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<br />BellrMw,.wn .•tr.srtYxaa tg9ntt4xnn ts+nd T,•b.••e. i'
<br />.•S T tJr "e t`I S r/ Ste} •..
<br />Both buyers and sellers profit
<br />from area median home prices
<br />By RAY M. LELIAERT Jr.
<br />r. i7,/M er..w. Eawo -
<br />Low median prices for :nngle•famlIv homes made
<br />the South Brad-Mishaoraka real estate market attrac•
<br />illi for home buyers during the third nuarter
<br />But ahigher than 3'erage increase in the median
<br />price ri made the area s rel estate market attrac•
<br />lot for home sellers
<br />T his srtemuigh ronfhchng data comes from the Na.
<br />venal .1s,rk•lalloa of Reallom a trade association
<br />Thr CAR said of
<br />of esishng homes was stronx
<br />during the July Sepirmher penod In the Midwest.
<br />south and parts of It* west
<br />The South Rend.Muhawaka market, with a median
<br />l.nce of fig 2(10 dunng the third eivaner, was one of the
<br />rin,t attractive areas In this US for real estate ever
<br />gains
<br />Tla•Itahunal median price was 1196,600 with .54 met
<br />ropn ,,an areas above that It%0
<br />Tia• h,gh•,t meshan juice_ 1t75lKk1, was 1n Ifonatulu,
<br />whir the lowed 119,:'110, war m Saginaw_ Merri
<br />li flu• .so it lime, the Stnnh trend Mishawaka read
<br />.•,t.dr malki•t showed strength for sa•ncrs, 1w MmC a
<br />ii S I.•nv..t Kaon m ih• metimin pried• for an a—Inij:
<br />,ulgn• (anuli Isms• locl%ecn ito• 19" and 1990 third
<br />yuarlcr, Ila. %A It :add
<br />Utah- well h.•hli d llon oluhi r M4 lw•rri-rr t Scar 1'.
<br />• a.0 Cann m •,. priuitw• %. Illi-Itend Me,ha ka arra'•-
<br />ir of uo r rse• wa, lose lh w inset n:+h..xally, artvud
<br />o+g In Ihr �.t 11 .Lila
<br />,tu, ,. de, iia• ,.••.e ...Its. Sl ales r•.1' wlm 1. lool a .....di..n .
<br />t••,•.' ••t i•'• nil .s,.) i • ....... It. pe... Ines rase ul If. 1.v
<br />cent, the NAR utd.
<br />The \AR's rate of Incrra.,e for the lout.'+ Rend•
<br />MLchtw'aka area may be distorted by it* use lir mea,
<br />an prices - the mad -point between the hier—I and
<br />Inwest - rather than a\erage likes,, accordine In
<br />Karen finish, rice president Of the South Bend.
<br />sdishawatla Area Board of Ibeallors.
<br />• We're very untypical' she said, emphasinng the
<br />South Bend•MLshawaka area's reputation for afford
<br />able hutisng
<br />•'w•h•n people come into thlvrommumty, it's an r„•.
<br />opener - they see at greater value here than who -re
<br />Ihey•re coming from:• said Robert M Ila -ley. sale,
<br />manager for Smdh•Zeta Co. Inc
<br />gnash said area real estate prices lend to Increa•:.•
<br />at a motlerair but shady rale, ensuring a reasn»hle
<br />mveriment return while keeping priers affordable
<br />She noted that rapid price mcrrase4 tend to tis
<br />short lived, follnwed try falling prices later when d, -
<br />viand slaws Many h.mwrwnrls get cauyhl sion If
<br />ilw•v tatY w'ta•n prices lire rising and must .•,iii srao
<br />after when lar res finip, she holed
<br />"Wye keep goindding along at Sin a percent annnaill ”
<br />said Jim flunk—e. lwcswirrit of the Multiple Iaslmg Svr
<br />vire of Sooth thrid Mishawaka. fir was reterrl,eC 1.,
<br />the Wpical average iralher Own imethatil amot:d pre.-
<br />lm•ir.71,e for itselfIu 'Ontnld, nu.uv arras of Ila• chantry raja•cror,rl
<br />nurse• Ia19d pnrr Orr.•m during, Ila- 19a1ts. h.11swed
<br />by dethil'+m a•. Iia• rrunumy •.i„w, I. Ia. "M
<br />ltnwi.•y ,.o,l itw• 17 n doth lu -r o.e+ra•r• hear r..
<br />fir. 1•: ):..+w.l E. ,.t the irgseh.l dl rt m•aWrntriy ixhr.i
<br />In.os•,
<br />'The lames tihd ;off- want SIM.0rt0 tia,e enp»t,1
<br />Excel completes purchase of Johnson- division
<br />f'I AIIART - Excel Industries
<br />h' mvalt in the auto Industry in the the firm's flied modular windows,
<br />Inc completed the pit rrhase of
<br />late 19510%. which have resumed in $410 million
<br />f..hns'tln l onlroL% Inc s floor Sys.
<br />The mrafular prralucts are ea. in sales over the past five years, he
<br />ii -m, Division
<br />la•chd to have more potential than said.
<br />fhe cash tran,achon look pUer
<br />-•- ......
<br />rill, rill,sday Terms of the deal w'err
<br />.
<br />':.•1 .11" I.saA
<br />renamed };vt t•I
<br />Popwi
<br />/�
<br />Execumne
<br />In,mn.
<br />•.,leen, Inc, 6 IOS"ehd t0 171..•
<br />M ■ R
<br />,rile, tenet. and is the only
<br />;Ill
<br />ANNOUNCES THE ADDITION OF.
<br />v•nrnran rnanuLu bur rl (of ail
<br />o
<br />hp•s of w,od•.w rrgul.,lm,
<br />ISt�CC' DIGITAL SYSTEMSa•s,l
<br />a, 11 cars and trucks. a,cordnog
<br />- ":'I',hain;tIh,Jktla sIr;;I
<br />to the traditional Executone Line
<br />•Is R7i•>
<br />_ Thr new unit will add about M
<br />_
<br />MPE �C• is a
<br />million to hscel Industries' third.
<br />•�".'f1�_ "�T''�
<br />quarter sales. Lohman said About
<br />product of
<br />!I mlWon will be invested In the
<br />Executone
<br />1',krSSllr plant. he salt
<br />Lohman said hsrrl Industries
<br />Information
<br />has re•celI'M an order for modular
<br />.. Systems, Inc.
<br />windows from Chrysler Corr for
<br />:he 1993 1,1d.senes cars, and F,scei
<br />-- -
<br />s,stems xill provide window rvyu.
<br />_
<br />labors for those cars
<br />-•.w
<br />The modular product is a side.
<br />.a, Executone, the Nationwide
<br />w tndnw rot) up glass unit in s car
<br />r Tedtphoc- Company In
<br />trelKc IhaI call h• as,rmbled milli
<br />South Betid Since 1952
<br />.N.0mi•I.d dour Lohman said thea
<br />'• �.'� 237-0740
<br />•'.•w sy,h•m iso e\pet'ltd to be xlde.
<br />.•!i, . .
<br />HOUSING VALUES
<br />Here are -ea-a,, hor^r erns- toe tn„d
<br />ouaner of 1090 and 1989 to, :w -,era.
<br />mov000+dam areas it n I" rwahona• 1
<br />A.SSOC,ai+On of AlialiOrS I
<br />aror•au+�
<br />Ln.taga
<br />us.as.an
<br />C•^r•nnn,
<br />Or+•o-t
<br />IMlni[%Y3
<br />Grano a.+un•
<br />n«coin
<br />L ansn9
<br />rwos. Bwr3•Ylan.r+aa•
<br />11,114 IV"
<br />S3157Y7 1775" v.
<br />s... em Wt vn }. ;
<br />1177 res) sn+e-C
<br />say 2110 SP^ :rel s
<br />W Y.+
<br />Y! 1 i:4 $17 !77 d
<br />115 K13 $72 41",
<br />159 7rn S65 £<%) e 3
<br />M9 MJ.rr7 93
<br />sm }PO 161 -1)
<br />356,too SS1.1loo 1. 1
<br />trot Increase in value," he r.pWrocai.
<br />Ilawiey estimated trial 711 to m rier"rol M recent
<br />area sales have Involve. Mmrs pnrrwt at :rss If—
<br />i I oe.ow
<br />llunfie agrern, noting that 540.oro to $75.(M Mmrs
<br />continue In he ih• iwmn OI Ih• area Mu,InK marlo.•I
<br />Strltng demand for eta -,e home, may ryd.an -ht In,�
<br />ui„han Nice herr rose at a dnuliledigel rade dunce;
<br />Ila- $Iasi year, he said
<br />"Any reran, rival No— wish pru,d is X to waif
<br />-0 I.•u•; • It'n'st mod
<br />whd.• the rate Of home sale, has slhxef :n —.0
<br />irks, Il st„1. 11 npinm,lw aloold Its• Will' I; lin ..,
<br />Wr•k -1 ,,,• Il.nf.• 1r,r1,1.• ,1,.,, 1..e; .w 111:.1. ..... .... •,i'
<br />to IN- N alt dada. M, Ii—ban , u•I.• I:oo,
<br />1, 1..mr Ir. -Or Ilw,- in the South Rrnd No. haxai.a
<br />area has n vi sivadily her 1hrM years, front Yds dna) in
<br />19K, to 149.100 in 191*1 Ill 5.52..•00 1n I9a9
<br />.A / -
<br />QWWT
<br />U1, a no n a
<br />ttE++oed Y.roWwJ•wna Lnw...sp ►iso -p..,*.. rr. ,
<br />GURi_ 7Y IYEII 1W1(.K. ' -
<br />SAQ2 Nt)ItI'll (,R \Yi ;t.
<br />MISS IAXAKA. iN (2 11), _
<br />BUSINESSMAy�i 4kuRT
<br />14aln7k IB, ,'Ci
<br />(��M� (if• �.y�r .•
<br />A marketplace for '"Business to Businacc to I-
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