Tomlin Realtors http://www.tomlinrealtors.com What You Need to Know Tue, 06 Sep 2011 18:34:42 +0000 http://backend.userland.com/rss092 en Current Housing Market News Click here to learn the latest about the Indianapolis housing market.
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]]> http://www.tomlinrealtors.com/housing-market-news/ Indiana Is Home – Affordable Housing Thrives! On October 22, IAR released the sixth Indiana Real Estate Markets Report. The Report, found online at http://www.indianaishome.com/4_0_Reports.asp, is the first-ever county-by-county comparison of existing single-family home sales in the state. Download the report and find out how your county fared. While there, be sure to catch the video, Affordable Housing Thrives!

It is based on a new element of the Report, an affordability index, which compares the median income to…

]]> http://www.tomlinrealtors.com/indiana-is-home/ Focus on Government Affairs – Short Sale Complaint Process Per legislation from 2008, it is now Indiana state law that a lender must acknowledge a short sale offer within 10 days of receipt and accept or reject the offer within 30 days of receipt.

 

Since then, the complaint process has been very simple: file a complaint online with the Indiana Department of Financial Institutions (DFI). The DFI can then watch for patterns with certain lenders and use regulatory authority to investigate.…

]]> http://www.tomlinrealtors.com/focus-on-government-affairs-short-sale-complaint-process/ Indy Region Tops Affordability List Again The just released Housing Opportunity Index (HOI) reveals that Indianapolis was the most affordable major housing market in the country in the 3rd quarter of 2009. This is the 17th consecutive quarter Indy has received the top ranking. Nearly 95 percent of homes were affordable to households earning the median income. The Housing Opportunity Index is a measure developed by the National Association of Home Builders and Wells Fargo.

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