Filings to build new homes in central Indiana hit their highest monthly level in nearly 10 years last month, according to the latest numbers from the Builders Association of Greater Indianapolis.
An Indianapolis business that has purchased and rented out hundreds of houses in the city is being sued by a not-for-profit housing group and four former customers over what they are calling a “predatory and unlawful rent-to-own scheme.”
Existing-home sales in central Indiana ticked up 1.4 percent in April while rising for the 17th month out of the last 18.
Existing-home sales in central Indiana soared in March while rising for the 16th month out of the last 17.
House Bill 1133, which would prevent local governments in Indiana from banning Airbnb-style businesses, would give municipalities the ability to require short-term rental hosts to pay for a permit in order to host guests.
The mild winter has meant more home sales at the beginning of the year than usual, said F.C. Tucker President Jim Litten.
February’s decrease in existing-home sales came amid a steep increase in prices and a big decline in housing inventory.
Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.
Closed sales in the 13-county area have risen every month on a year-over-year basis since October 2015.
The properties, in Carmel and Zionsville, had been owned by the late Dr. John Norman Pittman and were sold in three separate transactions.
Closed sales in the 13-county area have risen every month on a year-over-year basis since October 2015.
The 2016 permit number marks the fifth straight year of rising sales, but still pales when compared with the single-year high for permits in this century.
Drexler Woods would include 490 single-family homes spread across 185 acres, as well as attached residential units and land for business use. Westfield officials will take a closer look at the project on Monday.
Existing-home sales in central Indiana rose 3.6 percent in October amid rising prices and a continuing decline in housing inventory.
With assistance from Near East Area Renewal, the neighborhood has seen 90 new or refurbished homes come on the market since 2010. And that number is expected to grow to 100 next year.
Existing-home sales in the 13-county area shot up in August despite a continuing decline in housing inventory.
Americans retreated from home-buying in August, as a worsening inventory shortage appears to be hurting sales and pushing prices higher.
Nationwide prices are increasing more quickly than incomes as buyers compete for the dwindling supply of available homes. The ongoing imbalance in the housing market could stifle sales in coming months.
Home sales are up 3 percent. Get the stats for the region, plus see what you can buy for $900,000 and what home sold for the most in the past three months.
For the first time in almost a decade, there’s a new group at No. 1 in the IBJ All-Star team ranking: Dennis Nottingham’s Indy Home Pros Team. Meanwhile, there’s a familiar name atop the list of solo agents.
