Area homebuilders off to slow start in 2022 despite demand for houses
Supply-chain issues, labor shortages and a lack of suitable lots are holding back sales, according to the Builders Association of Greater Indianapolis.
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Existing-home sales hold steady in central Indiana amid rising prices
The median price for homes sold in the area last month was up 13.6%, to $253,245, compared with $223,000 in February 2021.
Central Indiana homebuilders off to slow start in 2022
Central Indiana homebuilders are coming off their busiest year since 2005, but January saw a big drop in single-family building permit filings.
Mortgage rates soar to levels not seen in nearly three years
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average has spiked in the last six weeks to 3.92%.
Area residential real estate market sees rising sales, soaring prices in 2021
Sales of existing single-family homes in central Indiana slowed in December, but 2021 was a solid year for the residential real estate market despite high prices and shrinking inventories.
Christel DeHaan home generating big interest from potential buyers, agent says
Based on the early interest in the property, the estate might end up selling above $14 million list price, the listing agent said. Proceeds from the sale will allow the not-for-profit Christel House International to expand its outreach to students in high-poverty areas around the world.
Home of late philanthropist, businesswoman Christel DeHaan on market for $14M
The listing provides a rare glimpse at an Indianapolis estate that sits behind stucco walls topped with terracotta tiles at 4501 N. Michigan Ave.
Existing-home sales rebound in central Indiana
Sales of single-family homes were back on the rise in the area in November, ending a two-month streak of declining purchases despite rising prices and tight inventories.
Area homebuilders trying to keep up with strongest year since 2005
After a three-month streak of declining numbers, Indianapolis-area builders received a surge of interest from new-house buyers in November and are nearing a 16-year record.
Area existing-home sales tumble 8.7% as prices escalate
Sales of existing homes in central Indiana fell for the third time in four months in October amid skyrocketing prices and tight inventories.
IBJ Podcast: ‘Old-school’ agent Matt McLaughlin hits $1 billion in career home sales for Tucker
Host Mason King sat down with McLaughlin to learn how he closed so many sales, what makes his approach different and what he thinks about central Indiana’s red-hot real estate market.
Sales of Indianapolis-area existing homes see September decline
Sales in central Indiana fell for the second time in three months last month as prices continued to escalate and inventories remained low.
Sales of Indianapolis-area existing homes bounce back in August
On a year-to-date basis, closed sales in central Indiana are up 6.6%, to 25,349, compared with 23,776 in the first eight months of 2020.
White House rolls out plan to improve housing affordability
Millions of Americans are getting priced out of ownership or stuck spending the bulk of their income on rent. The S&P CoreLogic Case-Shiller 20-city home price index climbed a record 19.1% in June from a year ago.
Builders see increased demand for new homes for the 14th straight month
So far this year, 6,539 single-family building permits have been filed in the Indianapolis area, up 39% over the first seven months of 2020.
Indianapolis area sees first decline in existing-home sales since June 2020
Meanwhile, inventories in the 16-county Indianapolis area remained tight and prices continued to escalate.
Hot housing market makes for some risky decisions
While selling a house in a hot market might seem easy, there’s actually some risk, uncertainty and often inconvenience on both sides of a transaction.
Area existing-home sales, prices escalate while inventories fall
The seller’s market in residential real estate grew even stronger in central Indiana in June, with existing homes selling at a faster pace and buyers spending extra to land properties.
Newfields puts historic Westerley property on market for $2.2M
The museum has used the the four-bedroom, eight-bathroom Tudor-style home built in 1922 to house its leader. It’s the first time the property has been on the market since the 1930s.
Demand for new homes still growing despite rising construction costs
Builders in the nine-county Indianapolis area are seeing their busiest year since 2005 despite soaring lumber prices and snarled supply chains that have made it difficult to get products to complete new homes.