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Tue, Oct 21, 2008

Westfield Finally Begins Work on Monon by Mike Taylor

Westfield has finally started on its portion of the Monon Trail which currently runs from 10th Street to 96th Street in Marion County and then continues into Carmel for another five miles where it currently ends at 146th Street.

Westfield began construction of the first leg of the trail last week. The first leg will run from 146th Street to 156th Street and is scheduled to be completed by the end of November. The section from 156th to 161st Street has actually already been paved by Precedent Cos, the developer of the upscale Viking Meadows subdivision in Westfield. The second leg would continue the trail two miles from 161st Street to IN 32 and is scheduled to completed next spring. The five year plan is to have the trail...

429 Views, 0 Comments.

Tue, Oct 14, 2008

Temporary Tax Rates Affect On Real Estate Transact... by Mike Taylor

The Indy Star recently published an article about how some local taxing authorities have temporarily submitted larger than normal tax rates for 2009. Basically what is happening is that the local tax units don’t really know what their budgets are and/or what this years assessments are. Since they don’t really know what they are working with, they overshoot it and then claim they might go down once the final numbers are in.

Regardless of how you feel about the “temporary” inflated numbers, you do need to understand how this can affect you as the buyer or the seller in a real estate transaction during the “black hole” period when we don’t actually know the tax rate.

If you are a seller and you close during the time between...

781 Views, 2 Comments.

Fri, Oct 10, 2008

Indianapolis Mortgages - Business As Usual by Eric McMillan

It seems you can’t turn on the T.V. without hearing how bad the economy is. I know I’ve heard about how there is a “credit freeze” and that we, as consumers, will feel the brunt of it. I’ve heard that we won’t be able to get car loans, pull money out of the ATM, get credit, or get a Mortgage on a home. I can’t speak about getting a car or applying for a credit card, but I have been able to get cash out of my ATM. Also, and more importantly to my industry, banks are still buying mortgages. As a matter of fact, Fairway Mortgage (www.fairwayindy.com) has not experienced any changes whatsoever. It’s business as usual.

You know the saying, “Believe half of what you see and nothing of what you hear”? It certainly rings true right...

316 Views, 2 Comments.

Wed, Oct 08, 2008

Indianapolis Real Estate is not Florida Real Estat... by Mike Taylor

I am so glad I am not an agent in Ft. Lauderdale, Riverside, Orlando, or any other number of cities in the Florida, California, Arizona or Nevada area. According the latest PMI Risk Index, some of those areas have over a 99% chance that the home prices will be lower in two years. Ouch!

While this latest index does not bode well for other areas, Indianapolis real estate comes out smelling like roses. According to this study, we have less a 1% chance that our home prices will be lower in the next 2 years.

Here is the full list of metro areas and their corresponding risk index:

Rank MSA Score

1 Fort Lauderdale-Pompano Beach-Deerfield Beach; FL A 99.5
1 ...

618 Views, 4 Comments.

Mon, Oct 06, 2008

Noblesville Named Community of the Year by Mike Taylor

Hamilton County seems to pile up accolades like no other County in the Indianapolis area. Well, add another to the list for Noblesville which was recently named the “Community of the Year” by the Indiana Chamber of Commerce. According the Chamber “Noblesville is a shining example of dedicated city and business leaders working together to preserve their past and enhance the future.”

The Chamber of Commerce has adorned Noblesville with this award for successfully managing its extensive growth while maintaining a vibrant downtown and high quality of life. Noblesville has seen a 33% increase in population since 2000 and is still growing by leaps and bounds both residentially and commercially. In addition to the vast residential...

278 Views, 0 Comments.

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