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Indianapolis-area home sales continue to slump

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Home-sale agreements in the nine-county Indianapolis area fell 20 percent in March compared to the same month of 2010, according to a report released Thursday by F.C. Tucker Co.

Sale agreements fell to 2,108 last month from 2,629 in March 2010. The decline marked the 11th consecutive month in which year-over-year sales slumped in the area. The area experienced three straight months of improving sales activity early last year thanks to generous federal tax incentives, but have been in a tailspin ever since.

In Marion County, March sales agreements fell 23 percent compared with the previous year, from 1,224 to 943.

Pending sales also dropped 23 percent last month in Hamilton County, from 551 to 423, and dipped 13.3 percent in Hendricks County, from 218 to 189. Sales agreements plummeted 26.6 percent in Johnson County, from 229 to 168.

Year-to-date, sales agreements are down 17 percent from the first three months of 2010.

The average year-to-date sale price in the Indianapolis area through March was $138,132, down nearly 1 percent from the same time last year, the report said.

Active listings fell 6.3 percent, from 15,794 in March 2010 to 14,793 last month.

 
 

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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

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