Episode #85 'We Talk Real Estate' every week, discussing the challenges of buying and selling."

What once seemed like it was as hot as lava, the U.S. housing market now seems to be cooling down pretty quickly. But why? There seems to be enough people looking to buy homes right now with Millennials making up 43% of homebuyers, up 5% from last year. They are looking for more space and a place to set down some roots. So what seems to be the problem? This week on Indy Real Estate Market:  We talk today's stats about our local markets with actual data pulled on 10-25-22. 

Shelly Walters with the ShellyWaltersRealtyGroup talk with Kyle Morris Property Group FC.Tucker Carmel about our local markets including Indy Metro with Justin Griffith WITH Keller Williams Indy Metro North East. 

Kyle Morris FC. Tucker and Justin Griffith (KW) show this week. There are a number of factors that drive the real estate news cycle, including interest rates as they impact the price and demand of real estate, home prices, and government policies and legislation, including tax incentives, deductions, and subsidies that can boost or hinder demand for real estate.

Industry professionals turn to HousingWire’s real estate news to learn about policy that is shaping lender and consumer activity, best practices being incorporated by leading industry professionals and agencies, and economic and market trends that are guiding strategies and opportunities for real estate and mortgage professionals.

Thank you to Kyle Morris FC. Tucker, Justin Griffith Keller Williams & Tony Cardenas Host of Indy Real Estate Market. Weekly 

Podcast data pull 10-18-2022

Listen to the podcast  www.IndyPodcast.Media 

We are on Spotify and Apple Podcast:  Indy Real Estate Market ... weekly update!

Our market is changing daily. This is a very different housing market be ready if you are a seller "do not miss out" on a great offer.  Buyers are looking for listings with an opportunity like buying the mortgage fixed rate down. If you are a seller you must have a strategy ready to sell your property. If your house is sitting for (30) Days plus you have lost more than an "interest rate point buy-down" for the potential buyer. If you have a pre-approval get "re-prequalified" interest rates have increased. You can get a (7) year ARM at a better rate compared to a 30-year fixed rate and refinance your home and reduce costs later. Get in the house now before rates increase again and they will go up the Feds are talking increases.

This week's week's guest on the podcast.

Indy Real Estate Market | Podcast | www.indypodcast.media

We talk Indianapolis and Hamilton County markets are better than most news on housing reports. Mortgage rates have improved a little and buyers may get a reduced price on a listing subject to area of purchase. 

Housing Wire update - October 3,2022

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight.

Median home prices in August fell 0.98%, only slightly better than July’s 1.05% monthly decline. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter home buying season.

The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday.

Skyrocketing mortgage rates – now in the 7% range for some buyers – and limited inventory have driven mortgage affordability to its lowest levels since the early 1980s, a reversal from the frenetic boom in buying during 2020 and 2021.

With mortgage rates at 6.7% as of Sept. 29, it takes 38.2% of the median household income to make the monthly mortgage payment on the median-priced home bought with a 30-year mortgage and 20% down, Black Knight said. That monthly payment is up $930 from August 2021, a 73% increase.

“Historically low inventory – along with record low interest rates – was one of the key drivers behind U.S. home prices seeing essentially a decade’s worth of appreciation in just two-and-a-half years,” added Ben Graboske, Black Knight’s president of Black Knight data & analytics.

Indy Real Estate Market Report 317-480-4115 

Staff this week: Kyle Morris FC.Tucker Real Estate, Justin Griffith Keller Williams & Tony Cardenas Host of IREM 

Housing stats MIBOR dated 10-03-22 @ 10:28AM 

#indianapolis #carmel #indiana #realestate #mibor #hamiltoncounty #marketnews

We say pay no attention to the national news. Indianapolis Metropolitan area including Hamilton County this week. Slower growth in the housing market in the appreciation arena. You have a lot of inventory to choose from along with new home construction. We now have builder inventories. Incentivize your listing to get top dollar out of your listing - Get the attention on your listing.  Questions or need an agent contact us: 317-480-4115 

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Thank you to our realtors this week! 

Indy Real Estate Market - Podcast

www.indypodcast.media 

If you are getting ready to hire a real estate agent to sell your home list listen to this weeks podcast. We talk inventory days on market. Plus we talk lightly about new home construction. Greg Cooper says his email box is starting to blow up by the home builders. Please call one of our local agents on housing information in the area where you are thinking of selling or buying your dream home. Next week local home builders inventories. Need information @ 317-480-4115 Leave us a message. 

Thank you to the team. Kyle Morris is out this week for an appointment. Justin Griffith is out on a trip to Spain and Shelly Walters has sold several homes in the last week.

www.indypodcast.media aka: Indy Real Estate Market - On Spotify and Apple Podcast

Home inventories "days on market" increase along with fixed-rate mortgages starting to increase slightly. But if you are going to buy a home in this market you have a lot more housing inventory to choose from. We say always purchase a home from a real estate agent and get professional guidance you need in a major life purchase. 

Wall Street Journal Report: 9/13/22 U.S. consumer prices overall rose more slowly in August from a year earlier, but increased sharply from the prior month after excluding volatile food and energy prices, showing that inflation pressures remained strong and stubborn.

The Labor Department on Tuesday reported its consumer-price index rose 8.3% in August from the same month a year ago, down from 8.5% in July and from 9.1% in June, which was the highest inflation rate in four decades. The CPI measures what consumers pay for goods and services.

So-called core CPI, which excludes energy and food prices, increased 6.3% in August from a year earlier, up markedly from the 5.9% rate in both June and July—a signal that broad price pressures strengthened.

On a monthly basis, the core CPI rose 0.6% in August—double July’s pace. Investors and policy makers follow core inflation closely as a reflection of broad, underlying inflation and as a predictor of future inflation. #WSJ #economy #Inflation #usa 

Thinking of selling your home now is an absolutely great time. Homes in the Indy Metro areas are selling quickly and prices are holding steady. Buyers you have more choices and you can actually in most cases probably go back and take a second look at the home you want to possibly purchase. Our local market has changed a lot for all buyers and sellers. Sellers' homes are still selling quickly days on market (DOM) are still relatively short that great for both sellers and buyers. Interest rates have ticked upwards on the fixed mortgage rates. If you need assistance with housing questions contact a realtor on our podcast. Shelly Walters EXP, Justin Griffith Keller Williams, Kyle Morris FC.Tucker. 

Mortgage Rates will be announced starting next week along with some new mortgage products on Non-QM loan choices. Plus FHA has lower credit scores programs and Jumbo Loans that may be lower than conventional mortgage rates! All information is subject to change without notice. 

Thank You to Shelly Specchio CEO of MIBOR Realtor Association this week. 

Indy Real Estate Market Email: info@indypodcast@media 

Weekly Update | Host: Tony Cardenas | This week's stats: 09-07-2022

This week we talk about the local markets every week and the great news is that Indy -Hamilton County markets are getting a lot of listings and the days on market are really good. Right now "future home buyers" have more choices than they did just a few months ago. The other great thing is that the Feds have not raised the rates again... Coming Soon! This is a great opportunity to buy a home and sell because we have inventory before our city. The nice thing is you have choices before you did not. Yes, the rates are up but you are not paying thousands of dollars over on a house. 

Think about this you can purchase a home today that has recently had a price reduction "reduced price" and get a fixed rate this week in the five percent range. Buyers purchase the home and "date the rate" consider an adjustable-rate mortgage for the first (5 or 7) years you can refinance once the rates come down. 

All information is subject to change without notice. Interest rates are subject to change and what we talk about on the podcast is a 780 credit fico Score with a 20% down payment and verified information and all loan applications. All mortgages are subject to approval by lender guidelines no exceptions. 

Always buy a home from a local realtor in your area that knows the market. 

Indy Real Estate Market! Email: [email protected]

Now you have the opportunity to look at several homes in your area of interest compared to 90-plus days ago. We touch on the actual data every seven days Wednesday to Wednesday this week. Carmel, Fishers, Westfield, and Noblesville markets have a good inventory of homes. Listen to our days on market for each area. Some homes going for over the asking price as well some properties are being reduced from the list price. We are returning to a more stable market compared to Spring 2022. Interest rates are inching up but we are not exactly sure what the FEDS are doing in Washington. We will keep you posted on rates. 

Have a topic you what to know about email us. Also please follow us weekly. 

★ We say always use a professional real estate agent that knows your area of interest. A Realtor's advice can really help you make the most important decision when buying or selling a home. Reach out to our team of expert realtors this week. 

Need some real estate information... reach out to us here: [email protected]  We will send it directly to the agent you request on our podcast and get your questions answered.  

Please listen to the mortgage market rates weekly on the podcast. If you need a mortgage quote email us and we will send it to one of our Indiana-licensed mortgage experts. [email protected] We do not post rates because mortgage rates change a few times a day! Banks vs.Lenders vs. Brokers there is a difference in rates and closing costs. Our message do-not pay points!

Coming on the podcast:  Boone County & Hendricks County - Market Stats 

Thank You to the Shelly Walters EXP, Justin Griffith Keller Williams, and Kyle Morris FC. Tucker

Podcast: Indy Real Estate Market, Host Tony Cardenas  #IndianaRealtors #Mibor #HamiltonCountyHomes