September 2023 Real Estate Market Update and Exciting Events
Are you curious about the current state of the real estate market in Fort Wayne, Indiana? As a dedicated broker at RE/MAX Results, I am here to provide you with a comprehensive market update and a thrilling events calendar for September 2023. Whether you’re a prospective buyer, a current homeowner, or just someone looking to explore the local scene, there’s something for everyone this month.
Market Update: Navigating the Current Real Estate Landscape
Interest rates have been the talk of the town in recent weeks, stubbornly hovering around 7%. While this may cause some hesitation among potential buyers, industry experts we trust are optimistic about the long-term trajectory. Projections suggest that rates will eventually settle between 4.5% to 5.5% over the next two years. The prevailing sentiment is that buyers might consider “renting” their rate until the numbers align more favorably for refinancing.
Interestingly, the higher interest rates have led to a fascinating dynamic in the market. Many homeowners with existing mortgages at historically low rates, around 3%, are opting to stay put and hold onto their advantageous loan terms. This has contributed to an increase in housing inventory, offering buyers a wider array of choices. Despite these changes, buyer demand remains robust, leading to continued growth in home prices.
Exciting September Events in Fort Wayne
As summer winds down and the school year kicks off, Fort Wayne is far from short on engaging events to keep your calendar packed. While many families may be heading to the lake for Labor Day, there’s still a plethora of activities for those sticking around. Here’s a sneak peek at what’s in store:
Downtown Cruise-In Festival (Sept 1, 10:00 am): Kick off the month with a stroll through the Downtown Cruise-In Festival at Dekalb County Courthouse Square. A great opportunity to admire classic cars and enjoy a vibrant atmosphere.
Jurassic Empire (Sept 1-10): Embark on a prehistoric adventure at Glenbrook Square with Jurassic Empire. This interactive experience is perfect for families and dinosaur enthusiasts alike.
Music Lovers Lounge Labor Day Weekend Bash (Sept 2, 9:00 pm): Unwind with live music at the Embassy Theatre during the Music Lovers Lounge Labor Day Weekend Bash.
Napoleonic Days 1804-1814 (Sept 2-3): Explore history at The Old Fort as it transforms into an immersive Napoleonic-era experience over the weekend.
Grabill Country Fair (Sept 7-9): Immerse yourself in the charming atmosphere of the Grabill Country Fair, featuring local crafts, delicious food, and entertainment for all ages.
These are just a few highlights from the diverse range of events happening in Fort Wayne this September. From concerts to art crawls, there’s no shortage of ways to enjoy the local community.
Give Me a Call Today!
If you’re interested in discussing the real estate market in Fort Wayne or exploring available properties, don’t hesitate to contact me. I’m here to provide guidance, insights, and exceptional service. Reach out to me at 260-579-1516 or mike@mikearchbold.com, and explore more at www.hoosierhomelistings.com. Let’s make your real estate goals a reality while enjoying everything our vibrant city has to offer!
Hope to see you out and about!
-Mike
Why Does RE/MAX Results Stand Out Among the Competition?
Simply put: Relationships. We pride ourselves not only in our professional service but more importantly in the personal touch we bring to our business. Has an agent/lawyer/contractor/vendor ever treated you like you were just another paycheck? The reason our clients come back time and again and refer all their friends and family to us is because they know we are part of the family.
Genuinely caring about the people we serve enables us to do things other agencies can’t. Rest assured, we will ALWAYS have your best interest at heart and work vigorously to get you the best deal possible on your home or business. The relationships we build with our clients enable us to work 100% by referral. The reason we are able to give top notch service to our clients is because our clients refer us a constant stream of quality family and friends to assist in their real estate needs. While other agents are out making cold calls and chasing “potential” leads, we are freed up by our referral base to service our clients like no other broker can. We are never too busy for your referrals!
Want to experience the difference for yourself? Call or text me today at 260-579-1516.
“Professional Service with a Personal Touch“
We’re Here To Help
Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership. Click here to read more about our Buyer Services. Click here to browse listings NOW! Looking to sell your home? Call today to set up an appointment to begin developing your customized marketing plan. Click here to read more about our Seller Services.
Hoosier Home Listings by RE/MAX Results is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. RE/MAX Results is an Equal Housing Opportunity company.
Hoosier Home Listings – Events Calendar – September 2023…
… brought to you by Michael Archbold, Hoosier Home Listings, and RE/MAX Results.
The consummate professional, Michael Archbold (Associate Broker, REALTOR, ePro) brings a diversified background to the world of real estate. Born and raised in Fort Wayne, Mike graduated Wayne High School in 1992. He received bachelors degrees in Accounting in 1997 from Indiana University and Information Technology in 2005 from Indiana Wesleyan University. Mike comes to RE/MAX with more than 20 years of experience in sales and accounting. He began his career in real estate in 2000 as an investor.
