Paintings and furniture from the former Indianapolis estate of late businesswoman Christel DeHaan will be offered at three separate auctions over the next six weeks, according to Chicago-based auction house Hindman. The estate sold last year for a state record $14.5 million.
Farmington Hills, Michigan-based Schafer Development LLC is seeking city approval to rezone the land. Pulte Homes of Indiana LLC would be the builder for the 14-acre development.
The local homebuilding industry continued to see a slump in demand for new houses in central Indiana in February.
The Maddox would include 11 residential buildings on about 33 acres near the intersection of East Whitestown Parkway and Cardinal Lane in Whitestown.
While the volume of sales has fallen off considerably since last year’s red-hot market, the number of days a house stays on the market has dropped in recent weeks—a development that many see as a sign of the market stabilizing.
Sixty-one percent of Hoosiers in extremely low-income households can’t find an affordable rental, instead spending more than half of their income on housing with little left for food or other necessities, according to a newly released analysis.
Steve Chancellor, a well-known Republican donor and coal company executive, has welcomed many of the GOP’s elite to the 33,547-square-foot mansion since it was built in 1997. Now he’s put his palatial home on the market for $8.5 million.
Joining the podcast this week are apartment market specialist George Tikijian, real estate developer Eric Gershman and Deputy Mayor Scarlett Andrews.
Residential real estate sales in the 16-county area have fallen on a year-over-year basis for the past 13 months and have seen double-digit percentage decreases for eight straight months.
The pickup points to signs of budding optimism that the worst of the housing rout may be near.
The building was purchased from former occupant Girls Inc. by an affiliate of Merchants Bank for $3.1 million in May.
The $10 million infusion will help create a 48-unit affordable apartment complex for low-income families and homeless young adults on the near-east side called St. Lucas Lofts.
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
The Fishers City Council is considering an ordinance that would make it easier for new homeowners associations in the city to make changes to covenants and restrictions.
The Courtyards of Russell Oaks would be built on 97 acres along Russell Lake and be targeted at empty-nesters.
Despite the decline in sales, median prices for homes sold in the 16-county area rose 11% in January on a year-over-year basis, according to the latest monthly data from the MIBOR Realtor Association.
Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.
The search Friday was described as consensual and came after an extensive back-and-forth between former Vice President Mike Pence’s legal team and the FBI.
The share of homes bought without mortgages in the United States is now at levels not seen since 2014, when the housing market was on the rebound after the foreclosure crisis and the Great Recession.
Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.
