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BusINess » Real Estate

Posts Tagged ‘Real Estate’

NWI home sales get hot in winter’s depth

A Realtor shows a couple the kitchen of a Valparaiso home. Home sales increased 32.3 percent in January from January 2010 in Northwest Indiana. (Photograph by Kyle Telechan, file | The Times.)

A Realtor shows a couple the kitchen of a Valparaiso home. Home sales increased 32.3 percent in January from January 2010 in Northwest Indiana.
(Photograph by Kyle Telechan, file | The Times.)

For the first time in seven months in Northwest Indiana, existing single-family home sales increased compared to one year ago, giving Realtors hope a housing market turnaround is starting.

Home sales increased 32.3 percent in January from January 2010, with the median selling price holding stable at $115,000 in the five-county area, according to the Greater Northwest Indiana Association of Realtors.
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Home sales slide stops in December

A home for sale in Portage had its price reduced. Sales of existing single-family homes fell just 4.3 percent in December as compared to December 2009 in the five counties covered by the Greater Northwest Indiana Association of Realtors. In some markets, sales were up, such as in Porter county, where 20.5 percent more homes were sold in December. (Photograph by Jon L. Hendricks, file/The Times.)

A home for sale in Portage had its price reduced. Sales of existing single-family homes fell just 4.3 percent in December as compared to December 2009 in the five counties covered by the Greater Northwest Indiana Association of Realtors. In some markets, sales were up, such as in Porter county, where 20.5 percent more homes were sold in December.
(Photograph by Jon L. Hendricks, file/The Times.)

Home sales in Northwest Indiana leveled off in December following five straight months of plummeting sales numbers, giving rise to hope the long-awaited housing turnaround may be just around the corner.

Sales of existing single-family homes fell just 4.3 percent in December compared to December 2009 in the five counties covered by the Greater Northwest Indiana Association of Realtors. In some markets, sales were up, such as in Porter County, where 20.5 percent more homes were sold in December.

“I think it’s just that more people are feeling better about things,” said Minakshi Ghuman, a Realtor with Century 21 Pace Estates in Valparaiso. Read the rest of this entry »


Burns Harbor poised for growth in 2011

A rendering of the proposed Manor Homes in Burns Harbor. (Rendering provided.)

A rendering of the proposed Manor Homes in Burns Harbor. (Rendering provided.)

In early December, the Burns Harbor Advisory Plan Commission gave the green light to The Village developer Cliff Fleming to add additional units to his original plat, which Fleming says will fulfill a vision of building up the town.

The addition is planned for the 30-acre parcel just to the east of The Village and will include what Fleming calls Manor Homes. They are two-story buildings composed of eight units with between one and three bedrooms each, some with an attached garage, some with an external garage.
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NWI home sales feel November chill

A Realtor shows a couple the dining room of a Valparaiso home during a walk-through. Altogether, 439 existing single-family homes were sold in November in the five counties covered by the Greater Northwest Indiana Association of Realtors, compared to 719 in November 2009, according to association figures. (Photograph by Kyle Telechan/The Times.)

A Realtor shows a couple the dining room of a Valparaiso home during a walk-through. Altogether, 439 existing single-family homes were sold in November in the five counties covered by the Greater Northwest Indiana Association of Realtors, compared to 719 in November 2009, according to association figures. (Photograph by Kyle Telechan/The Times.)

Realtors sold almost 39 percent fewer homes in Northwest Indiana in November than they did a year ago, with some of the drop attributable to soaring sales in November 2009 in anticipation of an expiration of homebuyer tax credits.

Existing single-family homes sold in November totaled 439 in the five counties covered by the Greater Northwest Indiana Association of Realtors, compared to 719 in November 2009, according to association figures. November home sales dropped about 16 percent from the previous month.
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Cloud over construction breaking, but slowly

Workers use a back hoe and hand shovel to dig foundations for jail cells at what will be a new government complex, police and fire station set to open in 2011 in Lake Station. At a conference for North American steel industry executives, customers and suppliers in Chicago last month, presenters gave outlooks for the construction sector that ranged from gloomy to slightly less gloomy. (Photograph by John Luke/The Times.)

Workers use a back hoe and hand shovel to dig foundations for jail cells at what will be a new government complex, police and fire station set to open in 2011 in Lake Station. At a conference for North American steel industry executives, customers and suppliers in Chicago last month, presenters gave outlooks for the construction sector that ranged from gloomy to slightly less gloomy. (Photograph by John Luke/The Times.)

Good and bad signs are forecast for the construction sector in 2011, but industry watchers agreed that it appears the ugly business conditions seen in recent years may be over.

At a conference for North American steel industry executives, customers and suppliers in Chicago last month, presenters gave outlooks for the construction sector that ranged from gloomy to slightly less gloomy. CRU, a London-based research and consulting firm, sponsored the three-day conference.
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McCOLLY Real Estate announces Super Sunday Open House winner for November 2010

Scott Shepherd poses with the $1,000 check he won for the November Super Sunday Open House Event. Also pictured is McColly Real Estate Agent Lee Garafolo-Malizia. (Photograph courtesy of McColly Real Estate.)

Scott Shepherd poses with the $1,000 check he won for the November Super Sunday Open House Event. Also pictured is McColly Real Estate Agent Lee Garafolo-Malizia.
(Photograph courtesy of McColly Real Estate.)

From the BusINess inbox—The BusINess editors are committed to keeping you informed about the latest news in NWI. Here’s today’s submission from McColly Real Estate:

On Sunday, November 14, 2010, McCOLLY Real Estate held its monthly Super Sunday Open House Event. On the second Sunday of every month (unless otherwise specified), McCOLLY Real Estate provides entry forms at each of their Open Houses for the public to enter their chance to win $1,000. All McCOLLY Real Estate Open Houses for that day are listed on mccolly.com. No purchase necessary.

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Economy continues to hinder local home sales

Home sales continued a four-month slump in October, with historically low interest rates unable to overcome the negatives of tight credit and a slow economy.

In Northwest Indiana, sales of existing single-family homes were down 29.9 percent from October 2009 and down 4.8 percent from this past September, according to data from the Greater Northwest Indiana Association of Realtors.
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Prudential Executive Group Real Estate agents receive state recognition

(left to right) Nick Arnold, Kelly White and Mack Elliott.

(left to right) Nick Arnold, Kelly White and Mack Elliott.

From the BusINess inbox—The BusINess editors are committed to keeping you informed about the latest news in NWI. Here’s today’s submission from Prudential Executive Group Real Estate:

Prudential Executive Group Real Estate celebrates the accomplishments of three of its agents that have achieved recognition in the state of Indiana.

During the first quarter of 2010, Nick Arnold, Realtor in the Valparaiso office, achieved the ranking of third place in gross closed income for Prudential Real Estate and Relocation Services agents in the state of Indiana. Kelly White, Realtor in the Portage office, achieved the first place ranking for gross closed income and the second place ranking for closed units in the second quarter. Mack Elliott, Realtor working in Lake County and south suburbs of Chicago, achieved third place for gross closed income for the third quarter.
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An insider’s view into buying and selling a home

It’s no surprise that potential homebuyers have a few lingering concerns about the housing market today.

Even so, results of the recent National Association of Realtors® (NAR) 8th annual Housing Opportunity Pulse Survey reveal that 8 out of 10 respondents believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market.

With a dozen developing new home communities in the area, a good number of potential new homebuyers in northwest Indiana visit the information centers and models by Olthof Homes. In general, they all have very similar questions and concerns, according to Todd Olthof of Olthof Homes.
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NWI home sales in holding pattern

Home sales in Northwest Indiana slumped in September for the third month in a row. Job insecurity and a high inventory of foreclosures continue to depress sales nationwide.

Sales of existing single-family homes in the five counties covered by the Greater Northwest Indiana Association of Realtors were down 19.8 percent in September from one year ago and up just 0.9 percent from last month, according to association data.

People worried about holding onto their jobs remains a key factor in holding back home sales, even as interest rates remain at historic lows, according to Dianne Kwiatkowski, a Realtor with Coldwell Banker Residential Brokerage in Valparaiso.
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