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!
The 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.