Indianapolis Times, Indianapolis, Marion County, 17 October 1948 — Page 54

per ors Hint mb “Medium and Low Price Fields Still Bring ~~ High Demand; Many Seek Suburban Property

AR : realtors became conscious last week of certain changes “om the m a whieh made them take a long look Ht the future, measure the depth of demand, and mesh their selling gears. buy one leading realtor put it, “the man with the sackful of monn] sont around any more.” But this does not mean the market “*is sagging, or even dui. t has become in the upper price brackets ‘an buyers’ market, | Joseph Argus Sr, of American "But in the medium and low nd, | Esto ep aT onoureod on the + Belds, there 1s ‘still high demand, weakening of the higher bracket , agerness to buy and the money ‘homes, His experience in the ER Which 3 9 ne E Market last month or two is that fam“Bt. one of the more aggressiv ilies are looking for security such

better for the buyer. “There are home where they can raise vege-

better values on the market to-| 'have reasonably good transpor-

tay than there have been fori,.,.. »s several of the briskly buyers.

.,some time. Sellers are easing i. .ioning additions have. their prices down into more rea: yy is convinced there are still Bui _ sonable ranges. many well-built new homes on Value Getting Better {the market and considering the

He pointed out, values above fact they need no repair expense +2$30,000. are weakening but in the for the first five years or more, ew plISe osts

Unfinished Bedrooms,

Power Saws Help . Builders fearful of the public's

$10,000 to $15,000 class the de- they often turn out better In \-, amand is far from satisfied and value than the older homes. , sthe values are getting better. Educated on Values Mr, Carr said there could| Mr. Argus says the public is weasily be an upturn in real es- well educated ‘on values. People state values if the defense prepara- have been looking for and at| : tions continue or reach any con- houses so long they know when! «giderable magnitude. «+» Buburban property (the little'and grab at it, he said. He pre- (rising place in the country) is still in!dicted the middle class home de-{are s strong demand, partly because of mand will hold up for some time city taxes and partly because although Windsor Village and]

many families want to raise Meadowbrook will take the edge|in the price of new homes. One large local lumber com-

some of their food, chickens and eggs.

even 10 off this demand to the extent of {about 1200 dwellings. pany Need Better Financing | The Bruce Savage office, Circle in the "Better financing, he said, is an Tower,

|they find one reasonably priced Packing away from

{new ways to reduce these items

has sensed a healthyiare struggling to keep the new

PEO CITY I NR eg AE

are iables, get out in the sun and| that some of the best values are found, Mr. Cort said, due to selective-minded '

|ders Fighting

steadily materials and labor costs, earching for, and finding,

. 2118 MEDFORD AVE. These Homes Being Sold to GI's Only. Complete With

raised prices 10 per cent last week while contractors

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AMERICAN COLONIAL SOLD—This substantial Alera colonial, “Vome of Albert Fellinger, 5320 Washington Blvd., was sold last week to Claude Jacquart, realtors, says. the’ market looks 8 they find in a small suburban| by Guy Boyd of the Jack C. Carr Co., 139 E. Market St. It is in this market

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| homes as possible before_the snow flies. Fly-in-the-ointment short. 32! ! | ages are cement, gypsum lath and structural steel.

“ng up of production—picks

when the snow flies, but not too tional! econom wo | ation its SOY 14 leas headache teh. Those houses already under| Chi about what to do when the build. roof

| ing boom wears off. Most localthe Winter.” Dulders Delleve ft ( be three Mr. Spickelmiér believes winter

| medium- home de Jets Manufacturers & m uc h - needed m-presd mand 1et8) reathing spell in which they can| J-

up. ¥ restock for next spring's impact. treasurer, »ls0 reparted that Elmer B. Meadley, secretary of Generally, the picture in" the/$600,000 of cash—reserves had

the Marion Count id Builders, reports 425 on i new home market is one of opti-|been “-gtarted-in the County. in.

345 in July. In the fifst six months! speculative field and have stopped debt this year 2057 homes were started, Puilding houses with - their own: said.

While new medium-priced houses are moving readily in In-

Home building is moving at top speed to complete as many dianapolis, some bilyers are witli,

letting home buyeis do the fiThe Indianapoils labor market is jn a strong position. Tighten. |"n¢IN8 before the job is started. —as-defense-

| up speed, woos re factories. Airline Reports ~The building" ind which a¢counts for about one-th the|™ay be some seasonal slowdown $75,446 Monthly Profit

serving Indianapolis, yesterday completed through reported a profit for September of $75446, bringing the net profit

to. $449,426 for. the first nine | years or more before the present/™!l ive the building materials months of the year.

Sent mism. But there are a few cop- ment short-term securities. ber, compared with 378 in August, tractors who are Casing ‘out of the{line: has no-bank-loans, no-honded

ng speculitive building, and i Hel

cago & Southern Air Lines,

HH Cooper, vice presidentinvested in U. 8.”

S03 S East St ns

and no preferred stock, he,

most of them sold before they Money, taking contracts from were finished: °° [people who hire an architeet.

GI Loans Slowed SW | “The Highs Triced sues always New Safety Plan Urged | stand around longer than the me- At Hicks Strip Mine

“din price class; said Mr: Mead- = | ley, “but eventually they are sold, | Furiher précatitionary measures

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iat the Hicks strip mine at Can-| i | tod. forthe above-average priced SUE Daviess County, Ind. Delivered To Your Site Bouse." were recommended by the federal : siden In Easy To. Erect Sections |" GI loans have slowed like Jan-/Chl te inspector of the Bureau, We Erect Anywhere in } uary lasses. Few on 0 { being a ~ ub any a The inspector recommended | ty GET OUR PRICES | money has disa It's now sonstzystion of the explosive-| 106 . INS « | & minimum of 43 per cent. [sto rage magazine and elimina- ; ON GARAGES | There are few lemons on the HOM Of the steep grade of the, $3680 to $2,488 F. 0. B. | new house market. The new home MEhWay at the mine to prevent | Sie 8x12, 12x12, 20x18, 10% Down — Balance 36 Menths buyer still is not too selective. He |slides. The mine produces about 20:20, 24x20, 30x20, 30x24 See Models at is mainly interested in a root ovar({100, tons. daily. bin and. off 0's 3 a Bp mtn ST CIRCLE CITY SUPPLY CO. A Faster, nn Anything Caiman Clay County; Ind; won! CAPITOL AVE. AT ISTH Lik 4018

Carl Spickelmier, president df commendation for good operating] the Home Show, Inc., said: “Build-|conditions. ing surely isn't slowing up. It's going faster, if anything. There

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