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Thu, Jul 17, 2008
Recently, Hamilton County has been showered with recognition from the national media as a top notch place live and raise a family. CNN lists Fishers as the #10 best places to live the U.S. and Forbes recently ranked all of Hamilton County as the #1 best places in the entire country to raise a family.
If you live in Indy you already know that Hamilton County offers stellar schools, almost non existent crime, relatively easy commutes, and bargain home prices compared to the rest of the country. In addition, Hamilton County offers one of the most family friendly environments in the entire area and apparently the entire nation according to Forbes.
All of this affects real estate in a big way. It has been proven that homes that are...
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Wed, Jul 16, 2008
If you read this post, you know we are having a foreclosure bus August 2nd in the Indianapolis and surrounding areas. While I am certainly not the first one to come up with this idea, it is the first of its kind in the Indianapolis area. Turns out we were able to generate some interest from the local media. Take a look at the story from Rafael Sanchez on Channel 6 and no, he is not coming after me, he does do regular interviews as well:
What is crazy is the response we got from this story. I have not done any other advertising and within 24 hours of this story the bus is full, even after upgrading to the bigger bus. I am still waiting for a few call backs to confirm and I imagine we will have a few cancellations, so
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Tue, Jul 01, 2008
INDOT and the city of Carmel are very seriously considering making US-31 or Meridian a freeway from I-465 in Carmel to Westfield. An open house last week drew almost 200 attendees to the meeting to hear the proposal and comment on the project. As to be expected, there were opponents and proponents of the project.
The opponents point to cost and lost acreage of woods that currently buffer the highway from neighborhoods. Proponents of the project say the cost and aggravation of the construction will be worth it.
This project is far from a reality but the main idea behind it is to create a freeway with little or no traffic signals from Carmel to Westfield. Another idea that is being kicked around is installing an exit ramp...
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3 Comments.
Thu, Jun 26, 2008
Fishers real estate is and will likely remain some of the best selling real estate in the Indianapolis area. The two charts below show what the Fishers real estate market has done as far as number of homes sold and the average selling price YTD for 2008:
# of Fishers Homes Sold
2007
2008
% Change
Jan.
90
65
-28%
Feb.
...
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Fri, Jun 20, 2008
The department of Housing and Urban Development (HUD) has recently announced that they will temporarily changing their policy when it comes to the sale of foreclosed properties.
Many people, public and real estate agents alike, don’t know this but you could not purchase a home with a FHA loan if the property had changed hands in the 90 days prior to your contract date. This has created havoc for people trying to buy foreclosed homes with a FHA secured loan because sometimes the banks take possession and list the property in a matter of weeks. When this does come up, usually way too far into the transaction, it causes buyers to either scramble to find another loan program or cancel the contract and start the home search over.
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3 Comments.
Mon, Jun 16, 2008
I am proud to announce that Rebate Real Estate is offering the area’s first Indianapolis Foreclosure bus tour August 2nd, 2008 at 1PM. We will be taking the first 20 - 25 people who use our registration form to sign up for the bus on Indianapolis’ one and only foreclosure bus tour. The bus tour will include hand picked foreclosures in the Indianapolis area that represent great deals for buyers.
The tour is free and space is limited so Register Now or you will be left out! We have not even officially announced this and we already have several seats taken.
The participants will not only get to view the hand picked 10 – 15 foreclosed homes, but will also have the opportunity to hear the pros and cons of buying a foreclosed home...
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Wed, Jun 11, 2008
More good news for Indianapolis real estate, check out this link.
The article does a comparison of the top 30 real estate markets and projects that Indianapolis real estate will see 2.3% increase in the average sales price by the third quarter of 2008. Compared to Las Vegas right below us on the list that is projected to post a 23% decrease in 2008, a 2.3% increase is like winning the lottery.
Will Indianapolis bounce back from the housing slump before the rest of the country? I think so: based on the affordability and Indianapolis’ consistent and stable market I believe we will see a turnaround before the majority of other areas. It only makes sense; we did not see a giant spike in price like other areas of the...
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3 Comments.
Tue, Jun 03, 2008
While the Indianapolis real estate market is down in pretty much all categories, Carmel Indiana real estate seems to be bucking the trend reporting at least some positive statistics. The number of Carmel homes sold is down significantly over last year, but the average sales price has actually shown an increase in last years numbers over the past couple of months. Here is a look at what has happened with Carmel real estate for homes under $700,000 for both the average number of homes sold:
# of Carmel Homes Sold
2007
2008
% Change
...
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1 Comments.
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