Making English Out Of Fed-Speak (October 2008)
The Federal Open Market Committee voted to cut the Fed Funds Rate by one-half percent today. The benchmark rate now stands at 1.000 percent.
In its press release, the Fed wasted no time addressing the key issue at-hand, stating ...
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Posted by Paula Henry on October 31, 2008 in Mortgage News and Info
Off the Real Estate Path
I’ve said it before, talking about real estate all the time is boring. Still, the whole purpose of this platform is to educate others about Indianapolis, real estate…..and of course, provide a few random thoughts along the way. In my ...
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Posted by Paula Henry on October 29, 2008 in Local Indy
Indianapolis Tax Estimator for Marion County
Here’s a little knowledge about the tax bills which will soon hit our mailboxes. Remember, you will receive a tax bill for the first half of 2007 in a few weeks, best estimates indicate November 10th. We then expect the last half of 2007 tax ...
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Posted by Paula Henry on October 28, 2008 in Real Estate News
Is Hope for Homeowners a Plan for You?
The Hope for Homeowners (H4H) plan went into affect on October 1st. While, I do believe it is a benefit for some, I don’t think it will help or benefit as many as it should. Many of the homeowners I speak to have to weigh the ...
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Posted by Paula Henry on October 27, 2008 in Real Estate News
Real BailOut from the Banks
The recent bailout of wall street and banks has many trying to figure out exactly what it means for homeowners who may be facing foreclosure. While I don’t know the specifics about what the bailout means for individual homeowners, there are a ...
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Posted by Paula Henry on October 27, 2008 in Real Estate News
Zionsville Indiana Real Estate Update - September 2008
For the month of September, there were 40 homes sold and closed in Zionsville Indiana; compared to 42 homes sold in August.
The highest price home sold was $572,000.
The lowest priced home sold was $107,600.
The average Days ...
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Posted by Paula Henry on October 26, 2008 in Market Statistics
Living at Eagle Creek
While driving down 56th street today, I again marveled at the beauty of Eagle Creek. When you pass Eagle Creek area off 56th Street, it is no longer a creek, it is the Reservoir. It is one of the most beautiful places in Indianapolis.
Immediately ...
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Posted by Paula Henry on October 25, 2008 in Parks and Recreation
Brownsburg Home in Branches
Short sale opportunity on this beautiful home in Branches in Brownsburg. Over 4500 square foot of comfortable living. Priced at only $189,900 and featuring 5 bedrooms, 4.5 baths is just one reason to love this home.
Upgrades include maple cabinets ...
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Posted by Paula Henry on October 25, 2008 in Homes for Sale | Listings
Fishers Indiana Real Estate Market Report - September 2008
For the month of September, there were 150 homes sold and closed in Fishers Indiana; compared to 157 in July.
The highest price home sold was $790,000.
The lowest priced home sold was $89,900.
The average Days on Market for homes sold ...
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Posted by Paula Henry on October 12, 2008 in Market Statistics
Carmel Indiana Home Sale Review - September 2008
For the month of September, there were 89 homes sold and closed in Carmel, compared to 125 homes sold in August.
The highest price home was $1,040,000.
The lowest priced home sold was $239. Yep, that's $239.00.
The ...
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Posted by Paula Henry on October 12, 2008 in Market Statistics
Traders Point Real Estate Market Report - September 2008
For the month of September, there were 5 homes sold and closed in Traders Point, compared with 10 homes sold in August.
The highest price home was $500,000.
The lowest priced home sold was $173,000.
The average home sold in Traders Point was a three ...
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Posted by Paula Henry on October 12, 2008 in Market Statistics
Plainfield Indiana Real Estate Market Update - September 2008
For the month of September, there were 25 homes sold and closed in Plainfield, compared with 33 homes sold in August.
The highest price home was $260,340.
The lowest priced home sold was $30,000.
The average Plainfield ...
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Posted by Paula Henry on October 12, 2008 in Market Statistics
Brownsburg Real Estate Market Update - September 2008
For the month of September, there were 52 homes sold and closed in Brownsburg, which is down by six homes over August.
The highest price home was $465,000.
The lowest priced home sold was $40,000.
The average Brownsburg home sold was ...
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Posted by Paula Henry on October 12, 2008 in Market Statistics
Avon Real Estate Updates - September 2008
For the month of September, there were 67 homes sold and closed in Avon, compared to 86 homes sold in August.
The highest price home was $519,900.
The lowest priced home sold was $53,500.
The average Avon home sold was a ...
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Posted by Paula Henry on October 12, 2008 in Market Statistics
Indianapolis Real Estate Report - September 2008
Township
Active
Pending
Sold
Absoprtion Rate
Wayne
1077
219
127
8.4 months
Pike
825
138
85
9.7 months
Washington
1335
165
135
9.8 months
Lawrence
1157
204
140
8.26 ...
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Posted by Paula Henry on October 12, 2008 in Market Statistics
The Impact Of The Federal Reserve's Emergency Half-Point Rate Cut To 1.500 Percent
The Federal Reserve made an 'emergency rate cut' yesterday morning, dropping the Fed Funds Rate by one half-percent to 1.500 percent.
The move is meant to stimulate the U.S. economy.
When the Federal Reserve changes the Fed Funds Rate, it often ...
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Posted by Paula Henry on October 10, 2008 in Mortgage News and Info
What Caused the Housing Crisis?
Even as a REALTOR, I wonder, how did the climate of the real estate market change so dramatically in such a short period of time. The simple answer is, supply and demand.
When the supply of 'easy' loans were made available, the demand for such ...
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Posted by Paula Henry on October 3, 2008 in Mortgage News and Info