Posts tagged with "Buying"

Look just Reached an All Time High…

NAR (National Association of Realtors) conducts an annual survey of home buyers and sellers who recently completed a transaction within the last 12 months.

One highlight that did not surprise me a bit was that BUYERS ARE MOVING FURTHER. The median distance purchasers moved from their previous homes reached an all-time high of 50 miles. Historically, the median distance moved has been between 10 and 15 miles.

Why the huge uptick? Buyers are being driven to the market to be closer to family and friends, with affordability at the top of their minds. Small towns and rural areas are now being considered as inventory is low.

When you are ready, know that our service territory ➡️extends from Columbus and Brown County on the south to Tipton up north and from Greencastle to New Castle. L👀 k at that map! In recent years, we have sold homes in counties all over central Indiana.

Regardless of where you want to move— we can help you get the job done right. We work harder to make good things happen!

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.

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!

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