Home Ownership Matters!

Last week Justine and I attended the Rally to Protect THE AMERICAN DREAM at the foot of the Washington Monument. We were in Washington D.C. for our annual National Association of REALTORS Mid-Year meetings where we visit with our Congressmen and Senators to lobby for legislation beneficial to current and future Home Owners (more about that in a future blog post).

Being an election year, and with our legislators looking for ways to balance the budget, Congress is looking at FHA, Fannie Mae, Freddie Mac, the Mortgage Interest Deduction, and other things that could negatively impact the ability of Home Buyers and Sellers to buy and sell real estate. Over our next few blog posts I hope to let you know about some of the issues we addressed with our representatives and why they are important to all of us. 

Bruce & Justine Bright
THE BRIGHT Side of Real Estate
Our Website: www.BrightSideTeam.com 
Home Search Site: www.IndyHomeSearcher.com

April Home Sales on the Rise

Housing data released today for April 2012 shows continued growth in central Indiana, including an increase in home prices and a rising number of closed and pending sales. The April Monthly Indicators Report of BLC® listing service data released by MIBOR today reveals that closed sales increased by 16.1 percent in the three months ending in April 2012 when compared to the same three-month period last year. In April alone, closed sales increased by 18 percent. Pending sales also continued to increase, up 11.2 percent for the three months ending in April, and 7.8 percent in the one-month comparison. Average sales and median sales price experienced continued growth, up 5.5 and 6.0 percent respectively in the three-month comparison. Months of supply decreased considerably in both the one and three-month view. Months of supply of inventory stands at 8.1 months in April. Along with the Monthly Indicators report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on May 16. To download the Monthly Indicators report, click here. To view the one-page county reports, click here. Please note, due to the length of the reports, it may take a few minutes to download. If you have questions regarding the data, please let us know!

Bruce & Justine Bright
THE BRIGHT Side of Real Estate
Our Website: www.BrightSideTeam.com
Home Search Site: www.IndyHomeSearcher.com