
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Cindy

Happy Labor day and today's the day to fire up that grill and enjoy the last days of summer.

Sep 05, 2011 04:21 AM #13
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Cindy Marchant

"Cindy in Indy" , Realtor, Fishers Real Estate
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