Tuesday, October 15, 2013

October Steve & Jack's Home News

Happy October and Halloween! We hope you are enjoying some cooler weather. If you love the heat, maybe a vacation somewhere warm is being planned. Our girls are excited about dressing up again this year and getting together with all of the neighbors for our annual tradition of dinner and then Trick-or-Treating. Ana is going around as Princess Leah and Tali will be Tangled. Ana wanted her to be Yoda, but we put the kibosh on that one!

Our family has an annual tradition of attending the Headless Horseman at Conner Prairie every year and we continued that tradition on Sunday. If you haven't been, I encourage you to go. It is very well-done and there are a lot of activities to keep kids and grandkids occupied for a few hours. The Sleepy Hollow puppet show is extremely popular and if you haven't seen it, would recommend it highly.

Next Thursday & Friday is our Fall Break and we are going with Jack and Mary Anne to the Smokies. We are really looking forward to spending time together and are hoping that the park opens by then!

This year continues to be extremely good for real estate, however since the Federal Government partial shut-down, buyer traffic has slowed significantly all over the country as buyers are hearing that lenders are not able to close loans. While the shut-down isn't helping things, that sentiment is not accurate. Loans are still closing and lenders are making changes to the prior requirement to receive tax transcripts and are asking for an additional year of a tax return instead, in many cases. People are still closing loans, but clearly a budget deal would greatly help!

As for some market updates, things are still going very well:
*Closed sales are up 22.2%
*Median sales prices are up 5.6%
*Inventory is down 12.7% to just 5.6 months, which constitutes a SELLERS' market

Thank you to everyone who has registered for the FREE Colts-Bronco's tickets for Sunday night's game. We will be drawing one lucky winner at 4PM TODAY, so if you haven't called us yet to register, please do so-317-573-1880. Good luck!!!

Also, Ana and I will be attending the sold-out All-Pro Dad's Club breakfast this Friday morning at 7:30AM at Carey Ridge Elementary school, where several former Colts' players, including Hunter Smith will be talking, including a message from Tony Dungy. The NFL will be there filming and we should be on TV on Sunday night, so please watch for us! After the breakfast, we get to tour the Sunday Night Football RV. Ana is SO excited!!!! Let's hope for a better showing of our Colts than last night. Ugh!!

Enjoy the newsletter and, as always THANK YOU for your continued support and referrals. Please continue to think of us for your real estate needs and those of people you care about. We love to help!

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Steve & Jack Rupp