Market News

Its About the Housing Data

Nah, it’s not all about the Housing Data, though it does give you insight on what is happening month to month, year over year. Housing data released by the MIBOR BLC® listing service comparing January 2019 to January 2020 shows:

  • An increase in Median Sales Price of 6.8% to $181,500
  • An increase in Closed Sales of 9.3%  to 1,803
  • New Listings increased 3.1 % to 2,533

 

Specifically in Marion County, we are seeing increases for single-family homes year over year. If you want to see what is going on specifically in your area, CLICK HERE to request a more detail report.

And with tax season right around the corner, I am sure $$$ are on your mind. I ran across this decent article that outlines what’s tax-deductible when buying a house. Closing costs, mortgage interest, property taxes and even moving expenses can be. Of course, when in doubt, always consult with a tax professional.

Read the full article here

Until next time, make it a great one!

 

Buying A House? NEW houses have LESS space, MORE conveniences

According to the National Association of Home Builders (NAHB), homes keep shrinking. In the past four years, the average build downsized and now averages 2,520 square feet, with fewer rooms. Builders are modifying their floor plans from the once-popular 4 BR, 3 BA layout to the Open Concept with lots of bells and whistles.

This is exactly what we are seeing in the housing market these days. Buyers want LESS space and MORE conveniences. AND it is most likely what you are looking for in your next home.

What does this mean for the Seller? Buyers are demanding that older homes be updated and have these bells and whistles. Conveniences like ENERGY-STAR-rated appliances, SMART techonology, upgraded flooring and fixtures, to name a few. We are starting to see an influx of houses hitting the market week after week showcasing these new trends. Text/Call me at (317) 625-0655 and let’s check them out before they are gone!

To read the FULL Article, Click HERE

House Envy. It’s A Real Thing

Credit: My Job Quote

What a Superbowl 🏈Game! CHIEFS did it again – pulled it out in the last quarter! Between the chicken wings covered in Lynn’s secret family BBQ  sauce or the seven layers of happiness, I sure ate way too much.

While recovering, I came across this infographic and thought how true it is. Over 70% of homeowners in the US have copied a neighbor’s decor. Top areas include indoor/outdoor furniture and color schemes. Hopefully, this doesn’t surprise you. Because its human nature – someone tried the latest trends and it worked. So why not try it in your own house.  😉

Wondering how this relates to buying/selling a house … I see it every day. Most SELLERS need to update their homes to sell fast and get top dollar.  But instead of consulting with an expert, in the field, they compare themselves with their neighbors. Then they go out and spend thousands of $$ dollars and hundreds of hours in sweat equity for a small return.

We all know that 9 out of 10 BUYERS want a move-in ready house.  They don’t want to update it once they move in (because they most likely just updated theirs!)

So if you are planning on selling your home 🏠 in the very near future and BEFORE you spend up to $10,000 to compete with the Jones, Consult with an expert, not your neighbors. I offer a FREE Room By Room Analysis with “No Strings Attached”. I know first hand what buyers are looking for.

Not selling this Spring? No worries – there are benefits in talking with me early – Give yourself some time to plan for those repairs/home improvements. Happy to help so when the time is right – you can yield a quick home sale as well as sell for the most $$$.