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At Home Quarterly: Housing marketplace stats

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Mortgages

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Looking ahead
ThorupAt its meeting in September, the Federal Reserve’s Open Market Committee decided to purchase mortgage-backed securities at the rate of $40 billion a month. This should put downward pressure on longer-term rates, including those for mortgages. Additionally, notes from this meeting indicate the Federal Reserve’s intention to keep rates low to at least mid-2015.

As of today, with the economy continuing to grow at a slow pace (1.3-percent increase in gross domestic product in the second quarter), mortgage rates are staying near all-time lows. Freddie Mac’s weekly mortgage survey for mid October has the 30-year fixed rate at 3.39 percent and 0.7 percent in points and fees, and the 15-year fixed rate was at 2.7 percent with 0.6 percent in points and fees.

Additionally, as of September, Freddie Mac projected that the 30-year fixed rate will average 3.7 percent in the fourth quarter, with a gradual rise throughout 2013 to 4.1 percent.•

 

Housing Sales

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July 1 - Sept. 30

Housing sales continue to climb in the quarter ended Sept. 30, a trend underway since January. However, activity slowed due to uncertainty over future health care costs and tax-cut extensions, said Jim Litten, president of brokerage F.C. Tucker Co. Momentum will recover after the uncertainty clears, Litten predicted.

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

 

Demographics

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Home ownership
Homeownership is higher in suburban counties due to fewer foreclosures, but also because empty-nesters and new college graduates wanting to live in authentic urban neighborhoods often prefer to rent, said Drew Klacik, an analyst at the Indiana University Public Policy Institute.•

 

What you can buy

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Most expensive sale

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Neighborhood profile

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  1. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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