admin  Wednesday, November 25, 2009

On October 22, IAR released the sixth Indiana Real Estate Markets Report. The Report, found online at http://www.indianaishome.com/4_0_Reports.asp, is the first-ever county-by-county comparison of existing single-family home sales in the state. Download the report and find out how your county fared. While there, be sure to catch the video, Affordable Housing Thrives!

It is based on a new element of the Report, an affordability index, which compares the median income to…

admin  Wednesday, November 25, 2009

Per legislation from 2008, it is now Indiana state law that a lender must acknowledge a short sale offer within 10 days of receipt and accept or reject the offer within 30 days of receipt.

admin  Wednesday, November 25, 2009

The just released Housing Opportunity Index (HOI) reveals that Indianapolis was the most affordable major housing market in the country in the 3rd quarter of 2009. This is the 17th consecutive quarter Indy has received the top ranking. Nearly 95 percent of homes were affordable to households earning the median income. The Housing Opportunity Index is a measure developed by the National Association of Home Builders and Wells Fargo.

admin  Wednesday, November 25, 2009

Lately, there seems to have been a significant influx of misinformation regarding the American Energy and Security Act (often referred to as Cap and Trade) making its way from mouth to mouth and e-mail in-box to e-mail in-box. This has left many asking if this bill requires a government energy audit before a home can be sold. The answer is no.

admin  Wednesday, November 25, 2009

Last week marked the official start of the 2010 legislative session of the Indiana General Assembly. Tuesday was “Organization Day,” the official start of the legislature. While mostly a ceremonial day, legislators wasted no time staking positions on several priority issues – one of which are the caps on property taxes.