MY CURRENT LISTINGS

More Listings

1/23 23

Pending

$ 140,000

2 Beds1 Bath1,648 SqFt

3036 N Keystone AVE, Indianapolis, IN 46218

Single Family Home

Listed by Randy Worrell of Real Broker, LLC
1/39 39

Pending

$ 475,000

4 Beds3 Baths3,302 SqFt

7807 Lafayette RD, Indianapolis, IN 46278

Single Family Home

Listed by Randy Worrell of Real Broker, LLC

MY BLOGS

Is Wall Street Really Buying All the Homes?

Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big investors.So, before you get discouraged, let’s take a look at what’s really going on. You might be surprised to learn that Wall Street isn’t the competition you may think it is.Most Investors Are Small Mom-and-PopsMost investors aren’t the mega corporations you’ve probably heard about. In fact, many are your neighbors. A recent report from CoreLogic shows most investors are small, mom-and-pop types who own fewer than 10 properties. They aren’t massive companies with endless resources. Picture your neighbor who has another home they’re renting out or a vacation getaway.Only about 1% of the market is owned by large, mega investors with thousands of properties. The majority are still owned by individuals and smaller investors – not the Wall Street giants.Investor Purchases Are DecliningNot only are most investors small, but overall investor purchases have been on the decline. As the same report from CoreLogic says: “Investors made 80,000 purchases in June 2024, compared with 112,000 in June 2023, and a nearly 50% percent drop from the high of 149,000 purchases in June 2021 . . .”And what does this mean going forward? CoreLogic goes on to point out this downward trend is expected to continue into 2025.So, if it seems like competition with investors is pushing you out of the market, it might help to know that investor activity is actually slowing down.Bottom LineThe idea that Wall Street is buying up all the homes is largely a myth. Most investors are small ones, and the share of homes purchased by investors is declining – so you can take this one off your worry list.If you have questions about the housing market, talk to a local real estate agent. They can explain what’s really happening.
Don’t Let These Two Concerns Hold You Back from Selling Your House

If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won't find a house you like.To put your mind at ease, here’s how to tackle these two concerns head-on.Is It Even a Good Idea To Move Right Now?If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of your equity.Equity is the current market value of your home minus what you still owe on your loan. And thanks to the rapid appreciation we saw over the past few years, your equity has gotten a big boost. Just how much are we talking about? See for yourself. As Dr. Selma Hepp, Chief Economist at CoreLogic, explains:“Persistent home price growth has continued to fuel home equity gains for existing homeowners who now average about $315,000 in equity and almost $129,000 more than at the onset of the pandemic.”Here’s why this can be such a game-changer when you sell. You can use that equity to put down a larger amount on your next home, which means financing less at today’s mortgage rate. And in some cases, you may even be able to buy your next home in cash, avoiding mortgage rates altogether.The bottom line? Your equity could be the key to making your next move possible.Will I Be Able To Find a Home I Like?If this is on your mind, it’s probably because you remember just how low the supply of homes for sale got over the past few years. It felt nearly impossible to find a home to buy because there were so few available.But finding a home in today’s market isn’t as challenging. That’s because the number of homes for sale is growing, giving you more options to choose from. Data from Realtor.com shows just how much inventory has increased – it's up almost 30% year-over-year (see graph below):And even though inventory is still below pre-pandemic levels, this is the highest it’s been in quite a while. That means you have more options for your move, but your house should still stand out to buyers at the same time. That’s a sweet spot for you.It’s important to note, though, that this balance varies by local market. Some places may have more homes for sale than others, so working with a local real estate agent is the best way to see what inventory trends look like in your area. Bottom LineIf you’re thinking about selling, hopefully these concerns haven’t kept you up at night. With this information, you should realize you don’t have to let the what-if’s delay your move anymore.Connect with a local agent so you have the data and the local perspective you need to move forward.
The Big Difference Between Renter and Homeowner Net Worth

Some HighlightsIf you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s. Connect with an agent if you want to learn more about the financial benefits of homeownership or the programs that can help make buying possible.

FEATURED LISTINGS

MORE LISTINGS

1/61 61

Open Sun 12PM-2PM

$ 374,500

4 Beds3 Baths2,036 SqFt

9620 Claymore DR, Fishers, IN 46038

Single Family Home

Listed by Todd Rafalski of Real Broker, LLC
1/56 56

Open Mon 4PM-6PM

$ 799,000

5 Beds3 Baths4,480 SqFt

2019 Cornell AVE, Indianapolis, IN 46202

Single Family Home

Listed by Joshua Keen of Real Broker, LLC
1/49 49

Pending

$ 325,000

4 Beds3 Baths1,780 SqFt

6751 Wimbledon DR, Zionsville, IN 46077

Single Family Home

Listed by Suzi Leidenfrost of Real Broker, LLC
1/27 27

New

$ 330,000

3 Beds2 Baths1,316 SqFt

8480 Anvil CT, Fishers, IN 46038

Single Family Home

Listed by Dejan Minoski of Real Broker, LLC
1/33 33

New

$ 400,000

4 Beds3 Baths2,328 SqFt

871 Knottingly WAY, Westfield, IN 46074

Single Family Home

Listed by Beau Benjamin of Real Broker, LLC
1/33 33

Active

$ 319,900

3 Beds3 Baths1,747 SqFt

8091 Farmhurst LN, Indianapolis, IN 46236

Condo

Listed by Jennifer Funkhouser of Real Broker, LLC

Over 42 Years of Experience - Top Agent!

Randy Worrell

Broker

With over 42 years of experience I totally understand that buying or selling a home is more than just a transaction: it's a life-changing experience. That's why I am dedicated to providing exceptional, personalized service for all of our clients. To be an Active Agent for so long I take great pride in the relationships I have built over the years and always work relentlessly on the client's behalf to help them achieve their real estate goals.

In this market, you need a lot of Experience on your side. With Experience you may have 5 options when other agents may have only 2 options for you. Today's buyers and sellers need a trusted adviser on their side to help guide them through the complex world of real estate AND this market is very complex.

MY MISSION STATEMENT: My philosophy is simple: clients come first. I answer my phone! I pledge to be in constant communication with you - My Client. You will be kept fully informed throughout the entire buying or selling process. I believe that if you're not left with an amazing experience, I haven't done our job. Also, my job doesn’t stop at the end of the transaction. I want all my clients to call me for ANY real estate needs or market updates.

Tel: +1(317) 590-5709

Email: randy@randyworrell.com

Address: 10150 Lantern Rd, Ste 275, Fishers, IN, 46037, United States

Site: https://www.randyworrell.com

REVIEWS

A HUGE thank you to Randy Worrell for getting our old house sold! We put it on the market and got an offer the next day. We know that his experience, thoroughness and professionalism helped get our house ready for the perfect buyer. He made the process easy and was always available if we needed him. We cannot say enough good things about Randy. If you need a realtor, we HIGHLY recommend Randy Worrell.

Randy Worrell

MY CURRENT LISTINGS

3036 N Keystone AVE, Indianapolis, IN 46218

7807 Lafayette RD, Indianapolis, IN 46278

MY BLOGS

Is Wall Street Really Buying All the Homes?

Don’t Let These Two Concerns Hold You Back from Selling Your House

The Big Difference Between Renter and Homeowner Net Worth

Get Your Home Valuation Report For Free!

Find your home's value in today's market!

FEATURED LISTINGS

9620 Claymore DR, Fishers, IN 46038

2019 Cornell AVE, Indianapolis, IN 46202

6751 Wimbledon DR, Zionsville, IN 46077

8480 Anvil CT, Fishers, IN 46038

871 Knottingly WAY, Westfield, IN 46074

8091 Farmhurst LN, Indianapolis, IN 46236

Over 42 Years of Experience - Top Agent!

REVIEWS

We are here 24/7 to assist you with your home buying and selling needs from start to finish.