Tucker CEO Cautiously Optimistic' About 2019 Housing Market

Posted: Updated:
Litten cautioned that tight inventories, which led to rising prices and bidding wars in some parts of the state in 2018, could persist this year. Litten cautioned that tight inventories, which led to rising prices and bidding wars in some parts of the state in 2018, could persist this year.
INDIANAPOLIS -

After a record-setting 2018, what does 2019 hold for the Indiana housing market? F.C. Tucker Co. Chief Executive Officer Jim Litten says it can be another banner year for housing as long as key indicators remain in positive territory. "Consumer confidence is at an all-time high and unemployment, certainly in Indiana, is very low," said Litten. "We are blessed to be in Indiana, we’ve got a pro-business environment and that bodes well for housing."

Litten talked about the 2019 housing market and potential for a “housing bubble” on this weekend’s edition of Inside INdiana Business with Gerry Dick.

Litten cautioned that tight inventories, which led to rising prices and bidding wars in some parts of the state in 2018, could persist this year.

However, he downplayed prospects for a housing bubble in Indiana that some are predicting in markets like Phoenix and Austin.  Litten says unlike other hot housing market, affordability remains a plus in Indiana.  “In some of these markets, the average sale price has gone up so much, and incomes haven’t gone up commensurate with the price of real estate,” said Litten, who notes only about 20 percent of California residents can afford a home, while in Indiana that number is 80 percent.

  • Perspectives

    • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

      It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Picture Courtesy: Ratio Architects

      Hilton Bringing New Hotel Brand to Indy

      Hilton (NYSE: HLT) has chosen Indianapolis as one of three markets where it will roll out its new Signia Hilton brand. The hospitality company says Signia Hilton will target meeting professionals and business travelers hosting and attending large events. The 800-room Signia Hilton will be the larger of the two hotel towers planned for the Pan Am Plaza site as part of a $120 million Indiana Convention Center expansion. Visit Indy Senior Vice President Chris Gahl expects...

    • Rolls-Royce to Make Indy Jobs Announcement

      Rolls-Royce Corp. in Indianapolis will Monday make an announcement about a new campaign and jobs. Few details were provided, however the company says the announcement will involve a new U.S. defense engine program.

    • (image courtesy WTHR-TV)

      Governor Holcomb Launches Next Level Broadband Program

      Governor Eric Holcomb has launched a program dedicating $100 million to bring broadband to rural areas of the state. The Next Level Broadband Program will be overseen by Lt. Governor Suzanne Crouch and the Indiana Office of Community and Rural Affairs. The Indiana Department of Transportation will administer grants and provide technical support.  

    • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

      It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...

    • Hoosier Hospitals Make Top 100 Lists

      Several Indiana hospitals are included in two lists from The Chartis Center for Rural Health that feature the top 100 critical access hospitals and rural and community hospitals. The healthcare advisory services and analytics company says the lists are based on the results of the Hospital Strength Index from iVantage Health Analytics, which provides a "comprehensive and objective assessment of rural provider performance." The Chartis Center says the hospitals that make...