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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. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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