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Area home-sale contracts up again in August

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Home-sale agreements in the Indianapolis area rose 5.4 percent in August, the F.C. Tucker Co. said Thursday.

Purchase agreements for existing homes in the nine-county area totaled 2,151 during the month, helping sales contracts through the first eight months of the year to a 14.3-percent increase when compared with the same time last year.

In Marion County, August sales agreements increased 4.5 percent, from 885 a year ago to 925 this year. Year-to-date sales in the county are up 13.4 percent.

One of the biggest jumps occurred in Hamilton County, where sales contracts last month jumped 9.9 percent, to 443.

Johnson County posted the largest decrease in the area, a 19.1-percent decline, to 148, in August.

Available homes for sale in the nine-county region dropped 14.4 percent last month, with 13,212 homes on the market, 2,109 fewer than in August 2011.

Overall year-to-date sale prices for the nine-county area increased by 2.4 percent, to $156,105.

Existing home sales in central Indiana have shown year-over-year improvement for 16 straight months.
 

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  1. I took Bruce's comments to highlight a glaring issue when it comes to a state's image, and therefore its overall branding. An example is Michigan vs. Indiana. Michigan has done an excellent job of following through on its branding strategy around "Pure Michigan", even down to the detail of the rest stops. Since a state's branding is often targeted to visitors, it makes sense that rest stops, being that point of first impression, should be significant. It is clear that Indiana doesn't care as much about the impression it gives visitors even though our branding as the Crossroads of America does place importance on travel. Bruce's point is quite logical and accurate.

  2. I appreciated the article. I guess I have become so accustomed to making my "pit stops" at places where I can ALSO get gasoline and something hot to eat, that I hardly even notice public rest stops anymore. That said, I do concur with the rationale that our rest stops (if we are to have them at all) can and should be both fiscally-responsible AND designed to make a positive impression about our state.

  3. I don't know about the rest of you but I only stop at these places for one reason, and it's not to picnic. I move trucks for dealers and have been to rest areas in most all 48 lower states. Some of ours need upgrading no doubt. Many states rest areas are much worse than ours. In the rest area on I-70 just past Richmond truckers have to hike about a quarter of a mile. When I stop I;m generally in a bit of a hurry. Convenience,not beauty, is a primary concern.

  4. Community Hospital is the only system to not have layoffs? That is not true. Because I was one of the people who was laid off from East. And all of the LPN's have been laid off. Just because their layoffs were not announced or done all together does not mean people did not lose their jobs. They cherry-picked people from departments one by one. But you add them all up and it's several hundred. And East has had a dramatic drop I in patient beds from 800 to around 125. I know because I worked there for 30 years.

  5. I have obtained my 6 gallon badge for my donation of A Positive blood. I'm sorry to hear that my donation was nothing but a profit center for the Indiana Blood Center.

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