brownsburg: Leasing vs. Buying a Home in Brownsburg, Indiana
- 08/31/16 03:42 AM
Leasing vs. Buying a Home in Brownsburg, Indiana OK, I just can't help myself. I am obsessed with statistics, as you well know if you've ready any of my blog posts here. This is a comparison I've been wanting to do for a while. I've known that for many years, leasing a home (not apartment) in Brownsburg on its face costs more than buying. I wanted to see if I could determine just how much. Yes, there are many factors to consider when comparing these two things. I also routinely point to one of my favorite saying when it comes to statistics: "If you torture the … (9 comments)
brownsburg: Revisiting the Housing Bubble
- 08/15/16 03:05 AM
Revisiting the Housing Bubble Over three years ago, I wrote an article about how I saw the housing bubble pop in Central Indiana. Considering the crazy market we now find ourselves in, I thought I would revisit the graph I made regarding this, and update it to see what things look like now (Q2 2016). Without further adieu, here is the graph:
It's pretty easy to pick out the housing bubble of the '00s here. Values had pretty much bottomed out by the end of 2011. Since then, there has been a rather large correction to the positive. However, if you look at the graph … (0 comments)
brownsburg: Brownsburg, Indiana Real Estate Stats - June 2016
- 07/13/16 01:58 AM
Brownsburg, Indiana Real Estate Stats - June 2016 How is the market in our corner of Metropolitan Indianapolis? Data encompasses the entire Brownsburg Community School Corporation district and for purposes of this report, includes resale homes only (no new construction). Here is the year-over-year results, comparing June 2015 to June 2016:
Here is the current status of residential real estate in Brownsburg as of July 13, 2016: 150 homes are active, for sale 133 homes are under contract (accepted offer, yet to close) 96 homes have sold in the past 30 days, From this, we can determine the area's Absorption Rate, which is simply the rate at … (1 comments)
brownsburg: Lakeside Living in Metropolitan Indianapolis
- 12/01/15 01:32 AM
Well, that’s a bit of a misnomer. Unless you reside along the shore of one of Metro Indy’s three reservoirs, pickin’s here are pretty slim. In fact, most lakes in these parts are between five and fifteen acres in size and look a lot like this: Something that often seems to confuse real estate agents around here is what the difference is between a lake and a retention pond. For local purposes, a body of water that follows the geographic contour of an area, and could be natural or man-made, by damming a stream (as shown in the picture below to the … (0 comments)
Let's take a look at the rental housing market in Brownsburg, Indiana versus the resale housing market. As of today (6/30/15), Ruoff Home Mortgage indicates mortgage rates in this area are 4.297%. With 5% down on a $200,000 home, monthly mortgage payments will be about $1,300 (includes loan principle and interest, plus real estate taxes and homeowners insurance). Now let's look at the difference between a $200,000 home in Brownsburg and a $1,300/month rental. Rental homes are leasing at an average of $0.72/square foot. At $1,300, that equates to a 15 year old, 1,800SF home. Typically a large 3 or … (1 comments)
brownsburg: Brownsburg, Indiana Real Estate Stats - May, 2015
- 06/12/15 05:21 AM
Brownsburg, Indiana Real Estate Stats - May, 2015 I took a little time this morning to see how the Brownsburg, Indiana real estate market is doing. I've compiled data for the month of May. Here is the year-over-year results, comparing May, 2014 to May, 2015:
Here is the status of residential real estate in Brownsburg- 266 homes are active, for sale 89 homes are pending (accepted offer, waiting to close) 84 homes have sold in the past 31 days, From this, we can determine the area's Absorption Rate, which is simply the rate at which homes are selling in a specific area. I won't bore … (0 comments)
brownsburg: Shout Out to the Lady Bulldogs!
- 02/08/13 10:16 PM
Shout Out to the Lady Bulldogs! It's high school basketball tournament time in Indiana once again, and the Brownburg High School Lady Bulldogs are looking to make some noise this year. Sectionals, which got under way this week in town featured a matchup between Brownsburg and their tourney foes for the past three seasons, the Ben Davis Giants. Brownsburg had lost seven of the last eight meetings with Ben Davis, and were ousted from sectionals three years in a row by them. Last night was different as the Lady Bulldogs dug deep and, behind the leadership of North Carolina-bound and Indiana … (0 comments)
brownsburg: Brownsburg Homes with Main Floor Master Bedrooms
- 01/31/13 04:40 AM
Brownsburg Homes with Main Floor Master Bedrooms Brownsburg, Indiana is a growing community of over 22,000 located just 15 miles northwest of downtown Indianapolis. It boasts some of the top schools in the area and has easy access to all parts of the area . If you're like me and are ready to save a little wear and tear on your back and knees, then you should tak a look at these Brownsburg homes with main floor master bedrooms.* There are homes available across all price ranges, sizes and amenities. See if there's something you like. If you do, give me a … (0 comments)
Leasing vs. Buying a Home in Brownsburg, Indiana
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