Gary's Real Estate Blog

The last couple of weeks have seen mortgage interest rates rise 1/2 to 3/4 of a point. There are several reasons for this and you can stay up to date with the latest news by checking this page of my web site. This page is updated daily to reflect market conditions and financial news that affect the bond markets, the stock markets and ultimately, ...

I live on Indy's east side and have been interested in the redevelopment and revitalization of the area for a long time. The area is rich in history and has long been a destination for the blue collar worker in this area. Here is a link to a good article that appeared in the "Indy Star". In recent years, the area has witnessed ...

Whether you are selling your home with a Realtor® or trying to sell your home yourself, PLEASE be careful if a buyer wants to purchase your home using a land contract. I recently had a home listed for sale and we received an offer that seemed to good to be true. The more questions I asked for my seller, the more vague the buyers ...

If you are, has your landlord informed you that your rent will be increasing? How many times have you experienced a rent increase in the last two years? If you like to move from one location to another after a year, has it been easy to find the perfect rental? With the larger number of foreclosed properties coming on the market, I have to assume ...

There, I said it. I don't think CNN, CNBC or any of the other news networks will be repeating it though...it doesn't have the drama that the real estate doom and gloom that they spew almost daily has. I read a lot of blogs, especially other Realtors blogs. Gary Szolosi, a Realtor in the Ft. Myers, FL area, made a great comment on his ...

With all of the media reports today, both in print and television, about the real estate bubble burst and the number of foreclosures, the amount of mortgage fraud that is being uncovered and the sheer number of homeowners who just can't make their mortgage payments for whatever reason, the term "short sale" should be familiar to most ...

Today, more and more home buyers are using the internet to search for a new home for their family. I am experiencing more and more buyers calling the listing agent for each house they want to see or want more information about rather than developing a working relationship with one agent that they feel comfortable with. I know I receive inquiries ...

Recently, there have been newspaper articles and TV news stories regarding Indianapolis' foreclosures and abandoned properties, especially HUD owned properties. The stories have been targeting ZIP codes 46201, 46203 and 46218. While these areas have their problems, (I live in the 46201 area), I know the problem is not limited to these areas. ...

Here are some comparisons for Indianapolis' Christian Park area regarding home sales. 20062007# Listed165157# Sold7952Avg. LP$ 63,738  $ 59,878Avg. SP$ 57,322  $ 51,068DOM - L to S7072Expired8355The decline in the sale price (SP) and list price (LP) from 2006 to 2007 could be attributed to a larger number of foreclosures in the ...

Check out the article on Inman News.