Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio,
market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel,
Westfield, Zionsville and Avon.
It was the first decline following nine straight months of gains and the lowest reading since June.
The recovery continues to be uneven, with only 11 of the 20 metro areas tracked by the index showing gains.
Short sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
The Commerce Department said Wednesday morning that construction of new homes and apartments rose 8.9 percent in November.
Home-sale agreements in the nine-county Indianapolis area rose 3.3 percent in November, marking the third consecutive month they’ve showed a year-over-year increase.
The National Association of Realtors said Monday that home resales rose 10.1 percent in October, spurred by a tax credit that
buyers
expected to expire at the end of the month.
Multifamily housing may not benefit anytime soon from falling rates of homeownership.
A federal tax credit that benefits first-time homebuyers is helping to bring home sales in the nine-county Indianapolis area
out of their funk.
President Barack Obama is set to sign a $24-billion economic stimulus bill providing tax incentives to prospective homebuyers
and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.
Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
The incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales
eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
Home-sale agreements in the nine-county Indianapolis area ticked up in September, due in large part to first-time homebuyers
enticed by large tax breaks.
The grueling years of the housing downturn in the Indianapolis area appear to be over, a real estate veteran says, but a full
recovery is one to two years away.
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs
are continuing to ease in the earliest stages of an economic recovery.
Low-priced homes and foreclosures are driving a large chunk of residential real estate sales in Indianapolis, largely due
to first-time home buyers taking advantage of a federal tax credit, according to a report released today by Re/Max of Indiana.
Sales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
Home-sale agreements in the nine-county Indianapolis area dropped 3.1 percent in July over the same month a year ago, according
to a report released yesterday by F.C. Tucker Co.
Home-sale agreements in the nine-county Indianapolis area dipped 1.4 percent in June compared to the same month a year
ago, according to a report released today by F.C. Tucker Co.
The merger will give Keller Williams, which entered the local market five years ago, a foothold in Hamilton County, where
Brenwick Realty has been responsible for selling property in Village of WestClay.
