Fishers Real Estate News

This category currently has 12 blog entries.

Mon, Sep 29, 2008

Indianapolis Interest Rates and ... by Mike Taylor

Another post from Eric McMillan about interest rates and the mortgage market: Well, it’s been quite a roller coaster for the economy over the past two weeks, in large part due to the economic bailout plan still hanging over everyone’s head. The mortgage market is no different. Mortgage rates are influenced by Mortgage Backed Securities and the Bond market. Right now, neither the Stock Market nor Bond market is flourishing due to the uncertainty. That being said, rates are holding pretty steady and are still near historical lows. A 30 year fixed Conventional mortgage is at 6.125% with no points. As for FHA/VA, current rates are just a bit higher at 6.25% on a 30 year fixed. One key thing to remember about...

171 Views, 1 Comments.

Thu, Sep 11, 2008

Fannie and Freddie Takeover Impr... by Mike Taylor

This is just a short post, but due to the Fannie and Freddie takeover interest rates have sharply improved over the past few days. Right now you can snatch a 30 year fixed for 6% or under. It might be a good time to pull the trigger or at least lock your rate as the market is extremely fickle and who knows what tomorrow will bring.

219 Views, 4 Comments.

Tue, Aug 19, 2008

Indianapolis Downpayment Assista... by Mike Taylor

I am quite sure all of you have heard about the new bill the house and senate passed and President Bush signed into law recently. I am also quite sure you have already been deluged with news bits and information regarding the details of the not so stellar bailout so I will spare you the rehash of it. What I do want to cover is something that not many news outlets are focusing on…the elimination of the seller paid down payment assistance for FHA loans. You may or may not know this, but FHA loans typically allow buyers an opportunity to get into a home with far less down payment than a conventional mortgage. That is FHA’s whole purpose…make housing affordable to more people. What you may not have know is that while the seller...

329 Views, 7 Comments.

Thu, Jul 17, 2008

Hamilton County - Best Place to ... by Mike Taylor

Recently, Hamilton County has been showered with recognition from the national media as a top notch place live and raise a family. CNN lists Fishers as the #10 best places to live the U.S. and Forbes recently ranked all of Hamilton County as the #1 best places in the entire country to raise a family. If you live in Indy you already know that Hamilton County offers stellar schools, almost non existent crime, relatively easy commutes, and bargain home prices compared to the rest of the country. In addition, Hamilton County offers one of the most family friendly environments in the entire area and apparently the entire nation according to Forbes. All of this affects real estate in a big way. It has been proven that homes that are...

250 Views, 0 Comments.

Wed, Jul 16, 2008

Indianapolis Foreclosure Bus Gen... by Mike Taylor

If you read this post, you know we are having a foreclosure bus August 2nd in the Indianapolis and surrounding areas. While I am certainly not the first one to come up with this idea, it is the first of its kind in the Indianapolis area. Turns out we were able to generate some interest from the local media. Take a look at the story from Rafael Sanchez on Channel 6 and no, he is not coming after me, he does do regular interviews as well: What is crazy is the response we got from this story. I have not done any other advertising and within 24 hours of this story the bus is full, even after upgrading to the bigger bus. I am still waiting for a few call backs to confirm and I imagine we will have a few cancellations, so

245 Views, 2 Comments.

Thu, Jun 26, 2008

Fishers Indiana Real Estate Stat... by Mike Taylor

Fishers real estate is and will likely remain some of the best selling real estate in the Indianapolis area. The two charts below show what the Fishers real estate market has done as far as number of homes sold and the average selling price YTD for 2008: # of Fishers Homes Sold 2007 2008 % Change Jan. 90 65 -28% Feb. ...

297 Views, 0 Comments.

Tue, May 27, 2008

Fishers Marketplace and RiverPla... by Mike Taylor

Fishers’ officials recently gave the green light to add two new big projects to the town of Fishers. The first project is a new water park and Wyndham Hotel at 131st and IN 37 and the other is the RiverPlace project at 96th and Allisonville. The hotel and water park, Fisher Marketplace, will cost an estimated $100 million and calls for a 7-story hotel with work scheduled to begin in July or August. In addition to the hotel and water park, Fishers Marketplace is expected to add more shops and restaurants to the Fishers area. In addition to Fishers MarketPlace, town officials also gave the go ahead to add an office building with more restaurants to the RiverPlace project at 96th and Allisionville. With all of these projects in...

391 Views, 2 Comments.

Fri, May 16, 2008

Fishers to Downtown Indianapolis... by Mike Taylor

Fishers and Noblesville residents who work downtown could have another viable option to the daily grind of commuting along I-69 towards downtown. The Indianapolis Regional Transit Council is looking very seriously at utilizing existing railways to provide new mass transit options for residents of Hamilton County. The rapid transit line would run from Noblesville and Fishers to downtown Indianapolis during rush hour in the morning and evening and would coordinate with IndyGo buses to pick up commuters. This announcement is big because if this is completed in the timeframe they are talking about, 2-4 years; this is 6-8 years ahead of schedule. The complete original rail project was projected to cost $690 million dollars and be...

291 Views, 0 Comments.

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