Cost of Owning vs. Renting in Indiana
A very popular Indiana housing belief is that – before a housing recovery can begin — the cost of owning an Indiana home versus renting one must comeback to historical levels.
And, if that is true, a national return to rising home prices just may be in store for 2009.
Decreased home prices coupled with tumbling mortgage [...]
Best time to Refi in Indiana
If you are in Indiana and have any equity in your home it is the perfect time to refi. Rates are still historically low, and soon there will be some changes from Fannie and Freddie that will make refi’in a tad harder. I have a great example of why it is more than perfect time [...]
Read more »This Week in Indiana Mortgage Rates
Last week, traders brushed off the passage of the American Recovery and Reinvestment Act (porkulus) and the President’s mortgage relief plan. (the jobs not as easy as you thought)
It really showed just how insecure the markets are about the stimulus package and the impact it could have on the economy. My own fear is rampid [...]
Tax Credit for Indiana's First Time Home Buyer
The Stimulus Bill was pass earlier this week and there are some good points to it after all. The good news is for the First Time Home Buyer in Indiana, with the $8000 Tax credit. (that you do not have to pay back)
Here is a Quick Summary:
- First Time Buyer means Haven’t owned a home [...]
How Porkulus will affect Indiana Mortgage Rates
The American Recovery and Reinvestment Act of 2009(Porkulus) was signed into law Tuesday in Denver, Colorado(for a bill that President Obama said we needed why did he wait 3 days to sign it).
Tuesday, however, the stock markets fell near their November 2008 lows.
The two actions are related. (for every action there is a reaction)
For [...]
The Week Ahead
In anticipation of a strong, government-led stimulus plan, the mortgage markets improved with gusto early last week only to fizzle with equal speed as efforts fell short of expectations. I really think the ball is being dropped on this Porkulus package, they are not getting the right people involved in the development of some stimulus.
The [...]
I am Confident, aren't you
Consumer Confidence fell this month for the first time in three months, reflecting how concerned Hoosiers are for this economy, housing, and the financial system.
The report is not that much of a surprise given that our collective exposure to a near-constant stream of negative news from the likes of CNN and BSNBC. Before long, the [...]
Stimulus package good for more than just 1st time home buyers
As Congress is nearing an agreement on the $789 billion stimulus package and with the President expected to sign it into law, the clock just may be ticking for this year’s home Indiana buyers and Indiana homeowners.
The package will contain two benefits related to Indiana housing.
The first provision is pretty well-known. It gives first-time home [...]
Indiana Investment Property
Last Friday, Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months.
So, March 1, 2009, Indiana real estate investors will once again be able to own and finance up to 10 individual properties. But, the restriction roll-back will come with new minimum requirements. .
Those Indiana real estate investors that [...]
Best Cities in Indiana for Jobs
I just read a nation report on the best cites in the nation for job growth. Well, none were in Indiana and that got me thinking. We have to have some cities and towns that are going to be good this year for job growth. This is all my opinion and I could be wrong.
Indianapolis [...]
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