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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. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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