January 2012 Steve & Jack's Home News

Happy 2012!! Click here for a link to our first newsletter of the new year as well as a link to our Indy-area real estate blog, & VIP savings site. Enjoy!!

Merry Christmas!

Merry Christmas to all of our loyal clients, friends, and colleagues who have been so supportive this past year!!! While many agents have struggled, we continue to have a strong business and it is because of you. May your 2012 be exciting, prosperous, and fun and feel comfortable knowing we are always here for you and those you care about for your real estate needs. Merry Christmas and Happy New Year!!

December Steve & Jack's Home News

Click here for our latest newsletter full of fun articles and entertaining articles, learn about little-known facts and take a quiz. Also, take a look at the coupons and discounts you can use at places you shop every day! Enjoy!!!

Housing Numbers Up in Hamilton County

The following article appeared in the Current Newspaper on November 8, 2011 in an interview of Steve Rupp by the editor Jordan Fischer: According to the MIBOR third quarter report, the number of closed sales in Hamilton County increased by 27.7% compared to 2010. Steve Rupp, REALTOR for Prudential Indiana Realty Group spoke with Jordan Fischer from The Current Newspaper about these figures. “The third quarter is turning out to be the best quarter of the year so far,” Rupp said. “new listings are down, and that’s excellent. We need those numbers to come down. And part of that is that foreclosures are down.” The monthly supply of housing inventory for Hamilton County dropped 3.5% in September to 8.3 months. That’s lower, Rupp said, than MIBOR’s average inventory, which is hovering around 9.5 months. The median sales price did drop 3.9% compared to this period last year, however, which Rupp said is a sign homeowners are still having to negotiate “pretty hard” to sell their homes (homeowners on average received 90.4% of their original list price sale in September). Rupp said he was optimistic MIBOR numbers were signs of an upward trend for the market. “It will be interesting to see where we are in February-March-April of next year, relative to 2011. My guess...is that we’re going to continue the trend of pretty good numbers. If you couple that with still significantly-lower than historical average interest rates, you’re going to have some pretty strong numbers...and you’re not going to have anything holding it back.” In fact, November's numbers just came in and they are even better!! Now is a great time to buy a home, especially in Hamilton County!!