Gm. This is Austin Coon. I'm your Realty standing desk. Keeping you aligned, balanced, focused and something to tell your friends about.

Here’s what I've got for you today:

👉🏼 Fear and Greed Index

👉🏼 Median Homeowner Earned $25,000 in equity last year

👉🏼 Most Expensive Home Sold This Week

👉🏼 Daily Deal Alert

👉🏼 Billon Dollar Stadium in Development

‍

Isn't that infographic cool?

The real estate market in Indiana has remained robust, with strong demand and low inventory leading to rising home prices. In February 2023, the median home price in Indiana was $270,700 up 11.5% from the previous year. There are some signs that the market may be starting to cool off, but with the spring season only 4 weeks away we are already prepping listings for the spring. Many homeowners are looking to take advantage of a hotter market and average interest rates.

‍

WHICH WOULD BE WORSE?

Current interest rates are sitting closer to 6% with buyers that have great credit. Although 6% feels high, it is better than higher interest rates that cool off the market or lower interest rates with wild bidding wars. The question many buyers are asking is, "If they sell their current house will the equity they gain, make it worth buying their next home with a higher interest rate?"

The short answer is, if you can afford the increased home price's monthly payment, go for it.  This is why...

Last Year, the median homeowner in Indiana profited $25,000 in equity without lifting a finger.

Let me walk you through a homeowner that I helped sell and buy their home this year. They bought their home for $310,000 during the pandemic. With historic appreciation of 5%, they planned to gain $15,000 per year. However, their home appreciated to $415,000 in 2 years with a topline profit of $105,000. They rolled that into their next home purchase worth $550,000.

Short story, they doubled their appreciation potential per year to $27,500+ per year with historic Indiana averages of 5% per year.

If you are currently renting to save money for a home purchase, your interest rate is 100%. If you buy in a good neighborhood and plan to live there for 2 or more years, I'd argue its the best decision you can make.

‍

MOST EXPENSIVE HOME SOLD THIS WEEK $2,500,000

‍

NEW INVESTMENT PROPERTY OPPORTUNITY $319,000

BILLION DOLLAR SOCCER STADIUM IN NEW DEVELOPMENT

American second division soccer team Indy Eleven releases pictures of one BILLION dollar stadium development project... with the ground set to hold 20,000 fans.

Do you have a friend who keeps talking about buying a house but hasn't pulled the trigger? Send them my dream home quiz right now and I'll get the ball rolling!

‍