Mortgage Rates Fell Tuesday Making Homes in Indy Less Expensive
Like everything else on Wall Street, mortgage markets are based on supply and demand. When demand outweighs supply, mortgage rates fall. There is demand this week!
I have received many calls since Tuesday from homebuyers who wonder what the ...
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Posted by Paula Henry on November 29, 2008 in Mortgage News and Info
Indianapolis Area Real Estate Market Report October 2008
The numbers are in and I have completed the Market Reports for the Indianapolis area. October again posted less inventory and subsequently less sales than September.
There were 1970 total units sold in the Metropolitan Indianapolis Board ...
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Posted by Paula Henry on November 24, 2008 in Market Statistics
Eagle Creek Real Estate Market Report - October 2008
For the month of October, there were 2 homes sold and closed in Eagle Creek. For the purpose of describing properties sold in Eagle Creek, I use two areas. The traditional area of homes and neighborhoods which border the reservoir, as ...
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Posted by Paula Henry on November 24, 2008 in Market Statistics
Real Estate Terms - Distressed Properties
Distressed homes for sale tend to get lumped tgether, but there are some distinct diefferences between these type of sales. Most are simply called foreclosed homes. These are the terms used by our local Board of Realtor listing service to describe ...
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Posted by Paula Henry on November 24, 2008 in Real Estate Terms
Indianapolis Real Estate Market Report - October 2008
There are currently 8553 homes for sale in Indianapolis in Marion County. This is down from lasts months 9138 active properties. There were 810 sold properties, compared to 920 last month.
The largest number of sales were in Wayne and Washington ...
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Posted by Paula Henry on November 24, 2008 in Market Statistics
2009 FHA Loan Limits For Indianapolis
In March 2008, HUD temporarily raised FHA loan limits around the country. Effective January 1, 2009, FHA loan limits revert. FHA home loans are mortgages made by private lenders and insured by the federal government.
Historically, FHA ...
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Posted by Paula Henry on November 24, 2008 in Mortgage News and Info
Traders Point Real Estate Market Report - October 2008
For the month of October, there were 14 homes sold and closed in Traders Point, compared to 5 homes sold in September. Of the 14 homes sold in October, 2 were homes which were bank owned home sales. Theree are ...
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Posted by Paula Henry on November 23, 2008 in Market Statistics
Carmel Indiana Real Estate Market Reports - October 2008
For the month of October, there were 69 sold homes in Carmel, compared to 89 homes sold in September. Of the 69 homes sold in October, 7 were homes which were distressed sales; 6 were bank owned and 1 was sold ...
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Posted by Paula Henry on November 23, 2008 in Market Statistics
Fishers Real Estate Market Report - October 2008
For the month of October, there were 91 homes sold and closed in Fishers, compared to 150 homes sold in September. Of the 91 homes sold in October, 12 were homes which were distressed sales; 9 were bank owned ...
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Posted by Paula Henry on November 23, 2008 in Market Statistics
Brownsburg Real Estate Market Report - October 2008
For the month of October, there were 39 homes sold and closed in Brownsburg, compared to 52 homes sold in September. Of the 39 homes sold in October, 4 were homes which were distressed sales; all bank owned. There ...
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Posted by Paula Henry on November 23, 2008 in Market Statistics
Plainfield Indiana Market Report - October 2008
For the month of October, there were 25 homes sold and closed in Plainfield, the same as the number of homes sold in September. Of the 25 homes sold in October, 6 were homes which were bank owned. There are currently 21 ...
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Posted by Paula Henry on November 23, 2008 in Market Statistics
November and Thanksgiving
I love the month of November! One of the things I missed about Indiana while I lived in the Southwest was Fall. We decided to move back to Indianapolis a few years ago and fall has always been my favorite time of year. By fall, I ...
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Posted by Paula Henry on November 23, 2008 in Random Thoughts
Zionsville Real Estate Market Report - October 2008
For the month of October, there were 27 homes sold and closed in Zionsville, compared to 40 homes sold in September. Of the 27 homes sold in October, 1 home was bank owned or REO.
The highest price home sold was $592,110. for a home with 5 bedrooms, ...
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Posted by Paula Henry on November 19, 2008 in Market Statistics
Market Report Observations
While working to bring you the October Market Reports, I have been studying different statistics within the data to bring you additional informaton for the market reports. Many homeowners are concerned with the number of foreclosures in their ...
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Posted by Paula Henry on November 16, 2008 in Market Statistics
Avon Indiana Real Estate Market Report - October 2008
For the month of October, there were 39 homes sold and closed in Avon, compared to 67 homes sold in September.
Of the 39 homes sold in October, 13 were homes which were distressed sales; 12 were bank owned and 1 was sold as ...
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Posted by Paula Henry on November 14, 2008 in Market Statistics
How The Presidential Election Impacts Home Affordability
More than a handful would-be Indianapolis home buyers stayed on the sidelines this year, waiting for Election Day to pass. The prevailing thought was that once the new President-Elect was identified, credit markets will systemically unfreeze ...
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Posted by Paula Henry on November 4, 2008 in Mortgage News and Info