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At Home Quarterly: Marketplace

 IBJ Staff
June 23, 2012
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Mortgages

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Looking ahead
ThorupMortgage rates continue to be at or near record lows based upon information provided by Freddie Mac's weekly survey of mortgage rates. The rate on a 30-year fixed mortgage has recently averaged near 3.75 percent and the 15-year fixed slightly below 3 percent.

Global market concerns over the debt situation in Europe and a slowdown in the economic growth in China has led to a continued decline in long-term Treasury bond yields, which directly affect the pricing of mortgages. Also affecting rates is the slowing of economic growth of the United States in the first quarter.

With all of this, the Federal Reserve Board's Federal Open Market Committee is not expected to make significant changes in its interest-rate policy to keep rates low until the end of 2014.

Freddie Mac now projects that the 30-year fixed rate will rise slightly, to 4.2 percent, by the end of 2012 and continue a slow rise to 4.8 percent by the end of 2013.•

 

Housing Sales

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March 1 - May 31

A strong increase in sales from March through May reveals that the uptick in the prior quarter wasn't due solely to buyers kicking tires during the unseasonably warm weather, said F.C. Tucker Co. President Jim Litten.

The most recent period also was the first in years when the inventory of houses for sale fell below six months' worth, suggesting the pendulum is swinging toward a seller's market due to increased optimism and low mortgage rates.

Click here for a more detailed table of recent housing sales activity.•

 

Demographics

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Bachelor's degree or higher in 2010
A "T" of bachelor's degree concentrations is developing locally. The shape includes townships north of 96th Street, then south through Washington and Center townships as young and empty-nest professionals move downtown, said Drew Klacik, an analyst at the Indiana University Public Policy Institute. Brownsburg in northeastern Hendricks County also is attracting well-educated residents.•

 

What you can buy

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Neighborhood profile

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  1. Socialized medicine works great for white people in Scandanavia. It works well in Costa Rica for a population that is partly white and partly mestizo. I don't really see Obamacare as something aimed against whites. I think that is a Republican canard designed to elicit support from white people for republican candidates who don't care about them any more than democrats care about the non-whites they pander to with their phony maneuvers. But what is different between Costa Rica nd the Scandanavian nations on one hand and the US on the other? SIZE. Maybe the US is just too damn big. Maybe it just needs to be divided into smaller self governing pieces like when the old Holy Roman Empire was dismantled. Maybe we are always trying the same set of solutions for different kinds of people as if we were all the same. Oh-- I know-- that is liberal dogma, that we are all the same. Which is the most idiotic American notion going right back to the propaganda of 1776. All men are different and their differences are myriad and that which is different is not equal. The state which pretends men are all the same is going to force men to be the same. That is what America does here, that is what we do in our stupid overseas wars, that is how we destroy true diversity and true difference, and we are all as different groups of folks, feeling the pains of how capitalism is grinding us down into equally insignificant proletarian microconsumers with no other identity whether we like it or not. And the Marxists had this much right about the War of Independence: it was fundamentally a war of capitalist against feudal systems. America has been about big money since day one and whatever gets in the way is crushed. Health care is just another market and Obamacare, to the extent that it Rationalizes and makes more uniform a market which should actually be really different in nature and delivery from place to place-- well that will serve the interests of the biggest capitalist stakeholders in health care which is not Walmart for Gosh Sakes it is the INSURANCE INDUSTRY. CUI BONO Obamacare? The insurance industry. So republicans drop the delusion pro capitalist scales from your eyes this has almost nothing to do with race or "socialism" it has to do mostly with what the INSURANCE INDUSTRY wants to have happen in order to make their lives and profits easier.

  2. Read the article - the reason they can't justify staying is they have too many medicare/medicaid patients and the re-imbursements for transporting these patient is so low.

  3. I would not vote for Bayh if he did run. I also wouldn't vote for Pence. My guess is that Bayh does not have the stomach to oppose persons on the far left or far right. Also, outside of capitalizing on his time as U. S. Senator (and his wife's time as a board member to several companies) I don't know if he is willing to fight for anything. If people who claim to be in the middle walk away from fights with the right and left wing, what are we left with? Extremes. It's probably best for Bayh if he does not have the stomach for the fight but the result is no middle ground.

  4. JK - I meant that the results don't ring true. I also questioned the 10-year-old study because so much in the "health care system" has changed since the study was made. Moreover, it was hard to get to any overall conclusion or observation with the article. But....don't be defensive given my comments; I still think you do the best job of any journalist in the area shedding light and insight on important health care issues.

  5. Probably a good idea he doesn't run. I for one do not want someone who lives in VIRGINIA to be the governor. He gave it some thought, but he likes Virginia too much. What a name I cannot say on this site! The way these people think and operate amuses me.

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