Admin

Fishers, IN Real Estate News

By Michael Mergell
(Michael Mergell, RE/MAX Legends Group)
Did you miss the fact that foreclosure filings were up 71% in the third quarter? Which makes it a good time to remind everyone of the rules that govern when and how you'll be eligible for a mortgage after you've been foreclosed, surrendered a deed, or negotiated a short sale. For borrowers with a foreclosure, short sale, or deed in lieu of foreclosure on their credit history, the following timelines apply before they'll be eligible for a conforming, conventional mortgage (Fannie Mae/Freddie Mac): •Foreclosure: 5 years from completion date, minimum 680 FICO and 10% down for 7 years, investment property, second homes, cash out refinances not allowed for 7 years. •Deed-in-Lieu of Foreclosure: 4 years, at least 10% down required for 7 years. •Short Sale: 2 years. 4 years for Freddie Mac For...
Comments 2
By Pat Haddad, ABR, CRS, ePRO, GRI, Carmel, Fishers, Westfield IN Real Estate Expert
(Keller Williams Indianapolis Metro NE)
A new Fishers Indiana entertainment establishment caught my eye recently, and I think this Valentine's Day weekend might be the perfect time to pay it a visit!  The Fishers Wine Bar and Tasting Room opened last November in the Fishers Town Commons. According to its Web site, the wine bar features (obviously) opportunities to sample award-winning Chateau Thomas Wines while enjoying a French country vibe created by the use of recycled wine barrels and repurposed hardwood floors.  Live entertainment on Friday and Saturday nights should add to the ambiance. And, personally, I think "wine slushies" sound too good not to try! Check back next week when I post my review of this new Fishers IN attraction! The Chateau Thomas Winery is located in Plainfield Indiana and features more than 50 wines ...
Comments 0
By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
Hamilton Proper is a prestigious area in Fishers with custom built homes, an 18 hole golf course on 279 acres of land (Hawthorns), a gorgeous 55,000 sq ft country club (Hawthorns Country Club) and plenty of hiking and biking trails. Hamilton Proper is located between Hoosier Road on the west, Brooks School on the east and 116th on the north and just a tad south of 106th on the south border.  Neighborhoods include Heron Knoll, Heather Pointe, Thorny Ridge and over 20 other neighborhoods.  I currently have a home for sale in Fishers located in the Overlook neighborhood that backs up to the 16th hole of the golf course.  This home is nearly 12,000 sq ft and has an English Cottage look and feel to it; very unique indeed. There are currently three homes for sale in Heron Knoll, one of them ...
Comments 2
By Indianapolis Realtor
(ICON Realty Partners, LLC - Indianapolis)
It's interesting to look back and see how the year kicked off in metro Indianapolis. Fishers area real estate stats year over year in January were down, but there is an upside. Fishers Pending Sales There were 81 transactions that pended in Fishers in January.  The highest priced home to sell was located in the Gray Eagle golf course community for $414,000.  Active Listings | January 2010 vs. January 2009 There are currently 571 active listings in Fishers.  Of those, 186 were listed for sale in January.  Of those homes that were listed in January, 29 have already sold and closed or pended.  By comparison, there were 233 new listings in January 2009 in Fishers. The average priced home for sale currently is $321, 239 at over 3400 square feet.  There are currently 56 listings for sale at $...
Comments 0
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi Olick/Sharga - waves of foreclosures coming Diana Olick of CNBC spoke with Rick Sharga of RealtyTrac, and he elaborated on the formal report we talked about above, giving her his thoughts on the coming year and 2011. He expects to see several different spikes in foreclosures over the coming year and into 2011, and he believes wholeheartedly that these foreclosures will be unavoidable and highly detrimental to a recovery in home prices. "Even if we peak in terms of unemployment rates in the first quarter of 2010 the foreclosure activity related to those job losses probably won't peak until the end of 2010 or the first quarter of 2011," says Shar...
Comments 0
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi Freddie Mac mortgage refinance purchases rise 41% The volume of refinance loans bought by mortgage giant Freddie Mac swelled 41% in December from the previous month to $27.3 billion. In November, Freddie bought $19.3 billion of refinance loans, a 7% gain from October. Freddie’s total mortgage portfolio grew at an annualized rate of 5.7% in the month, while at the same time the aggregate unpaid principal balance of the mortgage-related investments portfolio slid to $755.3 billion, from $761.8bn at the end of November. Purchases and issuance totaled $44 billion in December, bringing the full-year 2009 total to $548.37 billion. The delinquency rat...
Comments 1
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi TARP and HAMP failed to halt foreclosures In his latest quarterly report to Congress, special inspector general Neil Barofsky said that the Troubled Asset Relief Program, or TARP, has failed to boost bank lending as well as halt the spread of foreclosures -- two key aims of the sprawling program. "Whether these goals can effectively be met through existing TARP programs is very much an open question at this time," Barofsky said in the report. Since Congress enacted TARP, lending to both consumers and businesses has continued to decline. Earlier this month, the Treasury Department reported that the 22 banks that got the most aid from the governm...
Comments 1
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi Pending home sales level off According to the National Association of Realtors, pending home sales have leveled from a market swing driven by response to the home buyer tax credit. The Pending Home Sales Index increased 1.0 percent to 96.6 from 95.6 in November, and remains 10.9 percent above December 2008 when it was 87.1. In November, the monthly index had fallen by 16.4 percent from surging activity in preceding months. Lawrence Yun, NAR chief economist, said it’s important to recognize how the tax credit is skewing market data. “There are easily understood swings in contract activity as buyers respond to a tax credit that was expiring and w...
Comments 0
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi Refinance loans up 21% Demand for home loans rose to a six-week high on a mini refinance wave, with borrowers pushing to lock in rates before they climb later this year, the Mortgage Bankers Association (MBA) said today. Applications to buy homes and refinance loans jumped last week to mid-December levels as average 30-year mortgage rates held near 5%. The industry group's mortgage index jumped 21% last week, fueled by a 26.3% leap in demand for refinancing as purchase loan requests increased 10.3%. The 30-year mortgage rate dipped 0.01%age point to 5.01%. But this borrowing cost was 0.40%age point above the record low set last March and seen h...
Comments 0
By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
I have been working with a lot of relocation clients to the Fishers area lately and love hearing what they think is great about our city.  Surprisingly the top of the list is our property taxes!  Those of us living here in Fishers think they are high, but in comparison to other states, they are LOW.  If you are being transferred or moving to Fishers Indiana, first of all Welcome!  Fishers has so much to offer and there are many posts I've written on hot spots in Fishers, schools and neighborhoods to help you get acquainted. The Marchant Team treats their relocation clients to a tour of the city and excellent relocation materials.  We love to take you to see Conner Prairie, Hamilton Town Center, Geist Reservoir, and through a variety of the best neighborhoods in Fishers. Our relocation b...
Comments 2
By Indianapolis Realtor
(ICON Realty Partners, LLC - Indianapolis)
The home builders in metro Indianapolis had the best month of the year in December for 2009.  The Indianapolis Star reported today that permits jumped 33% in December compared to December of 2008.  While this is great news, the year was down 21% to 3625 homes compared to 2008 and is the lowest of the decade.  Citing the Builders Association of Greater Indianapolis, the report also states that in Marion County, permits fell 28 percent, to 772, in Hamilton County, permits were down 13 percent to 1,372 and that permits plunged 46 percent in Johnson County, to 241. Later today, we will be uploading a detailed synopsis of the builder permits pulled in 2009 by county to our Indianapolis Home Builder Guide.  
Comments 0
By Indianapolis Realtor
(ICON Realty Partners, LLC - Indianapolis)
For much of the last decade, Sandstone community has been known as a great place to call home in Fishers Indiana. Below you will find a quick synopsis of this popular neighborhood, some general market information, and quick links to find everything you need to know about the community and the homes for sale. Amenities Sandstone features some great amenities including optional outdoor pool club at Gray Eagle (adjacent to the community), large park that hosts kids football, soccer, lacrosse and more, huge kids playgrounds, common space and miles of walking trails. Shopping and Schools Sandstone real estate is conveniently located on the northwest and southeast corner of 116th and Brooks School road in Fishers with tons for family dining restaurants and every major grocery and convenience ...
Comments 0
By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
I just recently posted my year end 2009/2008 analysis of the Fishers Real Estate Market; but wanted to dig a little deeper and look at the statistics by neighborhood.  You may recall that of the homes for sale in Fishers in 2009, 1,615 were sold compared with 1,676 in 2008; a 3.5% decline. The full report for the 2009 Year in Review for Fishers Real Estate is available for you to read. This first graph shows us Fishers most popular neighborhoods, many of which I have written detailed reports on this blog.  Each month, one of the neighborhoods that sells the most is Sunblest Farms located near the center of town.  In 2009, 89 homes were sold compared with 62 in 2008.  Part of the higher numbers is the neighborhood has nearly 1500 homes. Other popular neighborhoods shown are Sandstone, Gr...
Comments 6
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi Housing sales down The National Association of Realtors' (NAR) report says existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 16.7 percent to a seasonally adjusted annual rate1 of 5.45 million units in December from 6.54 million in November, but remain 15.0 percent above the 4.74 million-unit level in December 2008. For all of 2009 there were 5,156,000 existing-home sales, which was 4.9 percent higher than the 4,913,000 transactions recorded in 2008; it was the first annual sales gain since 2005. Economists polled by Thomson Reuters say sales of previously occupied US homes completed in December fell 7.3 pe...
Comments 0
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi New Home Sales Drop On the heels of the S&P/Case-Shiller report yesterday, the Commerce Department said sales fell 7.6 percent to a 342,000 unit annual rate from an upwardly revised 370,000 units in November. It was the second straight month that new home sales declined. Analysts polled by Reuters had expected new home sales to increase to a 370,000 unit annual pace from November's previously reported 355,000 units. New home sales for the whole of 2009 fell 22.9 percent to a record low 374,000 units, but despite the slump in sales there were a few bright spots in today's report. The median sale price for a new home rose 5.2 percent last month f...
Comments 0
By Indianapolis Realtor
(ICON Realty Partners, LLC - Indianapolis)
Gray Eagle Golf Course community has long been known as one of the hottest selling neighborhoods in Fishers Indiana.   Below is a briefing on the neighborhood, some general market information, and quick links to find everything you need to know about the community and the homes for sale. Amenities Gray Eagle features some great amenities including 18 hole golf course, pool and kiddie pool, two tennis courts, bath house, play ground, and miles of side walks and golf paths.  You can find all of the golf club rates right here. Shopping Gray Eagle is conveniently located near the new Hamilton Town Center, is adjacent to both a Kroger and a Marsh, is 15 minutes from the famed Fasion Mall, and close to every other convenience store one can imagine. Home Builder / Builders Pulte Homes built ou...
Comments 0
By Ryan Crozier, Avon Indiana Realtor
(Red Door Real Estate)
Fishers Indiana Short Sales Here is a display of current short sales in Fishers Indiana. Simply click on them for more information! Search more Fishers Indiana Real Estate. See the latest Real Estate Listings in Fishers Indiana. Ryan "Tiny" Crozier is an Indianapolis Real Estate Agent with RE/MAX Excel Realtors in Avon Indiana. If you have any questions, please don't hesitate to call me @ 317.313.4240.
Comments 0
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi FHA announces significant policy changes The Federal Housing Administration (FHA) insures about 30 percent of new loans, and its health is vital for the housing market. But as foreclosures have risen, the government agency has seen its losses rise and its reserves sink below the minimum level required by Congress. According to the Mortgage Bankers Association (MBA) more than 18 percent of FHA borrowers are at least one payment behind or in foreclosure, compared with 14 percent for all loans. In addition, some unscrupulous operators have shifted their business to the FHA after the subprime business went bust. Last week, the FHA served subpoenas ...
Comments 0
By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
  For Homebuyers & Homesellers  You might  be surprised that you qualify!! LAWRENCE LIBRARY 7898 Hague Road Indianapolis, IN Saturday, January 23, 11:00 am LIMITED SPACE, RSVP TODAY (317) 374-2462 or www.billfoxworthy.com Use the "RSVP for Tax Seminar$"  button                                                               
Comments 0
By Jason Lucchesi
(Global Fortune Solutions, LLC)
Also you can follow us on Twitter by clicking Twitter.com/We_Buy_Houses & add us as a friend on Facebook by clicking Facebook.com/Jason.Lucchesi New home sector to remain weak Fitch Ratings analysts say public builders will need to maintain tight controls over costs and expenses in 2010. On the positive side are an ever-increasing pent-up demand for new homes coupled with affordability at record highs. New home data showed spring 2009 sales were stronger than the previous winter months, and remain stable. Cancellation rates improved and are near normal levels and current builder inventory continues to decrease. Inventories of new homes are now 59% below the 2006 peak. And, depending on the market, some mortgage insurers and lenders are relaxing down payment requirements, allow loan-to-v...
Comments 1