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Published Monday, May 19, 2014

Housing data released by MIBOR today shows an increase in new listings and overall inventory as well as continued strong prices in the central Indiana housing market. Across the region, new listings increased 1.2 percent in April, following March’s first positive number for the year. That pattern brings months of inventory up to 5.0 months. Median and ...more »

Published Monday, May 12, 2014

Last Tuesday was Election Day. Despite a historically low voter turnout, RPAC was successful in helping to elect a strong list of candidates from throughout the MIBOR area. In the end, 79 percent of RPAC supported candidates won their election. MIBOR looks forward to working with these newly elected officials in the years ahead as they address the many ...more »

Published Monday, May 5, 2014

The following case study was produced by the Professional Standards Committee of the National Association of REALTORS®. Revised Case #19-7 May, 1988. Transferred to Article 12 November, 1994. Realtor® A, the listing broker, was charged by Realtor® B with giving a false picture in his advertising by putting up a “sold” sign on ...more »

Published Tuesday, April 29, 2014

At this time, the contract details are being finalized to implement Matrix™ as the new BLC® listing service platform. The tentative plan is to bring the Matrix™ system up in parallel with Tempo and Fusion™ in November of 2014 for system testing. System presentations and training will be in December and January, with a final ...more »

Published Monday, April 21, 2014

Housing data released by MIBOR today shows an increase in new listings in the central Indiana housing market with a slight uptick in months of inventory. Across the region, new listings increased 3.8 percent in March, the first gain all year. Months of Inventory moved slightly higher as well with inventory currently standing at 4.7 months compound to 4.3 ...more »

Published Tuesday, April 15, 2014

MIBOR’s lockbox vendor, Sentrilock®, has implemented their new mobile app – SentriSmart®. Available in the App Store or through Google Play, some of the features of this free app include: • the ability to open lockboxes with your smartphone or tablet • instant showing notifications • ...more »

Published Monday, April 14, 2014

For the first time ever, local officials and voters have been given a choice to invest in connected neighborhoods and better access to jobs and healthcare. S.B 176, the central Indiana mass transit bill, successfully made its way through the General Assembly during the 2014 and was signed into law by Governor Pence. The bill outlines a formula of local ...more »

Published Monday, April 7, 2014

A MIBOR member recently asked for clarification on whether a discussion to change the BAC at closing is appropriate. Specifically, the member asked about a demand by the buyer’s agent for a different split other than what was advertised in the BAC. Here is the answer. “The listing broker retains the right to determine the amount of ...more »

Published Monday, March 31, 2014

On March 21st, President Obama signed into law a bipartisan bill that will delay flood insurance rate hikes for property owners. The Homeowner Flood Insurance Affordability Act repeals the Federal Emergency Management Agency’s (FEMA) authority to increase premium rates when a property is sold. It also refunds the excessive premium to those who bought ...more »

Published Monday, March 24, 2014

Housing data released by MIBOR today shows an increase in sales prices in the central Indiana housing market with a decrease in closed and pending sales. In central Indiana, the average sales price of homes increased by 8.7 percent to $165,595 in the three-month comparison and increased by 4.1 percent to $153,722 in the February-only comparison. Median ...more »