Carmel Indiana Real Estate News & Listings Presented By Keller Williams Realtyhttp://www.guttinggroup.comFri, 03 Sep 2010 18:34:06 GMTBeautiful Lakefront Property on Morse Lake

Breathtaking views of Morse Reservoir sitting on nearly 3 Acres of wooded, peaceful & serene property with boat dock. What more could you want?  Lakefront 3 bedroom, 2.5 bath w/walkout lower level complete w/wet bar, rec room, 2 br's, den & sunroom w/loads of windows.  Enjoy the views from the sandy beach or the spacious deck. 2 story family room w/stone wood burning fireplace, desirable open floorplan, and pole barn w/concrete floor. Numerous updates including roof, furnace & heat pump (09). Ultraviolet purifier and upgraded chromoglass septic system. 

]]>http://www.guttinggroup.com/property/17-Point-Lane-Arcadia-Indianahttp://www.guttinggroup.com/property/17-Point-Lane-Arcadia-IndianaTue, 24 Aug 2010 17:13:54 GMTNew Listing- 2.8 Acre Wooded Lot on Morse Lake, 17 Point LaneBreathtaking views of Morse Reservoir sitting on nearly 3 Acres of wooded, peaceful & serene property with boat dock. What more could you want?  Lakefront 3 bedroom, 2.5 bath w/walkout lower level complete w/wet bar, rec room, 2 br's, den & sunroom w/loads of windows.  Enjoy the views from the sandy beach or the spacious deck. 2 story family room w/stone wood burning fireplace, desirable open floorplan, and pole barn w/concrete floor. Numerous updates including roof, furnace & heat pump (09). Ultraviolet purifier and upgraded chromoglass septic system. 

For further information, call 317-846-4888 or visit http://www.guttinggroup.com/property/17-Point-Lane-Arcadia-Indiana

]]>http://www.guttinggroup.com/Blog/New-Listing-28-Acre-Wooded-Lot-on-Morse-Lake-17-Point-Lanehttp://www.guttinggroup.com/Blog/New-Listing-28-Acre-Wooded-Lot-on-Morse-Lake-17-Point-LaneTue, 24 Aug 2010 10:27:00 GMTIndianapolis, Indiana 2nd Most Affordable Housing Major MarketAccording to CNN MONEY.. Syracuse slipped by Indianapolis as the #1 Affordable Major Market in Housing.  Read the full article below.  Love to live in one of the most affordable housing markets in the country!

Runner-up: Indianapolis
Runner-up: Indianapolis
A big estate in an Indianapolis suburb goes for $445,000.
• PLAYNewbie owners go small
Median home price: $113,000
Median income: $68,700
Affordability score: 94.3%

The state capital and largest city in Indiana, with a metro area population 1.7 million, had been the most affordable big city in the nation for nearly five straight years.

The arithmetic is simple: quite high median family income -- $68,700 annually -- and low home prices -- a very reasonable $113,000 median -- equal high affordability.

The rise in home prices from $106,000 earlier in the year, though, was enough to enable Syracuse to pass Indianapolis on the most affordable list.

Like many well-established industrial cities in the Midwest and Northeast, economic and population growth has slowed in Indianapolis. With these forces depressing demand, there's little upward pressure on prices. A big foreclosure problem has contributed to a weak housing market. The metro area recorded nearly 11,700 foreclosure filings during the first half of 2010, the 51st worst rate among 206 cities surveyed by RealtyTrac. That puts the town on a faster foreclosure track than 2009, when there were18,400 properties with foreclosure filings.

 

Derek Gutting, The Gutting Group, Keller Williams Realty, www.Guttinggroup.com

]]>http://www.guttinggroup.com/Blog/Indianapolis-Indiana-2nd-Most-Affordable-Housing-Major-Markethttp://www.guttinggroup.com/Blog/Indianapolis-Indiana-2nd-Most-Affordable-Housing-Major-MarketSat, 21 Aug 2010 09:40:00 GMTOPEN HOUSE Waterfront Plaza Condos this Sunday, Aug 22nd from 1:00 - 3:00 pm

Open Open House:

Sunday, August 22, 1:00 p.m. to 3:00 p.m.

5 Bank Owned Units Available 
Waterfront Plaza Condos
420 W. Jackson St, Cicero, IN 46034

 Directions: 

US 31 to 236th, go east across Morse Reservoir, to Waterfront Condos on left.  Or go SR 19 North to 236th (Jackson St.), turn left or west to Waterfront Condos on your right (before reservoir).

To find out more information on this listing or to schedule a showing,

http://www.guttinggroup.com/property/420-W-Jackson-St-61-Cicero-Indiana

Call us Today, 317 846-4888

]]>http://www.guttinggroup.com/Blog/OPEN-HOUSE-Waterfront-Plaza-Condos-this-Sunday-Aug-22nd-from-100-300-pmhttp://www.guttinggroup.com/Blog/OPEN-HOUSE-Waterfront-Plaza-Condos-this-Sunday-Aug-22nd-from-100-300-pmFri, 20 Aug 2010 03:00:00 GMTAugust Real Estate Report!

This Month in Real Estate
August 2010

...............................................................................................................................................

Market Update

Housing activity continues to remain above year-ago levels despite some setbacks resulting from the now-expired tax credit. Improved stability in home prices with similar levels of distressed properties seen last year offers a hopeful sign the market is holding its ground. However, the economy still has a considerable way to go to achieve its full recovery. 

Consumers are saving more and being picky about how they spend their money. While a higher savings rate means less spending in the near term, this is a positive sign that households are taking control of their finances to build some cushion that can be used to pay down debt and/or support future spending.

 

Existing home sales marked the twelfth consecutive month of year-over-year increase in June. On a monthly basis, sales activity eased 5.1% from May. The moderation in home sales reflects “understandable swings as buyers responded to the tax credits,” according to Lawrence Yun, NAR chief economist. He anticipates such impact to show up in the next two months.

 

June’s median home price increased for the fourth consecutive month. Distressed homes, accounting for 32% of sales last month, continued holding home prices at highly affordable levels for the time being. While distressed sales hovered around the same level as a year ago, the gain in home prices is pointing to a sustained stability in the making.

Interest Rates

Mortgage rates set a new record low in July as consumer confidence softened and unemployment remained elevated. This presents a great opportunity for buyers and investors. Coupled with lowered home prices and a robust rental market, investors are finding their way to cash-flow opportunities. As recovery gains deeper roots, rates will need to rise to keep inflation in check. 

 

Rates as of August 6.

This Month's Video

Topics For Home Owners, Buyers & Sellers

 

Consumers Beware: New Credit Card Tricks

On May 22, 2009, President Obama signed into law the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009, marking a turning point for American consumers and ending the days of unfair rate hikes and hidden fees. While the new law offers significant  safeguards, consumers still need to be vigilant against new practices designed to outflank the new rules.

Stay as informed as possible, read your statement , report any irregularities immediately, and watch for these tricks.

  • Shortened Billing Cycle: The CARD Act requires companies to allow a window of at least 21 days from when a statement is mailed and when payment is due. Cardholders are reporting being shortchanged on billing cycle time and then being assessed late-payment fees.
    Advice: Watch out for shortened payment dates.

  • Sunday Due Dates: The CARD Act stipulates if a creditor does not receive or accept payments on weekends or holidays, then the date is extended and late-payment fees shouldn’t be triggered. However, some banks say they’re open for business even when there’s no mail delivery.
    Advice: Don’t assume you are safe.

  • Low-Limit Cards: The CARD Act says a card’s total annual fees can’t exceed 25% of a borrower’s credit line. However, some issuers may be evading the fee restrictions by charging an up-front processing fee that doesn’t fall under the 25% cap.
    Advice: Watch out for processing and other fees.

  • False Inactive Fees: Issuers will no longer be able to charge inactivity fees or extra charges for people who don’t spend a certain amount each year, effective August 22. However, some issuers are charging an annual fee that’s waived if cardholders reach a certain spending threshold.
    Advice: Watch out for conditional annual fees.

  • Rebate Offers: Some credit cards offer refunds on finance charges when customers pay on time. However, rebate offers aren’t governed by the CARD Act, and such offers can be revoked suddenly and for any reason, leaving cardholders stuck with higher charges.
    Advice: Rebates may translate to real savings in finance charges.

Source: The Wall Street Journal

 

Contact me,

your local real estate expert,

for information about what's going on in our area. 

 

 

Newsletter Contents

1. Market Update

2. Interest Rates

2. Video

3. Topics for Owners, Buyers & Sellers

 

Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report. 
The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources.  You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion.  Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind.  All information presented herein is intended and should be used for educational purposes only.  Nothing herein should be construed as investment advice.  You should always conduct your own research and due diligence and obtain professional advice before making any investment decision.  All investments involve some degree of risk.  Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.

 

Derek Gutting, The Gutting Group, Keller Williams Realty, www.GuttingGroup.com

]]>http://www.guttinggroup.com/Blog/August-Real-Estate-Reporthttp://www.guttinggroup.com/Blog/August-Real-Estate-ReportMon, 16 Aug 2010 15:42:00 GMTCan I refinance a home that is worth less than I owe?

FHA Launches Short Refinance Opportunity for Underwater Homeowners

Print Article Print Article

RISMEDIA, August 10, 2010—In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development recently provided details on the adjustment to its refinance program, which was announced earlier this year, that will enable lenders to provide additional refinancing options to homeowners who owe more than their home is worth. Starting September 7, 2010, the Federal Housing Administration (FHA) will offer certain “underwater” non-FHA borrowers who are current on their existing mortgage and whose lenders agree to write off at least 10% of the unpaid principal balance of the first mortgage, the opportunity to qualify for a new FHA-insured mortgage.

The FHA Short Refinance option is targeted to help people who owe more on their mortgage than their home is worth—or “underwater”—because their local markets saw large declines in home values. Originally announced in March, these changes and other programs that have been put in place will help the Administration meet its goal of stabilizing housing markets by offering a second chance to up to 3-4 million struggling homeowners through the end of 2012.

“We’re throwing a life line out to those families who are current on their mortgage and are experiencing financial hardships because property values in their community have declined,” said FHA Commissioner David H. Stevens. “This is another tool to help overcome the negative equity problem facing many responsible homeowners who are looking to refinance into a safer, more secure mortgage product.”

FHA recently published a mortgagee letter to provide guidance to lenders on how to implement this new enhancement. Participation in FHA’s refinance program is voluntary and requires the consent of all lien holders. To be eligible for a new loan, the homeowner must owe more on their mortgage than their home is worth and be current on their existing mortgage. The homeowner must qualify for the new loan under standard FHA underwriting requirements and have a credit score equal to or greater than 500. The property must be the homeowner’s primary residence, and the borrower’s existing first lien holder must agree to write off at least 10% of their unpaid principal balance, bringing that borrower’s combined loan-to-value ratio to no greater than 115%.

In addition, the existing loan to be refinanced must not be an FHA-insured loan, and the refinanced FHA-insured first mortgage must have a loan-to-value ratio of no more than 97.75%. Interested homeowners should contact their lenders to determine if they are eligible and whether the lender agrees to write down a portion of the unpaid principal.

To facilitate the refinancing of new FHA-insured loans under this program, the U.S. Department of Treasury will provide incentives to existing second lien holders who agree to full or partial extinguishment of the liens. To be eligible, servicers must execute a Servicer Participation Agreement (SPA) with Fannie Mae, in its capacity as financial agent for the United States, on or before October 3, 2010.

 

Derek Gutting, The Gutting Group, Keller Williams Realty, www.GuttingGroup.com

]]>http://www.guttinggroup.com/Blog/Can-I-refinance-a-home-that-is-worth-less-than-I-owehttp://www.guttinggroup.com/Blog/Can-I-refinance-a-home-that-is-worth-less-than-I-oweTue, 10 Aug 2010 11:23:00 GMTNew Listing- 7422 Pebblebrooke W. Dr, Lawrence

3 BR/2BA RANCH, OPEN FLOOR PLAN, LARGE GREAT ROOM W/VAULTED CEILINGS & RAISED HEARTH STONE FIREPLACE. HUGE MASTER SUITE W/WALK IN CLOSET. CUSTOM DECK W/BUILT-IN BENCH SEATING FULLY FENCED REAR YARD. STORAGE BARN FOR EXTRA STORAGE.

For more details call 317-846-4888 or visit http://www.guttinggroup.com/property/7422-Pebblebrooke-W-Dr-Lawrence-Indiana

]]>http://www.guttinggroup.com/Blog/New-Listing-7422-Pebblebrooke-W-Dr-Lawrencehttp://www.guttinggroup.com/Blog/New-Listing-7422-Pebblebrooke-W-Dr-LawrenceMon, 09 Aug 2010 16:47:00 GMT7422 Pebblebrooke W. Dr., Indianapolis, IN 46236

3 BR/2BA RANCH, OPEN FLOOR PLAN, LARGE GREAT ROOM W/VAULTED CEILINGS & RAISED HEARTH STONE FIREPLACE. HUGE MASTER SUITE W/WALK IN CLOSET. CUSTOM DECK W/BUILT-IN BENCH SEATING. FULLY FENCED REAR YARD. STORAGE BARN FOR EXTRA STORAGE.

]]>http://www.guttinggroup.com/property/7422-Pebblebrooke-W-Dr-Indianapolis-Indianahttp://www.guttinggroup.com/property/7422-Pebblebrooke-W-Dr-Indianapolis-IndianaFri, 06 Aug 2010 23:28:08 GMTOPEN HOUSE Waterfront Plaza Condos this Sunday, Aug 8th from 1:00 - 4:00 pm

Open Open House:

Sunday, August 8

1:00 p.m. to 4:00 p.m.

5 Bank Owned Units Available 
Waterfront Plaza Condos
420 W. Jackson St, Cicero, IN 46034

 Directions: 

US 31 to 236th, go east across Morse Reservoir, to Waterfront Condos on left.  Or go SR 19 North to 236th (Jackson St.), turn left or west to Waterfront Condos on your right (before reservoir).

To find out more information on this listing or to schedule a showing,

http://www.guttinggroup.com/property/420-W-Jackson-St-61-Cicero-Indiana

Call us Today, 317 846-4888

]]>http://www.guttinggroup.com/Blog/OPEN-HOUSE-Waterfront-Plaza-Condos-this-Sunday-Aug-8th-from-100-400-pmhttp://www.guttinggroup.com/Blog/OPEN-HOUSE-Waterfront-Plaza-Condos-this-Sunday-Aug-8th-from-100-400-pmWed, 04 Aug 2010 03:00:00 GMTWonderful 3 BR Townhome in the Heart of College Park Estates

Wonderful 3 bed, 2.5 bath townhome situated in park like setting in the heart of College Park Estates. Updated kitchen w/ new cabinets, counter tops and laminate flooring. Open staircase, 6 panel doors, wood burning fireplace, brick tile entry & hall. Large private patio connected 2 car garage to townhome. Beautiful courtyard out your front door w/ large flowentry trees and landscape convenient to all major shopping and St. Vincent hospital.

]]>http://www.guttinggroup.com/property/2825-Thornton-Lane-Indianapolis-Indianahttp://www.guttinggroup.com/property/2825-Thornton-Lane-Indianapolis-IndianaMon, 02 Aug 2010 16:36:16 GMTNew Listing- 3 BR Townhome in College Park Estates

Wonderful 3 bed, 2.5 bath townhome situated in park like setting in the heart of College Park Estates. Updated kitchen w/ new cabinets, counter tops and laminate flooring. Open staircase, 6 panel doors, wood burning fireplace, brick tile entry & hall. Large private patio connected 2 car garage to townhome. Beautiful courtyard out your front door w/ large flowentry trees and landscape convenient to all major shopping and St. Vincent hospital.

For more information please call (317) 846-4888 or visit http://www.guttinggroup.com/property/2825-Thornton-Lane-Indianapolis-Indiana

]]>http://www.guttinggroup.com/Blog/New-Listing-3-BR-Townhome-in-College-Park-Estateshttp://www.guttinggroup.com/Blog/New-Listing-3-BR-Townhome-in-College-Park-EstatesMon, 02 Aug 2010 03:00:00 GMTOpen House this Sunday, August 1- 13099 Sterling Commons, Fishers

Open House:

Sunday, August 1
2:00 p.m.to 4:00 p.m.

13099 Sterling Commons

Sterling Green in Fishers

 Directions: 

East on 131st from SR37 to Sterling Green.  Turn South on Sterling Commons.

To find out more information on this listing or to schedule a showing,

http://www.guttinggroup.com/property/13099-Sterling-Commons-Fishers-Indiana

Call us Today, 317 846-4888

]]>http://www.guttinggroup.com/Blog/Open-House-this-Sunday-August-1-13099-Sterling-Commons-Fishershttp://www.guttinggroup.com/Blog/Open-House-this-Sunday-August-1-13099-Sterling-Commons-FishersWed, 28 Jul 2010 16:38:00 GMTNew Listing- 3 BR in Willow Creek, Westfield- 3140 Grandview Way

3 BR/2.5 BA home on quiet cul-de-sac. Open floor plan with vaulted ceilings through kitchen and great room. Gorgeous upgraded cherry cabinets and all kitchen appliances stay. Great Room/Dining Room combo, cozy wood burning fireplace. 2 bedrooms upstairs with one full bath. Desirable main level master suite w/walk in closet. Fully fenced rear yard. Great Westfield location. Convenient to shopping and interstate access.

For details call 317-846-4888

http://www.guttinggroup.com/property/3140-Grandview-Way-Westfield-Indiana

]]>http://www.guttinggroup.com/Blog/New-Listing-3-BR-in-Willow-Creek-Westfield-3140-Grandview-Wayhttp://www.guttinggroup.com/Blog/New-Listing-3-BR-in-Willow-Creek-Westfield-3140-Grandview-WayWed, 28 Jul 2010 10:58:00 GMT3 BR/ 2.5 BA On Quiet Cul-de-sac in Willow Creek

3 BR/2.5 BA home on quiet cul-de-sac. Open floor plan with vaulted ceilings through kitchen and great room. Gorgeous upgraded cherry cabinets and all kitchen appliances stay. Great Room/Dining Room combo, cozy wood burning fireplace. 2 bedrooms upstairs with one full bath. Desirable main level master suite w/walk-in closet. Fully fenced rear yard. Great Westfield location. Convenient to shopping and interstate access.

]]>http://www.guttinggroup.com/property/3140-Grandview-Way-Westfield-Indianahttp://www.guttinggroup.com/property/3140-Grandview-Way-Westfield-IndianaMon, 26 Jul 2010 22:52:54 GMTNew Listings- 5 Brand New Bank Owned Condos at One Waterfront Plaza on Morse Lake

Maintenance Free luxury living at its finest awaits at One Waterfront Plaza!  BRAND NEW, one level condos, upscale finishes, magnificient water views from your private terrace! Absolutely breathtaking!   Boat dock is included.  Enjoy the heated pool overlooking Morse Reservoir.  High speed elevator service to all levels.  Some units with garage parking. 2 Model Homes Available.

For details call 317-846-4888

http://www.guttinggroup.com/property/420-W-Jackson-St-61-Cicero-Indiana

 

]]>http://www.guttinggroup.com/Blog/New-Listings-5-Brand-New-Bank-Owned-Condos-at-One-Waterfront-Plaza-on-Morse-Lakehttp://www.guttinggroup.com/Blog/New-Listings-5-Brand-New-Bank-Owned-Condos-at-One-Waterfront-Plaza-on-Morse-LakeFri, 16 Jul 2010 13:17:00 GMTOpen House this Sunday, July 18th - 13099 Sterling Commons, FishersOpen House:

Sunday, July 18
2:00 p.m.to 4:00 p.m.

13099 Sterling Commons

Sterling Green in Fishers

 Directions: 

East on 131st from SR37 to Sterling Green.  Turn South on Sterling Commons.

To find out more information on this listing or to schedule a showing,

http://www.guttinggroup.com/property/13099-Sterling-Commons-Fishers-Indiana

Call us Today, 317 846-4888

]]>http://www.guttinggroup.com/Blog/Open-House-this-Sunday-July-18th-13099-Sterling-Commons-Fishershttp://www.guttinggroup.com/Blog/Open-House-this-Sunday-July-18th-13099-Sterling-Commons-FishersFri, 16 Jul 2010 09:14:00 GMTLuxury Condo on Morse Lake

Maintenance Free luxury living at its finest awaits at One Waterfront Plaza!  BRAND NEW, one level condos, upscale finishes, magnificient water views from your private terrace, located on the top floor.  Absolutely breathtaking!   Boat dock is included.  Enjoy the heated pool overlooking Morse Reservoir.  Garage parking.  High speed elevator service to all levels.

]]>http://www.guttinggroup.com/property/420-W-Jackson-St-61-Cicero-Indianahttp://www.guttinggroup.com/property/420-W-Jackson-St-61-Cicero-IndianaWed, 14 Jul 2010 23:21:52 GMTLuxury Condo on Morse Lake

Maintenance Free luxury living at its finest awaits at One Waterfront Plaza!  BRAND NEW, one level condos, upscale finishes, magnificient water views from your private terrace.  Absolutely breathtaking!   Boat dock is included.  Enjoy the heated pool overlooking Morse Reservoir.  High speed elevator service to all levels.  Some units with garage parking.

]]>http://www.guttinggroup.com/property/420-W-Jackson-St-53-Cicero-Indianahttp://www.guttinggroup.com/property/420-W-Jackson-St-53-Cicero-IndianaWed, 14 Jul 2010 22:24:50 GMTLuxury Condo on Morse Lake

Maintenance Free luxury living at its finest awaits at One Waterfront Plaza!  BRAND NEW, one level condos, upscale finishes, magnificient water views from your private terrace.  Absolutely breathtaking!   Boat dock is included.  Enjoy the heated pool overlooking Morse Reservoir.  High speed elevator service to all levels.  Some units with garage parking.

]]>http://www.guttinggroup.com/property/420-W-Jackson-St-43-Cicero-Indianahttp://www.guttinggroup.com/property/420-W-Jackson-St-43-Cicero-IndianaWed, 14 Jul 2010 22:23:38 GMTLuxury Condo on Morse Lake

Maintenance Free luxury living at its finest awaits at One Waterfront Plaza!  BRAND NEW, one level condos, upscale finishes, magnificient water views from your private terrace.  Absolutely breathtaking!   Boat dock is included.  Enjoy the heated pool overlooking Morse Reservoir.  High speed elevator service to all levels.  Some units with garage parking.

]]>http://www.guttinggroup.com/property/420-W-Jackson-St-42-Cicero-Indianahttp://www.guttinggroup.com/property/420-W-Jackson-St-42-Cicero-IndianaWed, 14 Jul 2010 22:21:48 GMT