Do Real Estate Experts Agree on Where 2020 will Head?

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It’s normally tricky business to predict the direction that the U.S. real estate market will be taking in any coming year, but in most years, projecting the situation for just a few months in the future puts the experts on safer ground. But, alas: like everything else this year, “normally” doesn’t apply. When Forbes queried five of the top housing …

Lowering the Temperature Propels Home Sale Negotiations

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A few years back, the Business Insider listed one tip for negotiating a home sale: “Don’t be a jerk!” That sounds like a hyperbolic put-down (after all, who wants to be a jerk?). But it’s true that negotiating for a home can have personal consequences that contribute to a particularly tense situation—one where uncharacteristically charged emotions can be triggered. This …

When Home Loan Rates Don’t Match All-Time Lows

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Last week, those who closely monitor Fishers home loan rates were treated to a literary fit of impatience by the Mortgage News Daily—usually one of the most dispassionate of mortgage journals. On Friday, it became more than clear that MND has had it! The headline read, No, Mortgage Rates Are Definitely Not Back to All-Time Lows! The exclamation point is …

What New Home Loan Doc Evokes a Childhood Oath?

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“Cross my heart and hope to die!” It’s one of childhood’s most solemn oaths, still uttered by six-year-olds who hope it will convince one and all of their heartfelt intention to keep a promise. More convincing than “honest to goodness” or “cross my heart,” it is nonetheless a fairly counterproductive pledge. Since it needs to be said in the first …

Fall Renews Carmel Home Buying Incentives

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For everyone whose springtime house-hunting plans were disrupted by the pandemic, it might seem best to just let the year pass before renewing the project, since things still haven’t settled back to where we found them last February. But if the natural inclination is to hold off until 2021’s busy real estate season, there are some compelling reasons why this …

Carmel Residential Questions Meet The Summer Silly Season

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This year may go into the history books as the one that sprang more surprises and turnarounds—including unparalleled disruptions and resumptions in Carmel residential commerce —than ever before. Amidst a financial world recovering from the steepest nosedive since the Great Depression, followed by the steepest single-month rebound in history, you might think that the real estate commentators would double down …

What Common Fishers Refinance Decision May Prove Costly?

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“This is so very wrong,” wrote leading personal finance adviser Suze Orman last week. She was blogging about what she considers a major error being made by homeowners currently arranging mortgage refinances. Her point should be of more than passing interest to local homeowners contemplating their own Fishers refinances. With Freddie Mac’s Chief Economist confirming that “rates remain near record …

Existing Home Sales Headlines Only Seem Contradictory

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Indianapolis real estate observers who Googled ‘existing home sales’ on Friday would have encountered a valuable reminder of how statistics can be true—but nonetheless misleading. National media reports had uniformly reported strong results from the residential housing market—but Indianapolis readers looking for more precise details found headlines that let them (as the mind-reading tricksters used to say) “Pick a number–any …

PMI—the Reason First-Time Buyers Make Small Down Payments

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Most of today’s first-time Fishers home buyers are aware that they’re no longer tied to strictures laid down in previous eras—especially the one dealing with 20% down payments. For buyers with stellar credit histories, that’s horse-and-buggy material. Last year, the U.S. average down payment was just 12%—but for first-timers, that average dropped to 6%! Relaxing steeper down payment requirements makes …