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Spring Home Buyers Raise Indiana Home Sales to Highest level Since 2008
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FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Spring Home Buyers Raise Indiana Home Sales to Highest level Since 2008
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Spring Home Buyers Raise Indiana Home Sales to Highest level Since 2008

May 9, 2012 (Shirley Allen)

Spring home buying fever hit the state of Indiana in March as monthly and yearly sales of existing single-family homes and condominiums surged during the month, reaching their highest level since 2008 according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 5,170 existing single-family homes and condos were sold in the Hoosier State in March. That was 45.6 percent higher than the 3,551 homes sold in February and 12.4 percent higher than the 4,559 homes sold in March 2011. It was the largest amount of homes sold in the month of March since 2008.

The median sales price for an existing home in Indiana increased by 7.8 percent in March to $111,000, up from $103,000 in February, and was 5.7 percent higher than the median price of $105,000 in March of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years. But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”

Of the 92 counties that provide data for the monthly report, fifty-four of the counties reported gains in home sales over the previous year with Clay County (+109.1 percent) reporting the largest increase among counties with 20 sales or more while Lawrence County (-34.4 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 847 home sales, up from 739 in March 2011, while Hamilton County followed with an estimated 386 closed sales for the month, up from 339 a year ago.

Year-over-year, fifty-two counties posted an increase in their median prices led by Miami County (+239.3 percent) with Wabash County (-45.6 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale increased in March with 44,638 homes actively available. That’s up from 40,171 in February and but still down from 48,395 in March of 2011.

The state had an average 9.0 months supply of homes available for purchase, unchanged from in February but down from a 10.2 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

May 9, 2012 (Shirley Allen)

Spring home buying fever hit the state of Indiana in March as monthly and yearly sales of existing single-family homes and condominiums surged during the month, reaching their highest level since 2008 according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 5,170 existing single-family homes and condos were sold in the Hoosier State in March. That was 45.6 percent higher than the 3,551 homes sold in February and 12.4 percent higher than the 4,559 homes sold in March 2011. It was the largest amount of homes sold in the month of March since 2008.

The median sales price for an existing home in Indiana increased by 7.8 percent in March to $111,000, up from $103,000 in February, and was 5.7 percent higher than the median price of $105,000 in March of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years. But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”

Of the 92 counties that provide data for the monthly report, fifty-four of the counties reported gains in home sales over the previous year with Clay County (+109.1 percent) reporting the largest increase among counties with 20 sales or more while Lawrence County (-34.4 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 847 home sales, up from 739 in March 2011, while Hamilton County followed with an estimated 386 closed sales for the month, up from 339 a year ago.

Year-over-year, fifty-two counties posted an increase in their median prices led by Miami County (+239.3 percent) with Wabash County (-45.6 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale increased in March with 44,638 homes actively available. That’s up from 40,171 in February and but still down from 48,395 in March of 2011.

The state had an average 9.0 months supply of homes available for purchase, unchanged from in February but down from a 10.2 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

May 9, 2012 (Shirley Allen)

Spring home buying fever hit the state of Indiana in March as monthly and yearly sales of existing single-family homes and condominiums surged during the month, reaching their highest level since 2008 according to the latest housing data from the Indiana Association of Realtors® (IAR).

An estimated total of 5,170 existing single-family homes and condos were sold in the Hoosier State in March. That was 45.6 percent higher than the 3,551 homes sold in February and 12.4 percent higher than the 4,559 homes sold in March 2011. It was the largest amount of homes sold in the month of March since 2008.

The median sales price for an existing home in Indiana increased by 7.8 percent in March to $111,000, up from $103,000 in February, and was 5.7 percent higher than the median price of $105,000 in March of last year.

Karl Berron, Chief Executive Officer of the Indiana Association of REALTORS®, stated, “With buyers starting to jump into the marketplace, this year’s traditional selling season is shaping up to be the best we’ve seen in years. But, as we’ve repeatedly said, more Hoosiers must be working and they must be confident in their prolonged employment for 2012 to continue this steady progress that has taken hold.”

Of the 92 counties that provide data for the monthly report, fifty-four of the counties reported gains in home sales over the previous year with Clay County (+109.1 percent) reporting the largest increase among counties with 20 sales or more while Lawrence County (-34.4 percent) posted the largest year-over-year decline in closed sales.

Marion County recorded the most sales for the month with an estimated 847 home sales, up from 739 in March 2011, while Hamilton County followed with an estimated 386 closed sales for the month, up from 339 a year ago.

Year-over-year, fifty-two counties posted an increase in their median prices led by Miami County (+239.3 percent) with Wabash County (-45.6 percent) posting the largest decline in prices (minimum 20 sales).

The total number of homes available for sale increased in March with 44,638 homes actively available. That’s up from 40,171 in February and but still down from 48,395 in March of 2011.

The state had an average 9.0 months supply of homes available for purchase, unchanged from in February but down from a 10.2 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Indiana

Source:
IAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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