market data: What Effect Did The Stimulus Programs Have On Your Market?
- 02/02/12 07:12 AM
We're just into 2012 and already there's talk from Washington of a new program to "fix" the housing problem, with today's papers carrying a story about a modification of the Home Affordable Modification Act. While I've read conflicting reports its contents, it seems to focus on a refinancing plan to help people with good credit and current payments who are upside down on their current mortgages. Without getting into the specifics of the HAPA at this time, I couldn't help wondering how the previous plans had affected the housing market in Muncie and Delaware County, IN. The previous federal stimulus programs … (0 comments)
market data: Why Do Our Associations Publish Misleading Data?
- 11/30/11 03:57 AM
One of the negative characteristics attributed to Confederate Cavalry General J.E.B. Stuart was that he liked to read about his daring exploits in the newspapers. Many believe that attribute led to his "joy-ride" and absence from Lee's army just prior to and during the first 2 days of the Battle of Gettysburg. Lack of valid information about the battlefield and the disposition of Union troops played a large part in Lees' defeat. I can't help wonder if our state and national associations suffer from the same malady as J.E.B. Stuart. Do they continue to publish mis-leading data on the state of non-existant … (0 comments)
market data: Using Numbers in Our Business
- 11/16/11 08:06 AM
I read a recent post decrying the over-reliance on numbers in our real estate businesses. The post was well written and received a number of agreeable comments. While I know you can take anything too far, I think it's very necessary to use numbers in our business. Here's why. First and foremost, we all realize that real estate markets are local. Therefore, we need accurate local data to respond to the misleading numbers published by the NAR and our state associations. The statistics put out, especially by the NAR are picked up by national media and create false impressions that probably don't apply anywhere. … (0 comments)
market data: Third Quarter 2011 Residential Real Estate Results for Muncie & Delaware Co. IN
- 10/10/11 08:28 AM
It's probably too early to get excited, but the third quarter 2011 residential real estate results for Delaware Co. In are in and we may have turned the corner. Third quarter unit sales were up nearly 3% over the same quarter in 2010 and it was the first time in the past 4 quarters that units sold had exceeded the same period in the previous year. Year to date is still behind due to very low activity in the first 2 quarters of this year. It does look like the rest of 2011 has a good chance to exceed the fourth … (0 comments)
market data: Storer Neighborhood Home Sales Better Than Co. as a Whole
- 09/14/11 03:56 AM
Real estate activity in the Storer School Distric pretty well reflects the overall Muncie-Delaware County market. Through the first 8 1/2 months of 2011 there have been 80 homes sold averaging just over $90,000. Original asking price average for these homes was $99,530 and it's taking just about 126 days from list to close. There are currently 75 for sale withg an average asking price of $106,430. Real estate is very, very localized however so if you want specifics for your home, please contact me. Looking at Del. Co. as a whole, the average selling price has been under $90,000 and … (0 comments)
market data: Is the Muncie IN Housing Market Improving?
- 09/12/11 07:20 AM
Maybe I'm "whistling in the dark," but there are signs of recovery in the Muncie market. For the past two months, unit sales have been above those of the same month from the previous year. That may not be too exciting, but we have to back to May, 2010 to find another month that had more unit sales than the same month in the previous yr. I have to back to Feb. & March of 2010 to find 2 consecutive moths improved. We still have a long way to go and both sale price and days on market have deteriorated from … (0 comments)
We're just into 2012 and already there's talk from Washington of a new program to "fix" the housing problem, with today's papers carrying a story about a modification of the Home Affordable Modification Act. While I've read conflicting reports its contents, it seems to focus on a refinancing plan to help people with good credit and current payments who are upside down on their current mortgages. Without getting into the specifics of the HAPA at this time, I couldn't help wondering how the previous plans had affected the housing market in Muncie and Delaware County, IN.
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