OPEN HEIR

This is a strong beginning to the new year!

Market Update: Mortgage rates fall to a three-and-a-half year low
The average thirty-year mortgage rate nearly broke 6% last week according to the Freddie Mac Primary Mortgage Market Survey, the lowest weekly rate reported since September 2022.

For an Indiana buyer putting a 10% down payment on a $260,000 property, this means roughly $120 a month in savings compared to the mortgage payment on the same home purchased last February, when rates were about 85 basis points higher – a significant improvement in affordability.

Progress on rates, wage growth and slowing price appreciation will also likely bring the median house payment down to roughly 32% of household income, barely above the traditional 30% affordability threshold for a typical family. (Nationally, this measure has been above 40% since early 2023.)

We’re not just your average brokerage, we’re a total package!

Come set up a consultation and begin “or” continue your journey with us; OPEN HEIR. Our brokers are trained to confidently guide you through every step of your purchase. Things are constantly changing and evolving in this industry, and as a managing broker, my duty is to keep my agents updated with “Top Tier” information.

Find out about our Investment models and how to gain 6-10% with single REIT’s to multi member REIT’s or some of our Syndication Models which gives you options to go in 6mths w/10%, stay and receive a dividend, etc.

Realtors:
How long do you leave a property at a list price, before discussing a price reduction with your client(s)?

Listen to the market. List it right. Property sells itself.

Investment opportunities await your discovery on their website. Take the first step towards securing your future development by visiting Paradigm Contracting Group today at paradigmcontractinggroupcom

Unlock your real estate potential by exploring our website today. Discover innovative solutions and opportunities that can elevate your ownership experience.

http://paradigmcontractinggroup.com

Exclusive offers and updates await on our website. Visit paradigmcontractinggroup.com to stay informed and take advantage of special deals.

How many agents use
“RealReports?”
Those that do, have you upgraded?

Time is of an Essence and Professionalism is a must!!

ALL FISHERS AND CARMEL LONG-TERM RENTALS MUST REGISTER BY DECEMBER 31, 2025

Due to a new rental registry and permitting program in Fishers and Carmel, all single-family rental properties (including condos and townhomes) must register with the city and receive a permit in order to rent the property. Current rentals must register by December 31, 2025, in order to receive ‘Legacy Status’ or be subject to a new rental cap of 10% per subdivision. Anyone that fails to register by December 31 will not be eligible for legacy status and will not be able to receive a permit if the subdivision hits the 10% cap. Enforcement will start January 1, 2026. Rentals that fail to properly register will be subject to fines.

Legacy status ensures that a rental property will receive a permit regardless of the percentage of rentals in a neighborhood, as long as they are registered by December 31, 2025. Permits for legacy rentals are valid until ownership changeover of the property occurs, or until a violation warranting permit revocation occurs.

Some homeowner associations have also adopted rental limits or restrictions, so it is important to also pay attention to these requirements. It is possible that some HOAs restrictions will be stricter than city requirements.

There are no fees for registering in Fishers. In Carmel, an annual permit will cost $5/property.

For more information on registering in Fishers, visit the Fishers registry page, email [email protected] or call 317-595-3111.