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Affordability boosts Indianapolis housing market 

Housing Wire

Indianapolis is a hub for logistics businesses, including the world’s second-largest FedEx Express hub and the divisional headquarters for freight and transportation giant CSX. Holle’s business was down about 10% in 2023 compared to 2022, which she attributes almost exclusively to elevated mortgage rates.

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Can we still avoid a recession?

Housing Wire

In addition, prices paid for transportation of products from China to the U.S. Now, this stressful aspect of transportation costs is gone and the fear of a downturn in the freight industry is taking hold. However, the biggest component of inflation isn’t the transportation cost of goods from China to the U.S.,

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

The report noted that “most bankers reported that residential mortgage demand remained weak.” Richmond – There was reduced market activity this period, partially due to the usual seasonality, with a decline in the number of listings, decreased buyer traffic, and increased days on market.

Inventory 411
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. 11am-7pm ; Sun.

HOA 36
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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

New owners here spend an average of $232.5K on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the number of sales rose 1.7%

Sellers 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. Falling new inventory is constraining transaction volumes while also supporting higher home prices.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. this chart shows, each time the economy slowed significantly, mortgage rates declined. year-on-year (YoY).