U.S. home sales eke up in September, credit stays tight
Average 30-year mortgage rates have tumbled below 4 percent, but it remains difficult to qualify for financing.
Average 30-year mortgage rates have tumbled below 4 percent, but it remains difficult to qualify for financing.
If prior sales of expensive one-of-a-kind homes are any guide, the Carmel estate owned by Bren Simon will be difficult to sell for anything near its asking price of $25 million.
The residential real estate agency, the third largest in the city based on home sales, is now part of Berkshire Hathaway HomeServices.
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.
Scott Wynkoop placed first among all-star agents a third year in a row.
Ward takes first place among IBJ’s All-Star Teams sixth year in row.
Home-sale agreements declined 13.8 percent in the nine-county area in July, the 11th straight month deals have decreased.
Home-sale agreements tumbled 14.9 percent in the nine-county Indianapolis area in June, the tenth straight month deals have decreased, according to F.C. Tucker Co.
A Realtor and builder are buying north-side homes to be overhauled and sold for big prices, dividing neighbors over the value of gentrification.
Home-sale agreements plummeted 31 percent in January, likely due to the record snowfalls and cold temperatures.
Although area sales are up 16 percent through the first 10 months of the year, the trend has slammed into reverse in recent months amid higher mortgage rates and tighter inventories.
For 34 years, Ward has been selling homes in the Indianapolis area, often to the city’s elite, racking up 12-hour days during her busiest times.
The 3-percent bump last month was cause for relief after pending agreements in July broke a two-year streak of gains.
Count ’em. Five years in a row that Bif Ward has led the All-Star Teams. In 2011 and 2012, the F.C. Tucker Co. team raked in $104.5 million, up from $94.5 million in 2010 and 2011.
Scott Wynkoop placed first for a second year in a row in IBJ’s annual list of All-Star Agents. Wynkoop sold $56.9 million worth of homes in 2011 and 2012, up from the $45.7 million he sold in 2010 and 2011.
Dozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.
Purchase agreements for existing homes in the Indianapolis area increased 13.2 percent in April. Home sales have jumped in each of the first four months of the year.
The 1.2-percent improvement last month followed healthier jumps of 17.2 percent in January and 8.1 percent in February.
Purchase agreements for existing homes totaled 2,034 in February, up from 1,882 in the same month a year earlier, Indianapolis-based real estate agency F.C. Tucker Co. Inc. reported.