Interest rates are on the rise today. As always on the b-town Report, rates are for a 30 year fixed rate conventional mortgage and rates are subject to change. Here's a sample of rates from local lenders as of noon today:
Energy-efficient home manufacturing could be one of the few industries to grow and thrive in the present economy, according to the U.S. Green Building Council (USGBC). Consumers are looking for dwellings that are both affordable and sustainable, while manufacturers are eager to reduce production costs as well as reliance on foreign energy.(Source: RISMedia via Realtor.org/realtormag)
Wow! Sales are up for the week with 35 sales, up from 13 last week. Here's the breakdown of the sales:
The three condos sales consisted of: An attached home at Cameron Row in Renwick which sold for $313,691 (interesting figure); a 3 bedroom/3 bath condo/townhouse at Oaklawn Park and Canada Park for $130,000; and a 2 bedroom/2 1/2 bath attached home at Creek's Edge which sold for $127,500.
On to the single family homes: The deal of the week went to a bi-level located in Ellettsville which sold for $50,500! With 1920 square feet, this home has 3 bedrooms and 1 1/2 baths. The high selling home of the week was 3500 square foot home in Bellvista which had a list price of $485,000 and sold for $450,000.
Here's the breakdown on selling prices for the week:
As for new listings, 69 new properties came on the market. Here are the numbers:
The single family homes are relatively evenly divided between price ranges of : $100K to $150K; $150K to $200K; $200K to $300K.
Those are the numbers!
Interest rates are up slightly today. An article in the New York Times said that refinancing levels were down nationwide do to the increased rates. But at the same time, at the end of last week some banks were posting rates below 5%. As always on the b-town report rates are for 30 year fixed rate conventional mortgages and rates are subject to change.
