If you need assistance, please call 317-590-2901

jones Blog

Tuesday, December 18, 2018   /   by Carlos J Higareda

FHA Raises Loan Limits for 2019

December 17, 2018

© Nora Carol Photography - Moment/Getty Images

The Federal Housing Administration has announced that most of the country will see an increase to loan limits in the new year. The loan limit for lower-cost areas will be set at $314,827—or 65 percent of the national conforming loan limit of $484,350. In high-cost areas, the new FHA limit for 2019 will increase to $726,525, up from $679,650. The new loan limits will take effect Jan. 1.
The FHA sets single-family forward loan limits at 115 percent of median home prices, which is subject to a ceiling on limits. For the past few years, the FHA has been increasing loan limits in a greater number of counties. In 2016, the FHA raised loan limits for 188 counties. In 2019, 3,053 counties will see an uptick in FHA loan limits. View the FHA’s letter on 2019 forward mortgage limits.

“FHA Loan Limits to Increa ...

Read More

Saturday, December 15, 2018   /   by Carlos J Higareda

Homeowners’ Biggest Pests of 2018

December 14, 2018

The biggest pest of 2018? Bedbugs.

The second annual Terminix Entomologists’ Almanac took a look at the biggest pest trends from the past year based on social media chatter and internet queries. Bedbugs clinched the title for the second year in a row.

Americans searched for information about bedbugs more than 6.7 million times this year—more so than any other pest. Terminix, a national pest control company, says it has seen a steady increase in bedbug infestations since the 1990s.

Terminix revealed the following as 2018’s biggest pests of the year:

1. Bedbug

2. Opossum

3. Scorpion

4. Spider

5. Hornet

6. Mosquito

7. Silverfish

8. Squirrel

9. Centipede

10. Cockroach

Terminix also released findings of the pest-laden places in 2018, based on search data per capita.The states with the most pest problems and searches in 2018 are:

1. Distri ...

Read More

Wednesday, December 12, 2018   /   by Carlos J Higareda

More Phishing Scams Reported: Here’s What You Can Do

December 11, 2018

More and more phishing scams are targeting real estate professionals and their clients, attempting to dupe you out of money. There are several steps to take to make sure that you and your clients aren’t the next victims.

© TimeStopper - Moment/Getty Images

The National Association of REALTORS® issued an all-member alert on Sunday warning members of the latest email phishing attempt targeting the industry. The email appeared to be under the REALTOR® Party banner and solicited members to help “Support Diana” with a financial donation through a GoFundMe page. NAR warned that the email was not from the association or the REALTOR® Party. NAR says it will never solicit donations for personal or individual charities.

The latest is part of a string of phishing scams targeting the real estate industry in business email compromise that focus on ...

Read More

Friday, December 07, 2018   /   by Carlos J Higareda

How Homeowners Are Funding Home Renovations

December 6, 2018

Secured financing is the key to how many homeowners are paying for home upgrades, according to a new survey from home remodeling website Houzz and Bank of America. Owners who used secured financing were able to fund much larger home improvement projects, too, at nearly three times the median spending of those who paid for renovations with cash only ($32,000 versus $13,000), the study showed.

© Westend61 - Getty Images

More homeowners are turning to the equity they’ve accumulated in their homes. Those with mortgages have seen their home equity more than double since 2011. HELOCs—home equity line of credit—are the most common form of secured financing. HELOC originations totaled $157 billion in 2017, which is more than 60 percent of consumer real estate–secured financing, according to the study. Consumers surveyed said the top motivations for using a HELOC were ease o ...

Read More

Thursday, December 06, 2018   /   by Carlos J Higareda

Buyers Aren’t Giving Up, But Their House Hunts Are Lasting Longer

December 5, 2018

Buyers are spending significant time trying to find the perfect home. Fifty-four percent of active buyers say they’ve been trying to find the right home for three months or longer, according to the National Association of Home Builders’ Housing Trends Report poll.
Buyers say the biggest delays that are stretching out their home search is they can’t find a home at an affordable price (49%), followed by not being able to find a home with the desired features they want (40%) or in their ideal neighborhood (38%).

© National Association of Home Builders

But most of the prospective buyers surveyed say they refuse to give up and will keep looking until they find the right home. The NAHB survey found that buyers who are unable to find a home over the next few months plan to do the following:

61% will continue looking until the “right” home opens up in a preferred location
37% will ex ...

Read More

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.