Michelle Morris's Indianapolis Real Estate Blog
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| Blog Name: |
Michelle Morris's Indianapolis Real Estate Blog |
| Url: |
http://mmorris.wordpress.com |
| Language: |
English |
| Topics: |
real estate, Indianapolis, Realtor |
| Description: |
News and musings about real estate in the Indianapolis area, especially focused on Hendricks County and Indy's west side. |
| Popularity: |
5 Followers |
NAR Cheif Economist predicts increase in home sales for 2010
“Home sales will increase 15 percent to about 5.7 million units and REALTOR® income will be up 20 percent in 2010, NAR Chief Economist Lawrence Yun told a packed room of REALTORS® today in a residential economic update at the 2009 NAR Conference & Expo”
Yun says that the First time home buyer tax credit helped bring a lot of new buyers into the market, which helped lower available inventory. A type of domino effect then occurred, when the sellers of those homes bought move-up homes. The increase in sales also helped to stabilize prices, and boosted confidence in the overall market.
This stabilization is set to continue into 2010
Top 10 Reasons to list NOW during the Holiday Season
Many people think that November and December are bad times to list their house, but I have a few reasons why NOW might be the right time for you.
There is less competition for buyers
If buyers are out looking at houses in the snow, they’re probably more serious!
Holiday Decorations make your house look even prettier than normal
People really will understand if you need to turn down a showing because of a family event
Buyers are on vaca
Indianapolis Suburbs- Zionsville
Zionsville is located just NorthWest of Indianapolis, just north of the 465 loop. Easy access to I-65 and the 465 loop and a commute time to downtown of about 20 minutes makes Zionsville a popular location. People like to use words like cozy, artsy and unique when talking about this susburb of Indy in Boone County.
Town of Zionsville Website
BusinessWeek rated Zionsville as Indiana’s ‘Best Affordable Suburb’ in 2009.
As of today, there are 295 Active listings in Zionsville accordi
Pending home sales up nationally, 8 months in a row!
Great news! Read the full article and see the video here at Realtor.org
Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001, according to the National Association of Realtors®.
Posted in Buyers, Economy, Real Estate News, Sellers
Homeowners facing Foreclosure might be able to Lease their homes back
Fannie Mae has introduced a new program called Deed-for-Lease™ (D4L). The Deed-for-Lease Program allows homeowners who are facing foreclosure a way to stay in their homes as renters instead of losing the home completely.
The Program allows qualified borrowers to transer the property back to Fannie Mae through a deed-in-lieu of foreclosure (DIL) and then stay in their home as tenents. Borrowers facing the fear that they can’t pay their mortgage need to get in contact with their lender and ask if they qualify for this program. If they determine that you qualify, you must be able to pay a fair market rent, not to exceed 31% of your monthly gros
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