Fed Cuts Interest Rates - Now is the Time to Buy Real Estate!

Supported by the Federal Reserve’s recent decision to cut its overnight federal funds rate to a range of zero to 0.25 percent, the 30-year fixed rate mortgage hit a 37-year low last week reaching 5.17 percent.

Trade-up or scale-down buyers are free to move into an exciting new home or condo, making more starter homes available for first-time buyers.

The advantage goes to the buyer when there are more homes for sale. In a market where the inventory of homes is growing, the competition between buyers increases and gives buyers more options. More competition is not a problem if the local market is moving at a lively pace.

Affordable loans and a wide variety of financing options make it an excellent time to buy or sell real estate.

Contact us to find out if now if the right time for you to buy a new home.

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Get this week's local Market Stats - Market Snapshot

Carroll County Real Estate - Price Reduced on County Home in Flora!

Erin Romanski and The Romanski Group | Keller Williams Realty | 765-532-6148 5890 E. State Road 18, Flora, IN Situated on over an acre with a large barn 3BR/1BA Single Family House offered at $75,000 Year Built 1932 Sq Footage 1,610 Bedrooms 3 Bathrooms 1 full, 0 partial Floors 2 Parking Unspecified Lot Size 1.16 acres HOA/Maint $0 per month DESCRIPTION Charming country home with many recent updates! Situated on over an acre with 2 large barn and plenty of room to run! Enjoy cooking in the updated light and bright kitchen with newer cabinets and counters. Features include a formal dining room, first floor master bedroom, nice den off the living room and an enclosed porch - great for reading. Additional updates include eletrical panel, roof, plumbing, C/A, light fixtures, doors, outlets and switches. New well w/ pumping system and new sump pump - 2005. Great location between Lafayette and Kokomo and just a few miles from Carroll Schools! Seller related to listing agent. Inspections welcome, property sold "as-is". Contact The Romanski Group today for a showing! see additional photos below PROPERTY FEATURES Central A/C Central heat Living room Office/Den Dining room Dishwasher Stainless steel appliances Attic Basement Laundry area - inside Yard ADDITIONAL PHOTOS Seller contact info: Erin Romanski and The Romanski Group Keller Williams Realty 765-532-6148 For sale by agent/broker Equal Opportunity Housing Posted: Dec 16, 2008, 7:10pm PST

Lafayette Indiana Real Estate - Adorable home for sale on S. 24th Street

Erin Romanski and The Romanski Group | Keller Williams Realty | 765-532-6148 1324 S. 24th, Lafayette, IN Adorable & charming 3 bedroom bungalow. 3BR/1BA Single Family House offered at $82,500 Year Built 1930 Sq Footage 956 Bedrooms 3 Bathrooms 1 full, 0 partial Floors 2 Parking 1 Car garage Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Adorable and charming bungalow home in a great central location in Lafayette! This home offers a spacious living room with beautiful refinished hardwood floors, a fully equipped kitchen, three bedrooms, and an updated bathroom. There is a full basement with an office and lots of storage space. Relax on the patio in the well manicured privacy fenced backyard offering a large storage barn. Additional features of this home include a 1-car detached garage with electric and cable, and a covered front porch. Numerous updated inside and out! Call The Romanski Group today for a tour (765) 532-6148! see additional photos below PROPERTY FEATURES Central A/C Central heat Hardwood floor Living room Office/Den Dishwasher Refrigerator Stove/Oven Microwave Attic Basement Washer Dryer Laundry area - inside Balcony, Deck, or Patio Yard OTHER SPECIAL FEATURES Workshop Storage shed Fenced yard Basketball goal Water softener ADDITIONAL PHOTOS Seller contact info: Erin Romanski and The Romanski Group Keller Williams Realty 765-532-6148 For sale by agent/broker Equal Opportunity Housing Posted: Dec 16, 2008, 6:54pm PST

Housing stats imply its time to buy

Housing stats imply its time to buy

According to a recent report from Global Insight, an economic and financial analysis forecasting firm, current housing statistics indicate that now is the right to time to buy.

They claim that the U.S. housing market as a whole is undervalued by 3.8 percent. Global Insight analyzed 330 metropolitan areas in the United States and found that 241 metro areas experienced price declines in the third quarter of 2008 in comparison to 150 metro areas in the second quarter.

The markets that were hardest hit were in areas that were most overvalued three years ago. This study, a combined effort by HIS Global Insight and National City Corporation represented 78 percent of all existing housing units in the United States.

Low intrest rates and increased affordability make today's market a buyer's dream!



Source: Global Insight (12/03/2008)

Call The Romanski Group today at (765) 532-6148 - begin your home search with the Ultimate Home Search website - www.RomanskiGroup.com

West Lafayette Real Estate - Just Listed in Bar Barry Heights!

Erin Romanski and The Romanski Group | Keller Williams Realty | 765-532-6148 813 Essex Street, West Lafayette, IN Great 2-story home in Bar Barry Heights in West Lafayette City Schools! 4BR/2.5BA Single Family House offered at $165,000 Year Built 1965 Sq Footage 2,025 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size .25 acres HOA/Maint $0 per month DESCRIPTION This great 2-story home is located in Bar Barry Heights in West Lafayette. This home offers four bedrooms, two and a half bathrooms with over 2,000 square feet plus a full partially finished basement with a rec room and a utility area. Features of this home include a huge living room with hardwood floors and a bay window, formal dining room with hardwood floors, freshly painted light and bright kitchen with ceramic tile and a breakfast nook plus a family room with a fireplace and newer carpeting. Additional features include all appliances, a large deck, fenced backyard, 2-car attached garage w/ keyless entry plus much more! Some new carpeting and paint! Located just 1 block from the neighborhood park and just 4 blocks from Cumberland Elementary School! A must see. Call The Romanski Group today to schedule your tour of this home - (765) 532-6148! see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace Hardwood floor Tile floor Family room Living room Bonus/Rec room Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Stainless steel appliances Basement Washer Dryer Laundry area - inside Balcony, Deck, or Patio Yard ADDITIONAL PHOTOS Seller contact info: Erin Romanski and The Romanski Group Keller Williams Realty 765-532-6148 For sale by agent/broker Equal Opportunity Housing Posted: Dec 3, 2008, 2:49pm PST