Indianapolis: Activities to do, Restaurants to try, and Events to attend in the Upcoming Months

Looking for activities to do, restaurants to try, or events to attend in the upcoming months?  Here are some options to consider.

  • Are you ready for some football? Colts vs. Patriots @ 8:30 pm at Lucas Oil Stadium: Sun, October 18- You don’t want to miss Tom Brady’s first game back as the rivalry continues! Get your tickets now.
  • Looking for a new restaurant to try? Check out some Indianapolis local favorites: Cafe Patachou, Bazbeux Pizza, Yats, St. Elmo Steak House, Mama Carolla’s Old Italian, Bluebeard, Goose the Market, Mesh on Mass, Brugge Brasserie, Twenty Tap, 3 Sisters, etc.
  •  Searching for an activity for the kids? Check out the IMAX Theater in the Indiana State Museum August 20-30 and experience Pandas- The Journey Home and Secret Ocean in 3D!
  •  Music fan? Make a short road trip to Noblesville and walk into the giant outdoor amphitheater, Klipsch Music Center, and catch a concert from some famous stars before Klipsch closes for the season: Jason Aldean, Foo Fighters, Brad Paisley, Def Leppard, Van Halen, Dierks Bentley, and Zac Brown Band.
  •  Looking for some exercise? Take a walk, bike ride, boat, or segway along the Canal Walk, which stretches from White River State Park to Indianapolis’ near north side. Hop on the Monon Rail Trailwhich stretches from the northern suburb of Westfield to downtown’s Mass Ave Cultural District where it connects to the Indianapolis Cultural Trail. Whether it is an event for the whole family or just some alone time by yourself, you won’t be disappointed while exploring the beautiful landscape of Indiana.

Enjoy Indianapolis and take part in all it has to offer! I am always available to serve your real estate needs in the Indianapolis and surrounding areas. Call/Text me if you are looking to buy or sell and need some expert guidance and advice: 317-289-3338

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Indianapolis- An “Easy to Buy” Market

Easy and Affordable. That’s a Win.

Indianapolis has long been known as an affordable market. That designation is generally arrived at when housing analysts and economists compare the median income of a region to the median housing price. The higher percentage of people who earn the median income – thus able to afford the median price –  the more affordable an area is. It’s called an Affordability Index and the Indy market has traditionally ranked high, if not the highest, on that index.

Realtor.com recently launched a new index – the EasytoBuyIndex. It considers affordability, but only as one factor. It also takes into consideration the total costs of home ownership, the condition of the rental market and factors such as insurance, taxes and supply of available homes.

According to Realtor.com, the index combines four factors with equal weight:

  • Average 30-year fixed-rate mortgage
  • Number of homes for sale per 1,000 owner-occupied households
  • Percentage of median household income it takes to buy a home at the median list price
  • Percentage of active inventory below the maximum affordable price (determined by assuming a 28 percent loan-to-income ratio, median income, and a 20 percent down payment)

Another positive finding is that of all the top 10 markets in the index, each had between 1 and 10 percent appreciation in the last 12 months. Central Indiana’s 12-month track record is a 5.1 percent increase in median price and a 4.5 percent increase in average sales price, clearly making central Indiana a good place to own a home. What other cities popped up on the Index? Memphis, Virginia Beach, Birmingham, Cincinnati, Pittsburgh, Atlanta, Cleveland, Detroit and Columbus.

Posted by: Claire Belby

Call/Text David Morris at 317-289-3338 to buy or list a house in this increasingly affordable market today!