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Area homes sell at faster clip

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Home-sale agreements in the nine-county Indianapolis area rebounded in April to post a double-digit gain after rising just 1.2 percent the previous month.

Purchase agreements for existing homes increased 13.2 percent in April, totaling 2,788 and up from the 2,463 posted in the same month a year earlier, Indianapolis-based real estate agency F.C. Tucker Co. Inc. said Monday.

Home-sale agreements are up in each of the first four months of this year, with January showing the biggest surge—17.2 percent.

Each of the nine counties in the Indianapolis metro area posted increases in April. Among them, pended home sales in Marion Country totaled 1,222 last month, up 12.4 percent from April 2012.

In Hamilton County, purchase agreements climbed 20.2 percent, to 588. Another big increase occurred in Johnson County, where pended sales jumped 31.6 percent, to 233.  

Average prices in the quarter rose 5.6 percent, to $152,209, in central Indiana, compared with the same period last year.

In Hamilton County, the average price rose 3 percent, to $237,110. In Marion County, the average increased 10.9 percent, to $118,794.

In April, seven pending sales in the nine-county area were between $1 million and $2 million; 66 fell in the range of $500,000 to $1 million; and 214 pended at $300,000.
 

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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