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Just Released : Local Market Update | Sept 22

Housing data released by MIBOR comparing Aug 22 to Sept 22 are in, and to no one’s surprise, the local real estate market is slowing in Indiana’s 16 central counties.

The facts are:

  • Closed sales are down from 3,521 –> 3,239
  • No change in Price – hovering at 285K
  • New listings are down from 3,791 –> 3,412
  • Days on the Market is up from 22 –> 28
  • Active Inventory is up from 4,004 –> 4,356

Do you know what I am telling my clients – breathe. If now is not the right time, take this time to prep for your next move.

  • If you are selling, schedule a consult, and I will give you my expert opinion on what improvements should be done or NOT DONE for the highest return
  • If you are buying, let’s get the financing in order, OR let me do some research in some prospective areas

We have lots of resources on our website so check them out! As always, I am happy to jump on a call to discuss your needs.

Upgrade Your Bathroom This Fall with These Design Trends or Not?

Fall is upon us and, for many homeowners, the new season means a new opportunity to renovate, refresh, and redesign their homes.

And that includes bathrooms.

But when it comes to bathroom design, what’s trending this season?

recent article from realtor.com outlined some of this season’s biggest bathroom design trends to help you revamp and refresh your space, including:

  • Add a gallery wall. Gallery walls are a design staple in living rooms and entryways. But creating a gallery wall in your bathroom is unexpected—and can lend charm and character to the space. (And on a shoestring budget!)
  • Wall mount the faucet. Want to add visual interest and functionality to your sink area? Consider mounting your faucet on the wall. Not only will a wall-mounted faucet make your bathroom look on-trend, but it can also create more surface space on your vanity.
  • Striped shower tiles. If you’re considering a more extensive bathroom remodel, one trend you’ll want to consider? Going bold with your shower tiles. Embracing bold colors and patterns is extremely on-trend this year, with striped shower tiles being particularly trendy.

Read the full article

OR it may be time to find a house that better fits your needs today.

Call me at (317) 625-0655, and I can help weigh the pros/cons.

 

Don’t Give Up on Buying a Home if You’re a Millennial Renter

Almost 25% of Millennials (ages 26-41) claim they plan on renting forever, according to this Apartment List article. That’s nearly double the amount since they started their ongoing survey of 31,000 Millennials in 2018.

In the grand scheme of things, 1 in 4 Millennials swearing off homeownership forever isn’t earth-shattering news. To put things in perspective, the highest rate of homeownership ever was 80% in North Dakota back in 1900. But generally speaking, the homeownership rate has hovered in the 65% range nationally for almost 5 decades. Some people will always be renters; homeownership isn’t for everyone.

There are four main reasons they give for not buying:
• They feel it’s financially risky (19%)
• Don’t want the costs of maintaining a home (30%)
• They like the flexibility renting allows (28%)
• Can’t afford to buy a house (77%)

Call me to discuss your specifics. It may be the right time for you now!

Read the full article