Indiana Real Estate Stats

Rates
August 15th, 2009 9:36 AM
With mortgage rates increasing, I believe we have seen the bulk of the refiances.  However, although fewer purchases are occurring in our area, volume appear to be steady.  Foreclosures continue to dominate some areas and have a significant impact on current market values.
Posted by Jon Young on August 15th, 2009 9:36 AMPost a Comment (0)

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MIBOR statistics 2008
February 9th, 2009 10:48 AM

Last week MIBOR(www.mibor.com) released 2008 Sales Data in their service area.  The stats confirmed what we all had been expecting.  Sales volume is down 20% from 2007 and 2004 and 28% from 2006.

While not surprising, we need to keep this in perspective.  The early 2000's have seen record numbers of sales volume.  So when comparing a "bad" or "down" year to the highest numbers ever, of course it will look bleak.

Is this a fair comparison?  Are we experiencing a market correction? Or are we headed to a "new" normal?

I think we are experiencing a market correction which may be either prolonged or compounded by the proposed intervention of the federal government.  I am hesistant to think the bailout will be a mid-term to long-term solution.

Posted by Jon Young on February 9th, 2009 10:48 AMPost a Comment (0)

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