Southside Housing Alliance

“… There’s a reason homeownership is the foundation of the American Dream. While lately the economy has presented some challenges, it has also helped us focus on what matters most: the value of owning a home. It’s reminded us that home is where we make memories, build our future and feel comfortable and secure…”

“… Homeownership is about more than buying a home – you have to make sure you can keep the home over the long term. If you’re thinking about buying a home, these steps can help ensure you get the right house for you and the affordable financing that helps make homeownership a long-term success …”

“… First-timers again have been emerging in response to an extension of the tax credit. Most are driven by traditional first-time buyer values—fulfilling the American dream of homeownership; looking for a place to start a family; building equity instead of paying rent; and gaining independence from mom and dad. So will the wave of first-time buyers continue after the expiration of the tax credit later this spring? It’s still going to be a buyers’ market after the tax credit expires. Interest rates are still at all-time lows, and price declines have greatly improved affordability in many markets. Buyers are still in a position to benefit from purchasing a home, even without the tax credit …”

” … Indianapolis has an overall affordability score of 95.7%, median family income of $68,100 and median home prices are a very reasonable $106,000.

In the three months following the November report, the median home price has increased and the affordability score has gone up as well signaling Indianapolis as even more affordable today … “

“… You’ll come away with a wealth of new information, some answers and perhaps some questions about what we can all do to contribute to the formula for a vibrant central Indiana…”

“… According to the Mortgage Bankers Association… mortgage loan activity increased during the week ending 12/04/09… The upward trend in financing plus the extended tax credit programs could bolster our first quarter activity…”

” … this is confirmation of what we have been saying for months. No one has a crystal ball, but statistics indicate that Indianapolis’ economic recovery is steady and holding…”

“… Average sales price increased by 2% while median price rose by 4%…In total, these data sets are intended to be a snapshot of the market…”

“…Experts suggest that the combination of the reduction in inventory of homes, the exposure on the Internet touting Indianapolis as a very affordable place to live and the extension of the Federal Housing Tax Credit will hopefully spur more residential sales…”

“… rates at all time lows, … the most affordable housing in the US and you can get up to an $8,000 tax credit … You tell us, is there a better time to buy?…”

“…We also want those current homeowners who have been in their homes for five of the last eight years, to know that they too can benefit from the tax and that they can receive up to $6,500 for purchasing a home by April 30, 2009…”

Indianapolis area home sales surged 23% when compared to the same period last year.  According to new monthly data compiled by a large real estate organization in Indiana, 2199 homes sold in October 2009 versus 1781 sold during the same month last year. Home sales

“… recently enacted extension of Obama’s tax credit program provides another outstanding opportunity for home buyers…”

“…home resales rose in September to the highest level in more than two years.

“…It has been 18 years, according to the National Association of Home Builders, since housing was as “affordable” as it is now…