Real Estate Information Archive

Blog

Displaying blog entries 1-5 of 5

Interesting Real Estate Related Articles 2

by The Jana Caudill Team

As we said last time, we believe the best way to come to an informed opinion on any topic is to rely on multiple, reputable resources for the information upon which you ultimately base your views.  Here are three more timely articles for our friends and neighbors in Crown Point, Hobart, and Cedar Lake from the end of last year to help shed a little light on the Real Estate landscape for 2014:

REPORT: BIG SHIFT IN US HOUSING MARKET IN 2014

Next year will mark the end of the refinance boom and the start of a market dominated by purchase money lending, the first purchase-dominated market in 14 years, according to Freddie Mac.

By: World Property Channel Staff, November 20, 2013 | To read the article in full, please visit: big shift article

GSES UPDATE SHORT SALE POLICIES

Fannie Mae and Freddie Mac announced changes to their Servicing Guides Monday aimed at helping more borrowers avoid foreclosure through short sales and deeds-in-lieu of foreclosure (DILs).

By: Carrie Bay, DSNews, November 25, 2013 | To read the article in full, please visit: gses update article

FORECLOSED SALES AT U.S. AUCTIONS DOUBLE AS PRICES GAIN

Purchases of foreclosed homes at auctions jumped last month as banks benefited from surging prices and shunned approvals of sales by homeowners dumping their dwellings at a loss.

By Kathleen M. Howley, Bloomberg, November 26, 2013 | To read the article in full, please visit: foreclosed sales article

Interesting Real Estate Related Articles 1

by The Jana Caudill Team

We believe the best way to come to an informed opinion on any topic is to rely on multiple, reputable resources for the information upon which you ultimately will base your views.  Below we’ve listed four interesting articles from the end of 2013, all from reputable resources, to help shed a little light on the Real Estate landscape of 2014.  Whether you’ll be buying or selling a home in Crown Point, Hobart, or Cedar Creek, or not, we invite you to check out the links for the full articles.

INSIGHT: A NEW WAVE OF U.S. MORTGAGE TROUBLE THREATENS

U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country's biggest banks.

By: Peter Rudegeair, Reuters, November 26, 2013 | To read the article in full, please visit: insight article

REAL ESTATE CROWDFUNDING: WHY IT’S A BIG DEAL

Sometimes, when you cover your ears to escape all the chatter about real estate crowdfunding, you may ask yourself, “What is the big deal?”

By: Teke Wiggin, Inman News, November 25, 2013 | To read the article in full, please visit: crowdfunding article

BUILDING PERMITS IN U.S. JUMP TO FIVE-YEAR HIGH

More applications for home construction were issued in October than at any time in the past five years, a sign the U.S. residential real-estate market is gaining momentum heading into 2014.

By Victoria Stilwell, Bloomberg, November, 26, 2013 | To read the article in full, please visit: building permits article

RESIDENTIAL HOME SALES CONTINUE TO CLIMB: REALTYTRAC

Residential property sales, including single-family homes, condominiums and townhomes, continue to rise, increasing to an estimated annualized pace of 5.649 million in October, a 2% hike from a month ago and an increase of 13% from October 2012, the latest RealtyTrac Residential and Foreclosure Sales Report revealed.

By: Brena Swanson, HousingWire, November 26, 2013 | To read the article in full, please visit: residential home sales article

Welcome to Cedar Lake, Indiana!

by The Jana Caudill Team

Today's post is the first in a series of "Welcome To..." blogs highlighting Northwestern Indiana communities, and today we'd like to welcome you to CEDAR LAKE!

The 794 acre lake at the center of the community from which the town of Cedar Lake hails its name is an outdoor recreation destination for residents and visitors alike.  Over a century ago the Monon Railroad reached the western shore of the lake making the young town a tourist hot spot for Chicagoans escaping the hustle and bustle of city life.  That was in 1882.  Today, with over 6000 feet of accessible shoreline, picnic tables, gazebos, and 18 acres of open space Cedar Lake is a wonderful place to raise a family, rest and recharge, and enjoy the great Indiana outdoors.  The lake has two public marinas with access for boating, jet skiing, and fishing, and don't forget ice fishing in the winter and snowmobile races across the lake.  Upscale condos and houses are newer to the area.  In Cedar Lake it's resort living with close proximity to Chicago and Lake Michigan.

Click on our links to learn more about residential Real Estate available in Cedar Lake today!

Troubleshooting the Hot Water Heater - Part 2

by The Jana Caudill Team

(continued from last blog…) 

Last time we dealt with stinky and discolored water from your Crown Point, Munster, or Cedar Lake hot water heater.  Today we’ll cover little hot water and no hot water at all.

Little hot water:  The first question is, does your water heater have a large enough capacity for the demand in your household?  Remember as a teenager when Dad complained about not having any hot water when he took his shower after the rest of the family had already taken theirs?  Use this handy hot flow rate calculator to find out if you have an undersized unit for your family’s needs.  Also check that you don’t have hot and cold water lines crossed somewhere in the house.  If you have a crossed line from the water heater to the washing machine, for example, you’re unintentionally using hot water where you don’t need it.

No hot water:  You’ve got either a faulty gas pilot, thermocouple, or pilot control valve.  First off, is the pilot light off?  If so, follow these directions to safely light.  If you’re unable to light the pilot light it might need replacing.  The thermocouple’s job is to sense when the pilot is on and hot enough to ignite natural gas.  If the pilot’s out the thermocouple will not open, as may also be the case if the thermocouple is defective.  Again replacement the defective part.  Same goes for the pilot control valve.

If you have water appearing externally around the base of the heater it’s more than likely one of three things.  One, you have a faulty temperature and pressure control valve which you can flush clean, re-check, and replace if leaking persists.  Two, with tank corrosion you should be able to see the area where corrosion has begun to eat through the tank in which case the tank will need to be replaced.  Three, leaking connective plumbing.  Again, easy to locate.

You’ll have to decide if you’re going to do any of these repairs yourself or call in a plumber.  Just because you know how to identify the problem doesn’t necessarily mean you’re the best person to fix it.  BE SAFE.

Teaching Your Children How to be Safe at Home

by The Jana Caudill Team

You often hear about new parents “child proofing” a house.  They have safety latches for door knobs, oven doors, toilet lids, kitchen drawers and cabinets.  There are electric outlet covers, safety gates, drapery cords hung high, and knives, matches, chemicals, and medications all locked safely away.  There’s a lot parents can do to make their homes safer for their children. 

The problem is, with the term children, at least in the context of “child proofing,” we often only mean babies and toddlers.  What about when our kids are not only walking, but old enough to be talking and learning too?

Here are some tips that go beyond the measures you take to protect your children and venture into the realm of educating your children to help protect themselves.

  1. Water and electricity don't mix.  You already don’t let your kids put their glass of water or milk on top of the television in the family room.  Now’s the time to explain to them why.  Electricity and liquids do not mix.  Teach them about electric fires.  Tell them the age old story about the person using the hairdryer in the tub.  You can make your point without giving your kids nightmares.  Then do a planned tour of your home, visiting each bathroom, every television/DVD player/game system set up in the house.  Help them identify potential electric fire threats in the home.  Tell them how much you appreciate their participation in keeping your Crown Point, Cedar Lake, or Schererville home safe.
  2. Animals.  Tell the kids to never pull on tails or ears, and never to interrupt a house pet who is having his dinner.  Even the best behaved dogs can get a little annoyed with a younger family member who refuses to leave them alone during what would otherwise be a peaceful meal.  Talk to your children about avoiding strange animals, whether it’s the stray dog or cat in the neighborhood or it’s your neighbor’s pet just on the other side of the fence.  Mom and Dad should get to know potential new animal friends on the block and ensure there are proper introductions with little ones.
  3. Knives, matches, meds, chemicals.  Yes, it’s time for those talks too, and YES, KEEP THEM LOCKED UP.  Talk to your children about all potential dangers in the home – just don’t overwhelm them right out of the shoot.  If you unload everything on them all at once you risk creating a sense that the house is a giant booby trap.  Have these conversations as opportunities present themselves.  You will still keep items like medications, matches, and so on locked up until the kids are a little older.

Of course everything depends on communication and how mature your children are.  If you find yourself constantly removing that nighttime glass of water from the top of the cable TV box and your constant reminders go unheeded there should be repercussions.  And that’s okay.  You’re just trying to keep your kids safe.

Displaying blog entries 1-5 of 5

Contact Information

Photo of The Jana Caudill Team Real Estate
The Jana Caudill Team
Redkey Realty Leaders
503 East Summit St., Suite 2
Crown Point IN 46307
219-661-1256
Fax: 219-663-5949