All is not lost in the residential real estate market! Bloomberg Businessweek ranked Indianapolis-Carmel Indiana as #18 of the most improved residential real estate markets.
More good news...
The June 2010 Market Report of the BLC listing service shows that units sold for the quarter increased 10%. New pendings for April through June are down 5%.
Mortgage notes...
Rates remain extremely low. Today's rate for a 30 year fixed rate mortgage is 4 3/8%.
Despite the low rates, mortgage loan activity has decreased by 2.9% through July 9, 2010 as reported in the Indiana Business Journal's Real Estate Weekly e-newsletter.
Rates will definitely not stay this low much longer. If you are thinking about buying or selling a home - there is still time to do so this year and take advantage of attractive home pricing and financing options. Call me, Julia Evinger, at Century 21 Scheetz, to get current market information about your home's worth. I will also run comparables in neighborhoods you are considering a purchase.
More good news...The June 2010 Market Report of the BLC listing service shows that units sold for the quarter increased 10%. New pendings for April through June are down 5%.
Mortgage notes...
Rates remain extremely low. Today's rate for a 30 year fixed rate mortgage is 4 3/8%.
Despite the low rates, mortgage loan activity has decreased by 2.9% through July 9, 2010 as reported in the Indiana Business Journal's Real Estate Weekly e-newsletter.
Rates will definitely not stay this low much longer. If you are thinking about buying or selling a home - there is still time to do so this year and take advantage of attractive home pricing and financing options. Call me, Julia Evinger, at Century 21 Scheetz, to get current market information about your home's worth. I will also run comparables in neighborhoods you are considering a purchase.
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