Pulte homes has agreed to buy Centex Homes for 1.3 Billion dollars along with Centex's 1.8 billion dollar debt. It should be interesting to see how this acquisition works out. It appears as if Pulte has actually done quite well through the decrease in home construction. They've only lost about 1.5% of their stock price while others have lost significantly more (Centex stock has lost 28% of their price this year) in their stock prices. Private companies have also been hit by the declining number of homes being built. As for the Indianapolis market, it appears as if we are still quite strong. In 2008 we had a total of 7,004 building permits pulled making us one of the healthiest housing markets according to Builder magazine and Hanley Wood Market Intelligence. According to this report it...
Here is a look at what happened on the Indianapolis real estate market for homes under 500K in March 2009: 2008 2009 % Change Active N/A 6962 Homes Sold 1000 777 -22% Average Selling Price $93,872 $91,348 -3% Days on Market 107 98 -8% Price Per Square Foot $56 $54 -4% As you can see, still a pretty sharp decrease in the number of homes sold since 2008. However, the average sales price is down only 3% over last year. This is a great improvement even since the beginning of the year when we saw 10% decreases in the average sales price. In addition, the absorption rate is a very reasonable 7.63 which indicates a pretty healthy housing market. If you are considering purchasing a home in Indianapolis, visit our website to search all homes available. We have the entire MIBOR database of hom...
While walking around yesterday, I noticed all the vehicles in and around the worksite. These are work horses of the guys and gals who are donating their time. I thought I would share them with you. Insulation and Windows. Two things you don't want to go without. The Landscapers are planting trees all through the neighborhood. Looks like top of the line heating and cooling for the McFarland family. Nobody goes hungry on this worksite. Can't make a cake without busting a few eggs! Same goes with building a dream home. You need something to take down the old one. Remember to HELP!
Spring has arrived and that means it is time to do those wonderful home improvement projects. Whether preparing to sell, or just sprucing up the place many people are ready to tackle a project or two. What about those of us, who really truly don't want to be a do it your self type of person, or who know deep down, that there is just no way that we want to tackle that project. Where do you turn to find that person who can do it for you? I can recommend a wonderful business that will take the guess work out of it all for you. Baurley Painting and Small Construction offers various services which may be of use to you. Nathan Baurley is a very detail oriented person, who takes pride in his work. His integrity and honesty is second to none, and his dedication to getting the job done rig...
By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
OPEN HOUSE SUNDAY MARCH 22, 12NOON to 4PM 6145 N Riverview DriveIndianapolis, IN 46208 www.6145riverviewdr.com $224,900 3 Bedrooms / 2.5 Bathrooms3,610 Sq. Ft.Lot Size: 108x217 Map & Directions Photo Gallery Virtual Tour Single Family Home Vintage 1950 classic with large rooms, archways and new windows . Parquet floors, 2 fireplaces, and walk-out basement attracts the most distinctive buyers. Built for comfort, this home also offers 3 BR, 2 ½ BA, many built-ins, including a china cabinet in formal DR, ceiling fans, crown molding, 2 cedar closets, and a large bar in the basement. Glass block windows accent several areas including the 4-season sun room. The office/den opens onto the large wooden deck which is accessed by the storage loaded walk-out basement. This home has a new furn...
Wow! I can't believe that Extreme Home Makeover is actually coming to Indianapolis and on top of that, the builder that is sponsoring the new home is one of my personal favorites, Estridge Homes. We don't know anything about the chosen family yet, but the door knock will take place March 27th and you can find out more about the family then. The work will be done March 27th - April 4th and both Skilled and Unskilled Volunteers are needed (I know which group I fall in to...) But either way, I'm excited and can't wait to figure out a way to help in the project. Want to join me? Please let me know . . . I'd be honored to work side by side with you! This information was originally published at: http://ishopgreenwood.com/2009/03/16/estridge-extreme-dream-makeover-in-indianapolis/
My good friend Ben Tupper, owner of Team Tupper web design, will be helping Gladiator and codeRed work on some video stuff this summer to get our blog up to the next level! He was the creative genius behind the Gladiator Real Estate Group website, and I am looking forward to working with him again. Here is the promo clip they have been working on for Team Tupper: As you can imagine, 2009 is going to be a very exciting year! Gladiator will be working hard to meet our goals of getting the video blog from a creative concept to reality over the next 6-12 months! Our mission is to provide our out of state investors with as much information as possible about the properties we sell, and become the #1 real estate investment company on the planet! Have a Profitable Day Everyone! Harrison Painter
It is official, and you are not going to believe the price! The Gladiator ZERO DOWN & CASH FLOW Program Offering >>>> $48.500!!!!! <<<< Here are the exterior pictures I promised you! For more information, call us today at: (317) 871-1000 Have a Profitable Day Everyone! Harrison Painter Gladiator Real Estate Investments specializes in investment real estate. We use intensive search techniques to locate high potential investment real estate. We then package in such a way that our clients can review it and see if it will fit in their investment property portfolio. Our claim to fame is the "ZERO to 5% DOWN PROGRAM" that we offer on our turn-key investment properties! We keep our pricing low, quality of our rehabs high, and treat every single investor as a VIP. We look forward to assisting ...
codeRed, a Stellar Job, and another Passed Inspection! Today is the day! I did my final walkthough of the property tonight and it looks amazing! Here are the interior pictures for you, but the guys were working late to meet the deadline, and it was dark outside by the time I finished the inspection. So I will have all of the exterior photos for you tomorrow. Here is the kitchen w/ ceramic tile: Family Room w/ Berber carpet: Main Bedroom Suite: Bedroom 2: Bedroom 3: Full Bath Sink: Full Bath Spa Tub: Dining Room: Half Bath: Laundry Room: Utility Sink: Dining/Family Room: This was a very smooth project and the home will make an investor a very solid return. We are looking at a market rent of $750 to $800, a beautifully rehabbed property, and a Warren Township location! This is the time th...
By Kim Carpenter, Creating friendships, one home at a time!
(Trueblood Real Estate)
Under the new Neighborhood Stabilization Program, Hoosiers may now be eligible for a $15,000 grant. The requirements are: The money must be used for repairs, downpayment or closing costs You have to stay in the home for a minimum of 3 years The purchase must be for a primary residence There are income requirements also Funds may not be available in all parts of Indiana Indiana will be receiving more than $83 million with $29 million of that allocated to Marion County. These homes are not always in bad condition or in bad areas, there are some very nice foreclosed homes and this is a great opportunity for you to do your part to revitalize a neighborhood! If you have always thought about purchasing a foreclosed home but the repairs scared you, this may be your answer. Call a Realtor, ...
By Kim Carpenter, Creating friendships, one home at a time!
(Trueblood Real Estate)
I attended a "State of the Indianapolis Market" presentation sponsored by Centex Homes yesterday! It was nice to see an optimistic approach to our market instead of the doom and gloom the media spills out on a daily basis!! The following is what I took out of the presentation: With today's rates, you can purchase a home in the $200K range for what you could buy a $150-$175K home in 2006 Lawrence Yun - Chief Economist for the National Association of Realtors feels that the new legislation will bring 300,000 additional first time buyer's to the market and for every first time buyer purchase, two homeowner's move up, creating an additional 600,000 purchasers for a total of 900,000 additional buyer's in 2009. If Indianapolis could capture just 1% of those buyer's that would be an addtion...
By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
OPEN HOUSE SUNDAY MARCH 1, 12NOON to 2PM 6145 N Riverview DriveIndianapolis, IN 46208 www.6145riverviewdr.com $224,900 3 Bedrooms / 2.5 Bathrooms3,610 Sq. Ft.Lot Size: 108x217 Map & Directions Photo Gallery Virtual Tour Single Family Home Vintage 1950 classic with large rooms, archways and new windows . Parquet floors, 2 fireplaces, and walk-out basement attracts the most distinctive buyers. Built for comfort, this home also offers 3 BR, 2 ½ BA, many built-ins, including a china cabinet in formal DR, ceiling fans, crown molding, 2 cedar closets, and a large bar in the basement. Glass block windows accent several areas including the 4-season sun room. The office/den opens onto the large wooden deck which is accessed by the storage loaded walk-out basement. This home has a new furna...
I don't have any proof of this, but I am quite certain that my jaw literally dropped when I heard the headline above come across the 11:00pm news last night. I absolutely can't believe it! Yes, I've been surprised at times to hear of some other builders going under. I know Davis Homes really caught me off guard when that happened a year or so ago. But CP Morgan? Seriously??? These were the big boys. These were the ones that were always sponsoring realtor lunches, trips to Colts games, gift cards, all that fun stuff. What happened? I'm sure this is the same question that a lot of others are thinking as well...current homeowners, realtors, contractors, suppliers, those that have already put money down towards the building of their new home. So many people have been effected. But the peopl...
By Kim Carpenter, Creating friendships, one home at a time!
(Trueblood Real Estate)
If you, like a lot of homeowner's, are wondering why your taxes are going to pay for your neighbors mortgage when they over bought, you are not alone. If you saw CNBC's Rick Santelli's on air rant on Thursday, you are not alone. Where does it leave those who did not over buy, who pay their mortgage, well Robert Gibbs says it will cost you an average of $1,000 which he says is better than those properties foreclosing and dragging your property values down with them. Want to know what the values in your neighborhood are doing? Click below and find out: Kim Carpenter "Kimsellsindy.com" - Geist/Indianapolis Real Estate Agent Keller Williams Realty Indy Metro NE Geist/Indianapolis IN Real Estate Website 317-509-4000
So, this past Sunday afternoon and I held an open house at my charming Fountain Square listing. I was pleasantly surprised with the turnout on that cold, wintry day- unhappy with the fact that it has started to flurry again; I'm definitely ready for spring! Had good traffic through the open house- approx 6 groups of potential buyers through the front door- 1 20-somethings couple relocating from Wisconsin to our beautiful city, 1 group of 4 adults, a Fountain Square neighbor and 1 family of 3, and another group or 2. It always amazes me the different types of people that appear interested in certain homes. There are the young professionals, the retirees, the first-time homebuyers, the "right-sizers", those that are fervent about a neighborhood or area, historic home aficionados, and thos...
Here is a look at what happened on the Pike Township real estate market in January 2009: 2008 2009 % Change Active N/A 655 Homes Sold 57 64 12% Average Selling Price $114,676 $117,706 3% Days on Market 90 105 17% Price Per Square Foot $63 $60 -5% OK, something must be wrong. We don’t see an increase in both the number of homes sold and the average sales price do we? It appears that we do! Let’s not get too excited, something tells me we should be cautious before we celebrate too much. Nonetheless, this is good news to see an increase in both the number of homes sold and the average sales price. We will have to see what the months ahead bring, but let’s hope it is more of the same. If you are looking for a home in Pike Township, please visit our Indianapolis real estate website to sea...
By Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate
(REALTY WORLD-Harbert Company, Inc.)
When: February 20 - March 1, 2009 Hours: Friday, Feb. 20 3 pm - 9 pm Saturdays, Feb. 21 & 28 10 am - 9 pm Sundays, Feb. 22 & Mar. 1 10 am - 5 pm Monday-Thursday, Feb. 23-26 3 pm - 9 pm Friday, Feb. 27 1 pm - 9 pm Where: The Indiana State Fairgrounds' South, west, Champions and Toyota Blue Ribbon Pavilions and the Pepsi Coliseium. $9 for adults, $7 for children (6-12). For more information call 765-641-7714 If you are thinking of moving, we can help you sell or find your new home. Give us a call today! Heather Fitzgerald, REALTOR Realty World Harbert Company, Inc. 317-885-8858
By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
OPEN HOUSE SUNDAY FEB 22, 3PM to 5PM 6145 N Riverview DriveIndianapolis, IN 46208 www.6145riverviewdr.com $224,900 3 Bedrooms / 2.5 Bathrooms3,610 Sq. Ft.Lot Size: 108x217 Map & Directions Photo Gallery Virtual Tour Single Family Home Vintage 1950 classic with large rooms, archways and new windows . Parquet floors, 2 fireplaces, and walk-out basement attracts the most distinctive buyers. Built for comfort, this home also offers 3 BR, 2 ½ BA, many built-ins, including a china cabinet in formal DR, ceiling fans, crown molding, 2 cedar closets, and a large bar in the basement. Glass block windows accent several areas including the 4-season sun room. The office/den opens onto the large wooden deck which is accessed by the storage loaded walk-out basement. This home has a new furnace, ...
Here is a look at what happened on the Lawrence Township real estate market in January 2009: 2008 2009 % Change Active N/A 896 Homes Sold 111 86 -23% Average Selling Price $132,751 $129,558 -2% Days on Market 85 107 26% Price Per Square Foot $71 $67 -6% As you can see, the Lawrence Township market is very similar to its Hamilton County neighbors; posting a pretty big decrease is the number of homes sold while only seeing a slight decrease in average price. The average days on the market did increase by 26% while the average price per square feet was down by 6%. Overall though, not too bad considering. If you are considering purchasing a home in the Lawrence Township area of Indianapolis, please visit our Indianapolis real estate website to search for homes available. You may also wan...