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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. So, Pence wants the federal government to ignore the 2008 law that allows children from these countries to argue for asylum in front of a judge. How did this guy become governor? And how is that we'll soon be subjected to repeatedly seeing him on TV being taken seriously as a presidential candidate? Am I in Bizzaro-U.S.A.?

  2. "And the most rigorous studies of one-year preschool programs have shown short-term benefits that fade out in a few years or no benefits at all." So we are going down a path that seems to have proven not to work very well. Right intention, wrong approach?

  3. Well for Dunkin Donuts it might say that even a highly popular outlet can't make a poorly sited location work. That little strip has seen near constant churn for years.

  4. Years ago, the Pharmaceutical and Medical Device companies shifted their research investment away from Medical Institutions to focus more on private research centers, primarily because of medical institution inefficiencies in initiating clinical studies and their inability/commitment to enroll the needed number of patients in these studies. The protracted timelines of the medical institutions were prompting significant delays in the availability of new drug and medical device entities for patients and relatedly, higher R and D expenditures to the commercial industry because of these delays. While the above stated IU Health "ratio is about $2.50 in federal funding for every $1 in industry funding", the available funding is REVERSED as commercial R and D (primarily Phase I-IV clinical work)runs $2.50 to $1 for available federal funding ($76.8B to $30.9B in 2011). The above article significatly understated the available R and D funding from industry......see the Pharma and Medical Device industry websites. Clearly, if medical institutions like IU Health wish to attract more commercial studies, they will need to become more competitive with private clinical sites in their ability to be more efficient and in their commitment to meet study enrollment goals on time. Lastly, to the reference to the above Washington Post article headlined “As drug industry’s influence over research grows, so does the potential for bias", lacks some credibility as both FDA and Institutional Institutional Review Boards must approve the high proportion of these studies before studies are started. This means that both study safety and science must be approved by both entities.

  5. ChIeF and all the other critics – better is better no matter what. Get over it; they are doing better despite you ?

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