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A WORD FROM STEVE!  The interest rates and home prices are beginning to move, not much, but they are moving upward!  The rates are still at a historical low and home prices are still low but things are going to start changing more, which also means the economy is improving!  Sellers be aware that the inventory of homes are low, making the demand high!  I had listings that I sold in a day and had multiple offers!  This is a great time to put your home on the market since most of the repo's and short sale listings are gone.  I need your listing because I have many buyers wanting to buy but we can't find the right home.  Please contact me if you're interested in buying or selling!  Also, we have teamed up with a credit repair company that's very agressive and could get your credit "right" in as litte as 30 days!  Call or email me if you need their service and if you sign up we'll pay more than half of your initial fee!  Thank you, and as always, happy home hunting!

INDIANAPOLIS HOMES UNDER $100,000!

HAMILTON COUNTY HOMES UNDER $200,000!

MULTI-FAMILY HOMES UNDER $100,000 IN MARION, HAMILTON & HANCOCK COUNTIES!

INDIANAPOLIS HOMES PRICED $100,000-$200,000!

HANCOCK COUNTY HOMES UNDER $200,000! 

Hello and welcome to my website!  As you might notice, I have developed some short cuts to some of the popular locations in and around Indianapolis and all you need to do is click on the link of the area or areas you desire!  Also, please note these are some of those listings, not all, if you wish to see all the listings in different price ranges and other areas, you will need to perform an advance search on this website.  I have been a full time full service Realtor for over 33 years!  I grew up on the east side of Indianapolis and attend Indianapolis Public School #69, Broad Ripple High School and Indiana University.  I presently live and work in Lawrence Township and live within the city limits of Lawrence Indiana in the area of 79th & Sunnyside Rd. in the Bay Ridge sub-division.  I  attend St. Simon Catholic Church and sit on the Professional Standards Committee of MIBOR Realtors Association.  Thank you for visiting and please visit often and I can help in all your real estate needs in Indianapolis, Fishers, Carmel, Noblesville, McCordsville and the surrounding areas.  I am always available to you via phone, email, text or in person, just let me know what I need to do to make your real estate sale or purchase smooth and "trauma free"!

Real Estate News!!!

Latest Realty News from NAR

President’s Day 2019: How Does the White House Compare to the Average Home?

In the spirit of President’s Day we can use data from the 2018 Profile of Home Buyers and Sellers to see how the typical home differs from the White House.

Typical Home Purchased in the U.S.

  • 86% of buyers purchased a previously owned home, with 82% of buyers choosing a detached single-family home.
  • Looking by first-time and repeat buyers, both also purchased detached single-family homes more often with 80% of first-time buyers and 83% of repeat buyers.
  • 51% of all buyers purchased their home in a suburb/subdivision.
  • The typical detached single-family home purchased was 1,980 square feet.
  • Recent homes purchased also had a median of 3 bedrooms, 2 bathrooms, and were built in 1991.
  • Among all buyers, the expected length of tenure in the home purchased was 15 years.

The White House

  • The White House was built in 1792, and in comparison is located in an urban or central area.
  • The White House contains 6 levels, has 132 rooms, including 35 bathrooms.
  • It also includes features such as: a tennis court, jogging track, swimming pool, billiard room, movie theatre, and bowling alley.
  • While the median expected tenure in a home lasts around 15 years, in the White House the expected tenure is between 4 and 8 years.

 

For more information on this data check out the President’s Day Infographic and the 2018 Profile of Home Buyers and Sellers.

Home Buyer Households: Valentine’s Day 2019

Using data from the 2018 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices.

  • Among all recent home buyers, 63 percent were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples.
  • Four percent of recent buyers identified as gay or lesbian, and one percent identified as bisexual.
  • Among first-time buyers, 54 percent were married couples, and 67 percent of repeat buyers were married couples.
  • Among first-time buyers, 16 percent were unmarried couples, and five percent of repeat buyers were married couples.
  • Among all home buyers, 82 percent purchased a detached single-family home, eight percent purchased a townhouse/row house, four percent purchased an apartment or condo.
  • Eighty-seven percent of married couples, and 83 percent of unmarried couples purchased a detached single-family home.
  • Married couples were typically 45 years old with a household income of $106,300. They typically purchased a home that was a median of 2,070 sq. ft., for $289,000.
  • Unmarried couples were typically 34 years old with a household income of $88,800. They typically purchased a home that was a median of 1,630 sq. ft., for $219,000.
  • Single females were typically 54 years old with a household income of $61,400. They typically purchased a home that was a median of 1,550 sq. ft., for $189,000.
  • Single males were typically 52 years old with a household income of $73,200. They typically purchased homes that were a median of 1,590 sq. ft., for $215,000.
  • Fifteen percent of all buyers were influenced to choose their neighborhood based on the convenience to a vet or outdoor space for their pet. 20 percent of unmarried couples chose their neighborhood based on the convenience to a vet or outdoor space for their pet.

For more information on how relationship status and household composition affects homeownership choices, check out the 2018 Profile of Home Buyers and Sellers and the Valentine’s Day infographic.

December 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were unchanged from last month at 4.99 percent this December, and up 18.2 percent compared to 4.22 percent a year ago.

  • Housing affordability declined from a year ago in December moving the index down 8.4 percent from 161.2 to 147.6. The median sales price for a single family home sold in December in the US was $256,400 up 3.4 percent from a year ago.
  • Nationally, mortgage rates were up 77 basis point from one year ago (one percentage point equals 100 basis points).
  • The payment as a percentage of income was down from last month at 16.9 percent this December and up from 15.5 percent from a year ago. Regionally, the West has the highest payment at 23.4 percent of income. The South had the second highest payment at 16.7 percent followed by the Northeast at 16.5 percent. The Midwest had the lowest payment as a percentage of income at 13.1 percent.

  • Regionally, the Northeast recorded the biggest increase in home prices at 9.2 percent. The South had an increase of 2.7 percent while the West had a gain of 2.3 percent. The Midwest had a modest decline in price of 0.1 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 14.3 percent. The South had a decline of 8.2 percent followed by the Midwest that fell 5.8 percent. The West had the smallest drop of 5.6 percent.
  • On a monthly basis, affordability is up from last month in all of the four regions. The Midwest region had the biggest increase of 4.7 percent. The Northeast had a decline of 3.1 percent followed by the West with a dip of 2.3 percent. The South had the smallest gain in affordability of 0.3 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 191.5. The least affordable region remained the West where the index was 106.9. For comparison, the index was 149.3 in the South, and 151.8 in the Northeast.

  • Mortgage applications are currently down while credit availability is up. Home prices are up 3.4 percent while median family incomes are growing 3.6 percent. Sales declined this year due to affordability issues, which has been more impactful than a healthy job market. Gains in affordability in all four regions are a good sign in the current market. Rate changes have an impact on the housing sector so small hikes can influence the effect on finances for potential homebuyers.

  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.
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Steve Shobe
Shobe & Boards, REALTORS

317-695-2308
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Testimonials

Dear Steve , We appreciate everything you've done to help our buying transaction went so smoothly and especially the septic issue! 😊 Thank you for being such a thoughtful ,kind and experienced agent that we totally relied on . We will keep you in mind if any of our friends wants to sell or buy a house . Have a wonderful day . Gary & June Cole
Dear Steve:

We are so excited to be settling in next week.  Thank you for all of your work and muddling through the aggravation.  We will certainly give your contact info to anyone we come across in need of a realtor.  We think our new home was a great deal, too!  

I hope that you celebrate a long awaited payday in a special way!

God Bless you, Steve!! Your Friends, Mick and Melissa
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