In Marion County the Housing inventory is down from a year ago. Go to the link below to see a snapshot of the housing market in the Indianapolis area.
http://www.yourindyhouses.com/hendricks-county-housing-trends/
General
Marion County Housing Trends
Posted on February 15, 2010 by Indianapolis Real Estate | No Comments
Indianapolis Area Homes Sales UP!
Posted on January 25, 2010 by Indianapolis Real Estate | No Comments
| Friday, 22 January 2010 11:58 |
| FOR IMMEDIATE RELEASEIndianapolis Area Markets Benefited From Tax Credits, Low Interest Rates, and Favorable Prices in ’09 Major Factors Still In Place—But Clock Is Ticking INDIANAPOLIS, IN–(January 19, 2010)–The housing market came through the past year in rather better shape than might have been expected; home sales were down only 4 percent (969) from 2008. In the past year we experienced instability in financial markets and the subsequent sharp contraction in the economy, and some dynamics in the market remain: unemployment and buyer confidence. The 4th quarter housing market in the Indianapolis area flourished with homes posting a dramatic rise. Home sales were up 15 percent from 4th quarter 2009 versus 4th quarter 2008. Buying activity in nine counties surrounding Indianapolis indicates that improved affordability is prompting many first-time buyers to get off the fence, out of their rentals, and into the market. A look at county-by-county increases in 2009 home sales from October to December provides some of the details:
Average Price of Homes Sold in the Indianapolis area December, 2009 vs. December, 2008: Dan Breault, Regional Director, RE/MAX of Indiana states “purchasers are clearly taking advantage of affordable prices and rock bottom interest rates. Those who missed the boat in years past have found that sitting on the sidelines could be a costly move. Prices are on the upswing and inventory levels are tightening, so the push toward homeownership is expected to continue throughout the spring of 2010.” December pended home sales (those homes expected to close within the next 30 days) were up 11 percent in December, 2009, compared to December, 2008 The December, 2009 total = 1,530 pended home sales. Article provided by RE/MAX of Indiana |
Property Tax Caps for Indiana
Posted on January 19, 2010 by Indianapolis Real Estate | No Comments
PROPERTY TAX CAPS
Earlier today, the Senate handed Hoosiers the right to vote on permanently capping property taxes. By a vote of 35 to 15, the full Senate gave final passage to a joint resolution that would constitutionally cap property tax rates at 1 percent for owner-occupied homes, 2 percent for other residential and agricultural properties and 3 percent for businesses. To change the Constitution, an amendment must be passed by two separately elected General Assemblies and then approved by voters statewide. In the immediate aftermath of the 2007 property tax crisis, both chambers passed the property tax caps in 2008. The Republican-led Senate kept the momentum for the caps and public referendum going by passing it again in 2009, but it failed to receive a vote in the Democrat-controlled House of Representatives. This election year, the measure was considered in the House where it passed by a vote of 75 to 23. Today’s historic Senate passage completed legislative involvement — other than advocacy among voters who will now have the final say.
Works by Local Artist – Plainfield
Posted on January 15, 2010 by Indianapolis Real Estate | No Comments
GOTS Art!
Works by members of Hendricks County’s first co-op gallery exhibiting oil, acrylic, watercolor, pyography, weaving, felting and jewelry.
When:
Fridays and Saturdays : 9 a.m. – 6 p.m. (ends February 6)
Mondays, Tuesdays, Wednesdays, and Thursdays : 9 a.m. – 9 p.m. (ends February 6)
Hud Homes – $100 Dollars Down
Posted on January 13, 2010 by Indianapolis Real Estate | 1 Comment
If you are looking for a distressed property in and around the Indianapolis area, now is a great time to buy a HUD property. Not only does HUD offer an option for $100.00 down payment financing for Owner Occupants but they will pay some closing costs up to 3% of the selling price.
This is a great option for a first time home buyer. Why pay rent when you can purchase a home for a $100.00 down and get up to an $8,000 dollar tax credit from the government?
Need more information or to see how to qualify, contact us today.
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