Does Carmel Home Ownership Still Beat Renting?

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Coming from CNBC, it looked to be worth reading: the promise of getting an unqualified, definitive answer to “Which is more affordable— owning or renting?” Getting a straight answer seemed worth knowing after last week’s word that 7 percent was the new annual inflation number. It’s old news that the cost of both owning and renting has been escalating—but the …

This Year, Indianapolis’s Real Estate Busy Season May Be Early

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We are fast approaching the onset of U.S. real estate’s peak activity—the traditional “busy season.” One tipoff that Indianapolis’s busy season is a genuine phenomenon can be seen from the official pronouncements of real estate activity. They generally read something like: “Total existing-home sales increased X.X percent in May over April for a seasonally adjusted rate of X million…” The …

Will Carmel Real Estate be Spurred by Buyer Strength?

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As 2021 drew to a close, Carmel real estate observers sensed a growing expectation in the media that a number of factors were increasingly likely to restrain Carmel homebuying activity. Across the U.S., low inventories were a major reason. Not only were supply-chain snags hampering developers’ ability to complete new home construction, but many homeowners who might otherwise have been …

How Inflation in Fishers may Affect 2022 Federal Taxes

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Fishers homeowners will not be surprised to hear that the U.S. rate of inflation will impact some of their 2022 income tax calculations—the basic income tax tables among them. The Labor Department charted the rate at an annual 6.8% increase through November, although locally, the actual prices paid for many day-to-day purchases were definitely higher than that. Calculating Fishers inflation …

Experts Don’t Have a Lock on Indianapolis Market Projections

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Predictions by real estate experts make interesting reading, but reality on the ground here in Indianapolis dictates that even the most expert experts lack a key ingredient that would make their ruminations more than educated guesses: local activity. That having been acknowledged, there are many non-local factors that analysts can meaningfully take into account for their projections—some of which are …

Sci-Fi Scare Gives Indianapolis House-Hunters the Heebie-Jeebies

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Leave it to the news media to uncover the latest threat to Indianapolis house-hunters’ peace of mind. Last week, the guilty party was the Associated Press, whose contribution seemed timed to introduce a disquieting competitor into the already-crowded field of prospective home buyers. Today’s Indianapolis house-hunters had already been subjected to scare-mongering stories about recent buyers having to dig deeper …

Refining Comparable Data to Guide Carmel Asking Prices

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When it comes to what an individual homeowner can expect when they add their own property to the Carmel listings, the most reliable predictive clues come from the comps: how the local market has treated comparable offerings. But those results should always be subject to scrutiny—realistic refinements that account for the degree to which the chosen properties are truly comparable. …

As Carmel Rings in the New Year, Let the Corks Fly!

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Friday brings on Carmel’s New Year’s Eve festivities, this year only partially hindered by pandemic-related constraints. Whatever New Year’s Eve celebrations will be observed in your own circle of friends and family, celebrants who remain wakeful will doubtless be watching the Ball Drop before the somewhat reduced assemblage in Times Square—if for no other reason than to see how this …

For Fishers Real Estate, 2021 Defied the Odds

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When a website like lexology.com assesses the year in real estate as one “which faced unprecedented challenges,” Fishers readers know what to expect: details that amount to a torrent of excuses justifying a lame showing in the year just ending. But–not so. As Year 2021 goes into the record books, its history is anything but—as any number of Fishers homeowners …