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Tuesday, April 24, 2018   /   by Carlos J Higareda

Home Sales Overcome Inventory, Price Woes

Inventory shortages and pressing affordability issues didn’t suppress home sales activity in March. Total sales of existing homes, including single-family homes, townhomes, condos, and co-ops, increased 1.1 percent last month to a seasonally adjusted annual rate of 5.6 million, according to the National Association of REALTORS®. However, home sales are still 1.2 percent below a year ago. 
“Robust gains last month in the Northeast and Midwest—a reversal from the weather-impacted declines seen in February—helped overall sales activity rise to its strongest pace since last November,” says Lawrence Yun, NAR’s chief economist. “The unwelcoming news is that while the healthy economy is generating sustained interest in buying a home this spring, sales are lagging year-ago levels because supply is woefully low, and home prices keep climbing above what some would-be buyers can afford.”
Here’s a closer look at some k ...

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Tuesday, April 24, 2018   /   by Carlos J Higareda

Local Market Review: March 2018 Housing Data

March 2018
Local Market Review: March 2018 Housing Data

Housing data released by MIBOR from the BLC® Listing Service today shows (year-over-year):

Pending Sales: increased 30.5 percent in March, and increased 13.0 percent for the quarter**
Closed Sales: decreased 7.5 percent in March, 0.2 percent for the quarter
Median Sales Price: up 11.2 percent in March to $173,500
Average Sales Price: up 10.6 percent in March to $209,313
New Listings: decreased 8.8 percent in March, and dropped 7.5 percent for the quarter
Months of Inventory dropped to 1.9**

source: MIBOR Realtor Association 

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Thursday, March 15, 2018   /   by Carlos J Higareda

Why Staging With Plants Draws More Buyers


Wellness-minded millennials are filling their homes with clean-air houseplants, and real estate developers are realizing that a love for greenery can be used as an amenity to attract buyers. 

Read more: Use Plants to Showcase a Healthier Home

Millennials are looking for spaces to add indoor gardens. Real estate developers are jumping on the trend. The ARC in Long Island City, a 428-unit luxury rental building, allows its residents to use a 1,100-square-foot glass greenhouse where they can plant and grow their own vegetables and herbs.
“It’s been a tremendous selling point to prospective tenants,” Scott Avram, senior vice president of development at Lightstone, told The New York Times.
The Margo in Brooklyn features a living wall in the lobby and a rooftop garden with plots that tenants can use as their own gardens.
“Wellness is a priority for our millennial-aged residents,” ...

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Wednesday, March 14, 2018   /   by Carlos J Higareda

3-D Printed Homes Are Becoming a Reality


Could more future homes be 3-D printed? A San Francisco–based charity called New Story has partnered with construction technology company ICON to design a 3-D printer for building affordable homes across the globe in developing countries. The company is also showing off its 3-D construction progress in the U.S. 

The companies have a 350-square-foot home in Austin, Texas, which they are touting as the first 3-D printed house in the country that has been built to the local building code.

The home is serving as a prototype of what the future may hold. New Story and ICON’s 3-D home printer can print an entire 600- to 800-square-foot home that meets safe building codes in less than 24 hours. 

“We feel it’s our responsibility to challenge traditional methods and work toward ending homelessness,” Brett Hagler, CEO and co-founder of New Story, told hypepotamus.com. &ld ...

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Sunday, February 25, 2018   /   by Carlos J Higareda

Local Market Review: Sales and Prices Increase in January 2018

January 2018
Local Market Review: Sales and Prices Increase in January 2018

Housing data released by MIBOR from the BLC® Listing Service today shows (year-over-year):

Pending Sales: increased 3.1 percent in January, 6.8 percent for the quarter
Closed Sales: increased 5.3 percent in January, 3.8 percent for the quarter
Median Sales Price: up 10.0 percent in January to $158,000
Average Sales Price: up 5.6 percent in January to $192,732
New Listings: decreased 3.8 percent in January, and dropped 3.0 percent for the quarter
Months of Inventory dropped to 2.3

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RE/MAX Results
Carlos Higareda
Greenwood, IN 46143

The source of the Licensed Listings is BLC® listing service. The Licensed Listings are confidential information of BLC® listing service. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.