McMansions: a bad bet, except maybe in the Midwest
The few areas in which McMansions are gaining value faster than more tasteful housing stock are primarily the Midwest and the eastern New York suburbs that make up Long Island.
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Indy top market in nation for first-time buyers, Zillow finds
A Zillow study found the median home value in Indianapolis is $130,000 this year and the supply of those homes is high. It also found it takes just 11 percent of a buyer’s monthly income to make the average mortgage payment.
Area home sales stagnate as inventory continues to drop
The total number of active home listings in central Indiana was down 11.7 percent, from 12,878 a year ago to 11,377 at the end of last month.
Existing home sales, prices rise amid tightening inventory
Existing-home sales in central Indiana increased 5.4 percent in June and the average price rose to $203,913.
Low appraisals torpedo sales in hot residential market
A low inventory of homes for sale is driving up prices to the point that many sellers are fielding multiple offers, some for even more than the list price, making it harder for appraisers to determine a fair market value.
Originally listed for $25M, Simon estate in Carmel might finally have buyer
Homebuilder Paul Estridge Jr. has been in discussions about acquiring the sprawling 106-acre property on Ditch Road, according to a source familiar with the deal.
Country club land along White River to be preserved in $2.7M deal
Club directors chose to sell 12.5 acres to the Central Indiana Land Trust after considering an offer from a local developer who wanted to build homes on the property.
Residential Real Estate: Marketplace
Housing Sales March 1 – May 31 MORE FROM IBJ Click here. The housing market is hot but the challenge is a lack of inventory, said F.C. Tucker Co. President Jim Litten. Currently, there are about 9,000 listings in central Indiana, although about 20 percent of those are under contract with an agent accepting […]
Turnarounds rebound as home flippers get back in gear
Locally, the number of homes flipped in 2015 jumped 9 percent from the previous year. Nationally, 2015 marked the first annual increase in the percentage of homes flipped following four straight years of decreases
Homes selling at strongest pace nationally since 2007
Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade.
Existing-home sales surge in central Indiana
Existing-home sales in central Indiana jumped 18.6 percent in May as average sale prices ticked up and inventory dropped significantly.
Ten years after housing’s peak, U.S. more of a renter nation
Renters accounted for all of the 8 million-plus net households the United States added in the past decade. Home ownership has dipped to 63.5 percent, near a 48-year low.
New homes selling rapid fire at former Fort Ben
Builder David Weekley Homes is launching the second phase of its 74-lot Residences at Lawrence Village project more quickly than expected.
Existing-home sales, prices climb in central Indiana
Existing-home sales in central Indiana jumped 12.4 percent in April as average sale prices rose slightly and inventory dropped significantly.
Indianapolis-area home builders stay on growth streak
Indianapolis-area residential builders filed 546 single-family construction permits in the nine-county area last month, their best April since 2007.
Pittman family properties in $2.4M estate could be auctioned
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
Home sales surge in March as inventory remains tight
Home closings in 13 central Indiana counties climbed 9.2 percent compared with the same month last year, while average sale prices rose 3.4 percent.
Existing homes sales still falling in tight market
Sales of existing homes in central Indiana showed a 2.5 percent decline in March, marking the 11th monthly decrease in the last year.
U.S. home prices rising faster than average incomes
U.S. home prices climbed at more than double the rate of incomes in January, a trend driven by tight supplies that could ultimately create affordability challenges.
Residential Real Estate: Marketplace
See what you can buy for $650,000 plus get the details on the most expensive house that sold in the past few months.