Indy Realtor's Blog: All Categories

Today I wanted to look at what is happening on one of Indy’s most popular suburbs: Fishers.  Fishers real estate is so popular because it is very affordable and approachable for the average family and the schools and family friendly atmosphere is fantastic.  Let’s take a look at some numbers for year to date sales stats for Fishers Indiana real estate:

Month Number Homes Sold % Change Average Sales Price % Change   2008 2009   2008 2009   Jan. 69 … Read Full Post

I reported this on my personal blog several days ago, but I thought I would write about it here too. Ryan Homes has entered the Indianapolis real estate market taking over a defunct local builder’s land and appears to be coming into the market full force. Starting out with 10 communities across the greater Indianapolis area, Ryan Homes is offering homes for the first time home buyer with homes starting from the 90’s. Ryan Homes will be building homes in Franklin Township, Brownsburg, Noblesville, Westfield, and Greenwood to start out.

We have created a few different resources to keep track of Ryan Homes as they enter the market. Please feel free to visit the following websites for more info:

Ryan Homes Indianapolis

Ryan Homes Branches

Ryan Homes…

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Today I wanted to look at what is typically one of the strongest markets in the greater Indianapolis area; Fishers real estate. Fishers real estate typically outperforms almost all other areas on Indianapolis and is a good bellwether of things to come in the market. Let’s take a look at what happened in July 2009 vs. July 2008 on the Fishers market:

  2008 2009 % Change Active N/A 650   Homes Sold … Read Full Post

I just received this email from Trulia “affording me the opportunity” to help millions of homeowners in need by helping Trulia create their foreclosure glossary:

“More home buyers and owners are going through the complex foreclosure process today than ever before.  That's why we're asking real estate experts (like you) from the Trulia Voices community to help create a Foreclosure Glossary. 

What's in it for you?  The Foreclosure Glossary is a great opportunity to showcase your foreclosure expertise and help millions of homeowners in need.

Take a minute to share your foreclosure expertise here!”

The part that seems to be omitted is “What’s in it for Trulia???”

Let me put this email through my Trulia Translation Machine and tell you what it…

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I wanted to highlight two different and contrasting areas of the Indianapolis real estate market today: Broad Ripple and Meridian Kessler.

Broad Ripple: Broad Ripple is arguably one the “coolest” areas in all Indianapolis and offers the areas best nightlife.  Butler University is right around the corner and the college atmosphere overflows into the streets of Broad Ripple. However, Broad Ripple is one of Indianapolis’ “cultural districts” and has more to offer than just a great nightlife and a young atmosphere.  I actually thing the discover Broad Ripple website sums it up quite well “Diverse street life, quaint shops and hot night life are set to the back drop of public arts, graffiti murals and beautiful greenway.  Art galleries,…

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The area of Geist in Indianapolis is one of the only areas in the metro area where you can find true waterfront living.  Geist is not a town or a city, but more of a community in the northeast portion of Indianapolis and it shares its borders with several other cities including Fishers, McCordsville and Fortville.  Geist is centered around the areas most popular body of water, Geist Reservoir.  Geist reservoir is a man made lake that has seen a boom in construction of past decades.  As a result, both new homes and existing older homes can be found in the Geist area.   

Geist real estate comes in all shapes, sizes, and price ranges.  Modest condos can be found in the low 100’s while waterfront homes can easily run into the millions.  The Geist area also…

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Well, not quite but almost.  According the most recent PMI Risk Index there are some areas of the country where there is over a 99% chance that home prices will decline in the next two years.  However, Indianapolis along with several other metro areas in the country are at the complete opposite side of the spectrum.  According to this index, Indianapolis has less than 1% chance that home prices will be lower in the next two years.  That is a number worth betting on.

This really drives home the point that all real estate is local.  While some parts of the country are all but guaranteed to see declines in home prices, others are likely to see price increases in the same time frame. 

Here is the full list with their corresponding risk indexes:

   …

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I am quite sure Benjamin Dona will write a much more insightful post about this, but the FHA has clamped down guidelines again in order to stem the “buy and bail” buyers. Essentially buy and bail is when a person purchases a new home, vacates their old house and claim that they will be renting it out to offset their debt to income ratio. They then let the old home go to foreclosure with no intention of renting it out.

Until now, all that was required for FHA in this situation was a lease agreement. No more. FHA has instituted new underwriting guidelines that require the borrower to qualify for both mortgages. Lenders are now NOT allowed to consider any rental income from a property being vacated by the buyer.

There are however 2 exceptions that do…

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