Monthly archive for June 2016

Indianapolis Named Best City for First Time Home Buyers

Indianapolis skyline

First time home buyers looking for a great selection of homes at reasonable prices may have a tougher time in today’s market, thanks to tight inventory across the nation. However, as economic conditions improve, more and more US cities are beginning to see their fair share of homes hitting the market. One city in particular earned the distinction of “best market for first time home buyers” – Indianapolis, IN. According to a recent analysis by Zillow, the Crossroads of America had lower median home values, higher affordability, better selection of inventory and less competition from cash buyers than any other city evaluated.

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Top 10 Cities for Millennial Home Buyers

Austin TX sign on building

The housing and mortgage industry pros and market analysts love to talk about millennials. After all, this is the largest generation to date, and right now, the members of this generation are in their prime home buying years. But where are millennials most likely to love being a homeowner? That’s the question a recent study from the National Association of Realtors® set out to answer. 

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Pending Home Sales Reach 10-Year High

The number of homes under contract reached the highest level in a decade, according to data from the National Association of Realtors® most recent Pending Home Sales Index. Thanks to a stronger economy and lower mortgage rates, the Pending Home Sales Index (PHSI) revealed that pending home sales (which are home purchases that are under contract but have not closed yet) were up 4.6 percent in April when compared with the same month a year ago. Pending home sales also increased 5.1 percent from March 2016 to April 2016. For clarification, the PHSI only looked at existing homes and not

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