| Foreclosures in Indiana
Population:
16th largest U.S. State by population, with 6,423,113 people (2009 estimate). 38th largest state in the country by area, at 36,418 square miles.
Largest city: Indianapolis
Median income:$47,966 (2008 estimate)
Climate:
Yearly rainfall: 39 inches per year
Yearly snowfall: 22 inches per year
Temperatures (High/Low) in capital city of Indianapolis:
January, 35/19; July, 86/65
Foreclosures:
Foreclosure activity for 2009 decreased in Indiana over the prior year. There was a total of 41,405 properties with filings. That works out to a rate of one filing for every 67 households, which compares to the United States average of 45, and is a about one and a half percent of the state’s housing units.
Those figures represent a 16 percent decrease over 2008 and a 48 percent increase over 2007.
In 2008 there were about 118,600 existing homes (including condos, co-ops, and single-family homes but excluding new homes) sold in Indiana, compared to about 148,300 sold in 2007.
Economy:
Indiana is located in the “Corn Belt” and the “Grain Belt,” and is also a major soybean producer. In addition to being a agricultural powerhouse, Indiana is also a major manufacturing hub. The Northwest part of the state is the biggest steel producing area in the country. Cars, machinery, electrical equipment and coal and petroleum products are all important components of the economy. Indianapolis is the international headquarters of top pharmaceutical manufacturer, Eli Lilly, which is largest individual company in the state.
Noteworthy: Indianapolis Motor Speedway was the site of the first long-distance auto race in American history and is still the home of the world famous Indianapolis 500.
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