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Wed, Feb 13, 2008
A word to the wise…avoid buying Carmel real estate located directly on 146th street. The mayor of Carmel is looking expand 146th street from Spring Mill to the Boone County line to a four lane road. The goal is to create a major east-west road that eventually goes from I-69 all the way to Boone County. While overall it is great news to create more accessibility to Fishers and Zionsville from Carmel, homes located on 146th could suffer. I am not saying avoid all neighborhoods along 146th; just don’t buy a home located directly behind it. This proposal may not go through yet, but sooner or later 146th will be expanded as it is already a major corridor on the north side. So if I were looking to buy Carmel homes and I found one I...
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211 Views,
1 Comments.
Wed, Feb 13, 2008
While I may think highly of myself, I don’t claim to be the greatest real estate agent in the world…close to it, but probably not the best in the world :) What this is all about is a contest thought up by Eric Bramlett out of Austin Texas. A group of net savvy real estate agents are going to compete for the top spot in Google for the keywords greatest real estate agent in the world.
The contest begins now and ends on May 1st when the winner will simply be the person who ranks the highest for this search term over multiple data centers. The prize is bragging rights and Morgan Carey of Real Estate Webmasters has also sweetened the pot with a very generous prize.
Why greatest real estate agent in the world?
Because it is a...
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1575 Views,
9 Comments.
Tue, Feb 12, 2008
A special council for the Carmel Redevelopment Commission decided that it can use its liquor license to sell wine, beer, and liquor at the Brookshire Golf Club. The Redevelopment Commission received the license after buying the golf course for $2.6 million in December of 2006. Weather or not this was a good move or a bad move on the city’s part is debatable, but at least they are moving in the right direction.
This should hopefully spark some new interest in the golf course which has fallen into disrepair. While the city tries to figure out what to do and how much to spend, this is a good move. Golf courses that don’t serve alcohol loose their allure for casual golfers. Who goes golfing and doesn’t enjoy a nice cold beer on a...
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156 Views,
1 Comments.
Fri, Feb 01, 2008
If are looking for information on Davis Homes, your really need to read this blog post about mechanic's liens.
I just went to Davis homes website and they now require you to log in to just see the home page. Who made that decision? This is either just a really bad decision or an act of desperation to capture more email addresses. People who are searching the internet are reluctant to give their personal information unless you show them some value first. Requiring a log-in just to view the home page is a terrible blunder IMHO. I think I will beef up my own Davis Homes Indianapolis page next week so I can capture some of their frustrated buyers who don’t want to log-in just to see a home page. That way when people see my...
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633 Views,
8 Comments.
Thu, Jan 24, 2008
New home permits were down 23% in 2007 in the greater Indianapolis area!!! Believe it or not this GREAT news for the general Indianapolis real estate market. It means Indianapolis new home builders have started coming to their senses and building homes at much more reasonable and sustainable level. It is my belief that new home builders are major reason we are where are today in the housing market.
Overbuilding, keeping too many spec homes, then slashing prices to get from under them has only served to help usher in the housing slump we are seeing. This downturn in permits represents hope for us and will with any luck they will emerge as much more sane and healthy new home industry.
Below is a table from the Builder...
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0 Comments.
Thu, Jan 24, 2008
In short...there not.
I am sure most of you have heard about the Fed recently cutting interest rates drastically. What many don’t understand is that the Fed rate does not have a direct correlation to mortgage rates. It is quite complicated actually, but the mortgage rates are more affected by bonds and speculation about inflation more than anything else. Here is a good article that over simplifies it a bit but explains it in a pretty clear manner.
Despite the lack of cause and effect from the Fed’s rate cut, mortgage rates are still very very low right now. Couple this with high inventory and now represents a great time to buy some Indianapolis real estate. While the much of the rest of the country will still be dealing...
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0 Comments.
Tue, Jan 22, 2008
Here is a quick breakdown of the major cities around Indianapolis fared for the month of December versus the same time last year:
# of Homes Sold
Average Sales Price
2006
2007
% Change
2006
2007
% Change
Avon Real Estate
...
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0 Comments.
Thu, Jan 17, 2008
Apparently the northwest side of Indianapolis is the place to be for new and expanding businesses. On the heels of the Medco decision to move to Anson, Fusion Alliance, a technology consulting company revealed plans to expand its headquarters and add more than 110 new jobs by 2010. Salary information was not released but an experienced software tester can make up to $100,000 per year, with an entry level position earning around $35,000. That is roughly another $4,000,000 - $11,000,000 pumped into the economy every year for the northwest side.
Maybe Fusion Alliance will need help with all of those people relocating and buying Indianapolis real estate? I wish I knew someone who gives great personal attention, has immense local...
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288 Views,
0 Comments.
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