Indianapolis Real Estate
You want a home with style, space and ready to move into; look no further! This beautiful 2 story traditional home with basement offers you all this and more. 4 large bedrooms with great closet space 3 bathrooms Formal living and dining rooms Kitchen with breakfast bar and dining area Family room w/fireplace Separate office Finished basement Deck and patio Located in Country Club Place in Indianapolis. Community amenities include a pool, park, open green space and ponds....
Comparing the Indianapolis real estate market from 2008 – 2009 indicates signs of recovery on the horizon. As we track the number of home sales, the first half of 2009 was well below the number of sales of 2008. In July, the sales equaled 2009 and with the exception of December. the number of home sales for the last half of 2009 exceeded the homes sold in 2008. Consequently, the average home price in Indianapolis in 2009 also stepped into pace with 2008 home prices in July and stayed consistent for the next few months. By the end of 2009, the...
INDIANA HOUSING DOWN PAYMENT ASSISTANCE PROGRAM If you are a first time home buyer in Indianapolis, you should know your financing options. The Indiana Housing Program for first time home buyers who are creditworthy, but may not have the initial upfront costs for down payment and closing costs is a great option. I received this information from one of my lenders with the guidelines for the Indiana Housing Down Payment Assistance Program. The general guidelines are as follows: 1.First time buyers or someone who has not been entitled to real estate in the past 3 yrs. 2.Indiana Housing will provide...
APR is an acronym for Annual Percentage Rate. It’s a government-mandated calculation meant to simplify the comparison of mortgage options. A loan’s APR can always be found in the top-left corner of the Federal Truth-In-Lending Disclosure. Because APR is expressed as a percentage, many people confuse it for the loan’s interest rate. It’s not. APR represents the total cost of borrowing over the life of a loan. “Interest rate” is the basis for monthly mortgage repayments. The main advantage of APR is that it allows an “apples-to-apples” comparison between loan products. As an example, a 5.000 percent mortgage with origination points and fees will...
Despite the economy’s improvement and prodding from Congress, banks don’t seem ready to open their purse strings just yet. Nationally, mortgage approval . The data comes from a quarterly survey the Federal Reserve sends to its member banks. The Fed asks senior bank loan officers around the country whether “prime” residential mortgage guidelines had tightened in the last 3 months. For the period July-September 2009: Roughly 1 in 4 banks said guidelines tightened Roughly 3 in 4 banks said guidelines were “basically unchanged” Just one bank said its guidelines had loosened. In the third quarter of this year, I have already seen...
It’s official — home prices are no longer in free fall. According to the Federal Housing Finance Agency, the Home Price Index posted its since 2007 last quarter. The news was reported Tuesday. The Home Price Index is an interesting metric. It’s huge in its scope, accounting for every home sold in the country that backs a mortgage bound for Fannie Mae or Freddie Mac with two notable exceptions: It doesn’t track new construction It doesn’t track multi-unit homes Because the Home Price Index makes these specific exclusions, and because it doesn’t account for FHA and jumbo mortgages, some analysts discount the HPI’s relevance. ...
Will Hansen and Horn Home Builders be the next casualty of the Indianpolis real estate market? The talk on the street indicates it is probable. It was first reported on WishTV.com the Indianapolis home builder was having problems paying bills and is being sued by subcontractors for money they are owed. Customer complaints about work which had not begun or homes not completed on time also made the news. The Indianapolis Star picked up the same story, stating the Builders Association of Greater Indianapolis (BAGI) had canceled Hansen and Horn’s membership. The Indianapolis Business Journal reports a Marion County judge...
