The December Issue is Now Available >> DOWNLOAD
Our monthly report provides a raw statistical overview of Central Indiana with a more in-depth review of residential sales in Washington Township. Individual neighborhood statistics are given as well as the previous month’s highest sales and the area’s most expensive current listings.
December 8, 2022 By Nadia Evangelou
Mortgage rates continue to move down. According to Freddie Mac, the rate on a 30-year fixed mortgage dropped to 6.33% from 6.59% the previous week. Housing affordability rose about 8% in the last 4 weeks as mortgage rates moved closer to 6%. If inflation continues to slow down, mortgage rates may stabilize near 6% in 2023.
With a 6% mortgage rate, housing will become more affordable for many buyers. While the typical family cannot currently afford to buy a median-priced home as the qualifying income exceeds earned income, housing will become affordable again for Americans if rates hover near 6%. In this scenario, the typical family will earn about $1,000 more than the income needed to purchase a mid-priced home.
With more buyers back in the market, the housing market may turn around at the beginning of the new year.
Nadia Evangelou is Senior Economist and Director of Forecasting for the National Association of REALTORS®.
Things are about to get merry and bright at Heartland Film’s Merry Movie Nights! Come out for our new mini-movie series showcasing eight of your favorite holiday classic films at the Historic Athenaeum (December 1 & 2) and in partnership with Arts for Lawrence's Theater at the Fort (December 15, 16, 17 & 18). Heartland Film Members receive 20% off.
Each film ticket includes free hot chocolate!
In the heart of Mass Avenue’s Arts District, you’re invited to eat, drink, and be merry this holiday season.
At our inaugural Athenaeum Christkindlmarkt, you’ll find the traditional festival elements (music, warm raclettes, gluhwein and plenty of platzchen to go around) are just the foundation for special storytelling traditions unique to our rich, German culture. This is your chance to gather with friends and family, and celebrate the magic and wonder of the holiday season in our historic Biergarten.
Come wander and wonder with Dance Kaleidoscope as we celebrate different cultures around the world.
This world premiere takes you on a world wide journey to the Seven Wonders of the Modern World. These Wonders include Chichen Itza (Mexico), Machu Picchu (Peru), Taj Mahal (India), Great Wall of China (China), Christ the Redeemer (Brazil), Petra (Jordan), and the Colosseum (Italy). This concert features treasures from Dance Kaleidoscope repertory such as “Writing on the Great Wall ” and “El Salon Mexico,” along with new choreography by David Hochoy, Stuart Lewis and guest choreographer Norbert De La Cruz III. Norbert is a Juilliard graduate who was born in the Philippines, raised in Los Angeles and is known for creative versatility.
New costumes by Erica Johnston and Barry Doss.
Some descriptions above are courtesy of NUVO and/or the event presenters.
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