Indianapolis Real Estate - Indianapolis Homes

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Thu, Nov 29, 2007

Indianapolis Cultural Trail by Mike Taylor

Ball State has put together a website and some videos of the new Indianapolis Cultural Trail, a 7.5 mile trail system through downtown Indianapolis. The project is scheduled to be completed in 2009.

While the video could use a little work (it is like they tried to pack 10 minutes of material into a one minute video), the website is very cool.

646 Views, 0 Comments.

Thu, Nov 29, 2007

Good News for Indianapolis Real Estate by Mike Taylor

In what seems like an extremely rare occurrence, someone is reporting good news for the Indianapolis real estate market. Market researcher Global Insight is reporting that Indianapolis could have one of the healthier economies of any major urban area in the nation next year.

The crux of the report says that while other areas of the country will continue to be hobbled by the foreclosure crisis, Indianapolis has already seen the worst of it and is due for solid growth next year. The report estimates that the Indianapolis area economy will grow by 2.6% next year, outpacing the rest of the Midwest and even some of the nation’s previous hot spots such as Denver and San Diego.

Foreclosures will still continue to afflict the real...

710 Views, 2 Comments.

Mon, Nov 12, 2007

Davis Homes Going Bellyup? by Mike Taylor

If you found this blog post, you are no doubt concerned about Davis Homes going bankrupt. Read this post, then you must also read the most up to date post about Davis Homes getting homeowers strapped with mechanic's liens.

At this point it is pure rumor and speculation, however, word on the street is that Davis Homes in Indianapolis is going down. Knowing quite a few people in the industry, the consensus seems to be that Davis Homes is struggling and may be headed towards bankruptcy. I have heard a few unverified stories about people writing contracts and not having the home started for months. Supposedly, some of the vendors that deal with Davis homes are on a COD basis and won’t deliver anything until they get...

4231 Views, 9 Comments.

Sat, Nov 10, 2007

Fishers Real Estate - New Downtown by Mike Taylor

Downtown Fishers could look very different if the new preliminary plans to rebuild the area go through. Fishers Town Council recently gave the go ahead to start the process of rebuilding its downtown area. The project would cost about $100 million dollars but they are basically claiming that it will pay for itself. Weather or not that is true, I don’t know; what I do know is that Fishers downtown is long overdue for something like this. Plus, all the cool kids both locally and nationally are rebuilding their downtowns and Fishers can’t be left out.

Seriously though, the project would cover about 70 acres along 116th street and would require the developer to purchase about 125 homes and businesses to make way for the...

544 Views, 0 Comments.

Wed, Nov 07, 2007

Pike Township Real Estate Report - October 2007 by Mike Taylor

Well, as promised here are the numbers for Pike Township real estate in Indianapolis. Pike Township did better and worse than the overall Indianapolis market; with the average number of homes sold down 39% and the average selling price down 2.67%. As you can see we have had a decrease in both the number of homes sold and the average selling price for three months straight.

Number of Homes Sold Average Selling Price Days on Market SP/LP Oct. 2007 ...

604 Views, 1 Comments.

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