Indiana Real Estate News Blog

Indiana Housing Market Statistics: October 2022 Report

Curious about Indiana's current real estate market? Below are the Market Statistics comparing October 2022 transactions to the prior calendar month (September 2022) and the same time in the preceding year (October 2021).

Single Family Homes - October 2022 Market Statistics

Condos - October 2022 Market Statistics

For October 2022, closed sales for ...

How Getting A License For Real Estate Investments Can Benefit You

It's a common question among property investors whether getting a real estate license is worthwhile in terms of both time and money. 

Obtaining a license for real estate investment comes with several benefits. 

There are several benefits to investing the extra time and money to obtain a real estate license, including the ability to use your own license to identify good bargains, network with other licensed agents, and earn more money through commissions.

Of course, you may always work with a real estate agent exclusively to locate the ideal fit, but doing so will cost you money because you will have to pay the agent a commission each time you sell. 

Finding a real estate agent who focuses on investment properties is another thing you'll need to do.

How A License Could Be Beneficial For Real Estate Investing

Experts...

What Do You Need To Apply For Mortgage

If purchasing a home is on your bucket list, there are six considerations to make that may improve your ability to obtain a mortgage.

What Do You Need To Apply For A Mortgage

Manage Your Credit Rating

In order to ensure that you can make your recurring home loan repayments, lenders will carefully examine your credit report. Therefore, if you're thinking about buying a house, it's crucial to make sure that you're paying all of your expenses on time and avoiding being late with any repayments.

Check Your Current Credit Score 

Contrary to popular belief, reviewing your credit report won't actually harm your score as a whole.

Actually, there are two different ways that your credit score can be checked. A "soft" inquiry, such as checking your personal credit record, won't lower your score. Giving a lender your consent to examine your credit report, however, is regarded as a "hard" inquiry and does have an impact on your credit score.

Here are some tips to improve or maintain a good credit score:

Track Your Spending

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How To Make Your Home Cozy

People yearn to have a place that offers warmth and safety, and it's evident even during earlier times.

For instance, the Stone Age people who lived in caves protected by warm fire and round wooden or stoned huts with thatched roofs that Bronze Age People lived in.

Even until now, the same principle is applied, whether it's a 10-bedroom luxury home or a 250 sq ft studio apartment. 

The need for an accommodation that offers safety and coziness is essential, and is part of being human.

So the question remains: how to make your home cozy? Here are some tips that might help!

How To Make Your Home Cozy On A Budget

Create A Mood

A cozy atmosphere requires candles as a fundamental component. 

They don't just emit lovely, delicate lighting, but they also make the room seem cozier and smell better.

Advice: Use festive aromas to get in the holiday spirit, or pick a summery scent to chase away the winter blues, such as coconut and flowery.

Bake! Bake! Bake!

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Real Estate Terms To Know

If you’re new to real estate, whether as a buyer or an agent, decoding the industry itself can be challenging.

It’s complex to learn the process of selling, buying, or investing alone, and so is learning all its jargon. However, it’s critical to know even just the basics before you dive into it to avoid further confusion.

In this post, we’ve listed some of the commonly used real estate terms to know.

Real Estate Terms To Know

Adjustable-Rate Mortgage (ARM)

In layman’s terms, it is a mortgage with a variable interest rate. During the initial period, the interest charged to the loan is fixed, but after that, the rate will adjust at monthly or yearly intervals.

Appraisal

To determine the approximate worth of the real estate, an appraisal is necessary. The mortgage lender sends a property appraiser to assess the asset's worth. This helps the lender determine if the amount...

Great News For Home Buyers!

If you are a serious home buyer looking to buy a home in today's market, we have 3 good news for you.

1. More Options

With buyer demand skyrocketing while the housing supply really low, the past couple of years have been very challenging for home buyers. But that's no longer the case this time around. An increase of 39.5% in housing inventory can be seen for the week ending October 28 compared to the same week in 2021, according to a study conducted by Calculated Risk.  This means home buyers have more options in choosing the best home that suits their needs.

2. Less Competition

Compared to the last two years' low supply and intense competition fueling record-high prices, the market is finally on track to become more balanced. ...

Is Owning A Home Worth It

A significant financial accomplishment and source of pride is owning a home. One important factor is that owning a property increases your equity, which significantly raises your net worth. The connection between owning a property and increasing your wealth is particularly crucial at this time of high inflation.

Here are some reasons why starting your path to homeownership now would be a good idea if you're wanting to improve your financial security.

Is Owning A Home Worth It?

According to a National Association of Realtors (NAR) survey, there is a sizable wealth gap between homeowners and renters, which is just one of several trends related to homeownership. It says: “the net worth of a typical homeowner is about 40 times the net worth of a renter.”

This difference indicates that acquiring a home is an essential step on the road to financial success.

Homeowner's Net Worth Can Be Significantly Increased By Equity Gains

The fact that homeowners accumulate equity contributes significantly to the wealth gap between owners and renters. When you own a home, your equity...

Celebrity Real Estate Investors You Might Not Be Aware Of

Our favorite Hollywood stars seem to have everything they need (and want) — flawless skin and body, fortune, talent, and access to lavish properties in stunning locales. Every amenity and luxury may be found in their residences.

But for some actors, investing in real estate is more than just a way to buy a fancy estate or a mega-mansion; it's a way to combine their passion for their homes with their sense of entrepreneurship. These stars have made a significant side business out of their love for luxury residences.

In this post, we’ve compiled the top 10 real estate moguls consisting of an Oscar-winning actor leasing his Palm Spring home for thousands of dollars a night; actresses who made more fortune flipping homes to fellow actors and actresses; and a movie star owning commercial real estates in various locations around the world.

These actors have made an enviable livelihood outside of their chosen professions by investing in real estate, and they have the portfolios to prove it. Whether they flip or remodel, adore commercial or residential, or own property in this nation or another, they love owning real estate.

Top 10 Real Estate Moguls

Leonardo DiCaprio

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Open House Etiquette

Generally speaking, there aren't any strict rules for an Open House. However, there are some generally accepted do's and don'ts that home buyers should keep in mind:

Don't Knock, Unless Stated Otherwise
Ringing the doorbell or Knocking is unnecessary when going to an open house. Just walk right in.

Examine Home Features, Not the Personal Items
Yes, you can check the pantry and garage or even look inside the closet to see if the space is adequate for your needs. But don't snoop around and rummage through someone else's private belongings.

Check Before You Sit
Staging is typical for homes for sale, and staging furniture can look deceptively real. Avoid destroying anything; before plopping on the sofa, make sure it's real furniture.

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Indianapolis Real Estate Market Remains Strong Despite The National Slowdown

Despite the cooling market, Indianapolis remains among the few cities holding strong in the face of the national slowdown. The latest data from Zillow's Home Value Index (ZVHI), shows that Indianapolis ranks 3rd among locations where home values are rising the most. 

 

See below to see the September Housing Market Update of a single property type home per County in Indiana.

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