Indiana

Carmel Indiana

03-13-12

Kathleen Woods: Real Estate Brokerage in Indianapolis, IN

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Office: (317) 578-3220

Mobile: (317) 517-5317

Carmel Indiana is a great place to live for all patrons. Carmel is located just west of fishers, north west of Geist, and about twenty minutes north of Indianapolis. Carmel is an established city with a wonderful atmosphere. It is one of the most popular cities in Indiana to call home. Downtown Carmel has been through some amazing updates and changes. You may explore shops, pizzerias, antiques, and more. Carmel school systems are voted to be one of the best. Come see the many events, restaurants, activities, and homes for sale Carmel has to offer.

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Pending Home Sales Rebound to a Level Near April 2010

03-13-12

Rolando Trentini

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Office: (812) 479-0801

Mobile: (812) 499-9234

Contracts to buy previously owned homes in the United States neared a two-year high in January, an industry group said on Monday, further evidence the housing market was slowly turning the corner.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in January, increased 2 percent to 97 points, the highest reading since April 2010. New contracts generally lead sales by a month or two.

Housing data ranging from home building to resales have been relatively upbeat, buttressing other signs of underlying economic strength that should help the recovery better withstand rising gasoline prices and a recession in the euro zone.

The housing market is becoming less of a drag on the economy, and home construction is expected to add to growth this year for the first time since 2005.

“Clearly we had better weather conditions in January that might have helped, but we have a situation where we are seeing a number of housing statistics turn,” said Michael H. Strauss, chief economist at Commonfund in Wilton, Conn. “It suggests housing is going to be an additive to G.D.P. this year.”

December’s index of pending home sales was revised to show a much smaller 1.9 percent drop instead of the previously reported 3.5 percent decline. In January, new contracts were up 8 percent from their year-ago level.

The rise in last month’s index suggested home resales would increase for a second consecutive month in February, and it also bodes well for the spring sales season.

“This spring we expect to see continued forward momentum in the housing market as excess inventory is absorbed and low-cost mortgage debt becomes more prevalent,” said John Tashjian, principal at Centurion Real Estate Partners in New York. “A strong spring housing season will be a critical indicator toward predicting growth in the housing market for 2012.”

The market has been hampered by an oversupply of unsold homes, but the number of both new and previously owned properties for sale has been whittled down in recent months.

However, with the foreclosure tide yet to recede and continuing to depress prices, recovery will take awhile. A report due on Tuesday is expected to show that prices in 20 metropolitan areas tracked by the Standard & Poor’s Case-Shiller fell by 0.5 percent in December after declining by 0.7 percent in November.

Source: http://www.nytimes.com/2012/02/28/business/economy/pending-home-sales-in-us-near-a-two-year-high.html?_r=1

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203k has arrived in Indianapolis IN

03-12-12

Mike Young, 203k Consultant Northern CA

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Office: (707) 812-7668 x203

Mobile: (704) 451-1599
Secondary: (877) 207-6565

I'm in Indianapolis IN for a Housemaster regional meeting and, of course, talking about the FHA 203k loan program, what else? Alan Peterson, a HouseMaster franchisee has recently become the "go to guy" in this area. He is a very knowledgeable home and we are happy to let you know that he has done a few 203 projects and has been providing in-house training to Realtor associations and real estate office.

If you need to learn more about the 203k lending process, need us to suggest a good lender, or contractor please feel free to contact Alan.

It pleases me so to see another home inspector see the potential for the program and take off in an area that clearly is needed here in the Mid-West. As you already know we also provide this in-house training all over CA, SC, NC, FL, TX, CO, OR, Southern NV, LA, MA, MD, and most other areas in the USA and its colonies.

Had dinner at Ruth's Chris Steakhouse tonight, it was excellent of course.

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Indiana CRS Chapter With A Heart

03-12-12

Jeff & Grace Safrin, Broker / Owners, SFR, CRS, Northwest Indiana

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Office: (219) 309-9930

Mobile: (219) 405-1232

Indiana CRS Chapter With A Heart

Riley Hospital For Children is this year’s Charity Recipient of proceeds from the

Indiana CRS Chapter with a Heart auction fundraising event scheduled to be held the evening of September 20, 2012 at the IAR Fall Conference at the Sheraton Hotel at Keystone Crossing in Indianapolis, IN.

Please consider paying it forward by volunteering your time and talents to serve on the IN CRS Chapter with a Heart Committee that plans this event that benefits a worthy cause:

Children Are Our Future!

Or, if you can donate a desirable treasure –> an item that can be auctioned off to raise proceeds for Riley’s, that would be much appreciated also!

Contact Grace Safrin, CRS @ 219-309-3809 or safrin@jorsm.com Tweet @safrin

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Zionsville Real Estate Market Report for January, 2012

03-12-12

Mike Woods

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Office: (317) 578-3220

Another bright spot was that the total number of homes for sale in Zionsville fell 4.3 percent in January compared to the previous month—a very welcomed change to be sure. Compared to last January’s total of 248, however, this represents a net increase of 8.9 percent. In comparison, there was a 2.4-percent drop in the number of Indianapolis homes for sale versus the previous month, and a 17-percent decrease versus January of 2011. Finally, from November of 2011 through January of 2012 there were, on average, a total of 283 listed on the Zionsville Indiana market, or 4.8 percent more, compared to this same quarter 1 year ago, when the average was 270 per month.

View the complete, original article here.

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