Indianapolis Real Estate - Absorption Rate
Recent requests for absorption rates prompted me to take a look at the current absorption rates in some of the cities around the Indianapolis area. The absorption rate is based on supply and demand and indicates the month’s supply of homes ...
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Posted by Paula Henry on June 28, 2008 in Market Statistics
Making English Out Of Fed-Speak (June 2008 Edition)
The Federal Open Market Committee left the Fed Funds Rate unchanged at 2.000 percent this afternoon, as expected.
In its press release, the Federal Reserve noted the co-existence of inflation and recession. On inflation, the Fed said ...
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Posted by Paula Henry on June 25, 2008 in Mortgage News and Info
The Midwest Flooding And Its Impact On Your Home Mortgage
Flooding in Indiana and the Midwest has displaced thousands of families and caused billions of dollars in damages. It may also cause mortgage rates to rise. As the extent of the damage becomes more clear, prices for grain and livestock ...
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Posted by Paula Henry on June 20, 2008 in Mortgage News and Info
Indianapolis Real Estate Appreciation
I found this cool calculator just sitting on my desktop and thought I would share it with you. It’s a simple tool for calculating appreciation or equity growth.
Since it is not specific to a neighborhood or area of town, the results may ...
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Posted by Paula Henry on June 18, 2008 in Mortgage News and Info
Happy Fathers Day
This Father’s Day is a bit more special than any previous Father’s Day. I grew up the oldest of seven children and my Dad was my hero.
He always had a way of making everything okay – from skinned knees to fights with my siblings. ...
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Posted by Paula Henry on June 15, 2008 in Random Thoughts
Time to Pay Up - Indianapolis Real Estate Taxes - C-Bill Due
The time has come for the homeowners in Indianapolis to realize the effect of the “stay” on taxes ordered last year by Governor Daniels.
Almost one year ago, the uproar over tax bills could be heard throughout the city of Indianapolis as ...
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Posted by Paula Henry on June 13, 2008 in Real Estate News
Guess Which 4 States Accounted For More Than 50 Percent Of May 2008 Foreclosures
RealtyTrac released its most recent foreclosure statistics and if you only read the headlines, you think the entire country was on the verge of losing its homes. The underlying data tells a different story, however. More than half of the country's ...
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Posted by Paula Henry on June 13, 2008 in Real Estate News
Simple Real Estate Definitions : PITI
Most homeowners make four housing-related payments each month:
Principal on a mortgage
Interest on a mortgage
Taxes on the real estate owned
Insurance for the real estate owned
Collectively, these payments are known by the acronym PITI but ...
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Posted by Paula Henry on June 11, 2008 in Real Estate Terms
Indianapolis Real Estate, Flood Plains and Homeowners Insurance
Last weeks rain and subsequent flooding in several locations around the state have left many homeowners wondering if they will ever return to the place they called home. They are digging out their belongings, trying to salvage what ...
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Posted by Paula Henry on June 9, 2008 in Real Estate News
Hiring the Right Real Estate Agent
How do you decide which agent to hire to market your home and represent your interest in the home selling process?
Maybe you have a friend who’s an agent, someone at work has a license, your neighbor, or brother-in-law. Your ...
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Posted by Paula Henry on June 9, 2008 in Seller Information
What to do in Indianapolis
When you can’t decide what to do or just don’t know what is happening around Indianapolis, don’t despair! AroundIndy.com is a great website dedicated to keeping track of “things to do” around Indy.
They offer an ...
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Posted by Paula Henry on June 6, 2008 in Indianapolis Things to Do
To Paint Or Not To Paint? Advice for Indianapolis Home Sellers and Home Buyers
Decorating a home is truly a matter of personal preference and one distinct difference of opinion between home buyers and home sellers is often paint color.
While you may love the red wall in the family room, if you are trying ...
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Posted by Paula Henry on June 5, 2008 in Buyer Resources
How Long Do Household Items Last?
When you’re buying a home, knowing the condition of major systems in the home is an important factor to consider. The cost of repairing and/or replacing major components can equal a substantial investment.
This is also great information ...
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Posted by Paula Henry on June 1, 2008 in Home Maintenance Tips