First-time U.S. home buyers oldest on record, least diverse since 1997
About 88% of all home buyers were white/Caucasian, 6 percentage points more than in 2021.
Residential Real Estate
Articles
Nearly 1,200 residential units in the works at Noblesville’s Hyde Park
The 242-acre, master-planned development is expected to include a mix of businesses, retailers, restaurants and residential and recreational facilities, plus a 162-acre park as it is developed over the next decade.
Higher interest rates will lower winter home sales more than usual, experts say
The cold months pretty much always herald a drop in residential real estate sales. It just isn’t a great time to schlep around looking at houses. This season, however, is expected to bring a lower dip than in recent years.
Chatham Arch home built in 1910 offers sophisticated urban living
When Dr. Ed Eppler purchased his then-rundown Chatham Arch home in 2016, he had a big vision for its future. Built in 1910, the brick structure at 628 N. East St. is narrow and deep. Dominated by small rooms and a little galley kitchen, it needed a lot of work. Three original fireplaces were hidden […]
Central Indiana existing home sales continue downward slide
In Marion County—the most active market in central Indiana—closed sales of existing homes in September were down 16.1% on a year-over-year basis.
Indianapolis low-income housing agency hit by ransomware
Executive Director Marcia Lewis said an investigation by information technology security experts, law enforcement, and the agency’s IT service providers is underway, and the attack was still ongoing as of Wednesday.
Developer plans 94 homes on East 196th Street near Morse Reservoir
The Retreat at Morse development is expected to include attached single-family villas that would be built by Beazer Homes and cost an average of $400,000.
Three transit-oriented projects in line for city financing incentives
The Indianapolis City-County Council and Metropolitan and Economic Development Committee are considering tax-increment financing for three apartment developments that prioritize access to transit.
Ground broken on $50M McCordsville district
The overall, $50 million master development is receiving $8.5 million in public funding, including $3.5 million from the Indiana Regional Economic Acceleration and Development Initiative, or READI.
Average long-term U.S. mortgage rates continue to climb
The National Association of Realtors said Thursday that sales of previously occupied U.S. homes fell in September for the eighth month in a row.
Keystone planning $70M, 248-unit apartment complex in Fort Ben area
The Fort Harrison Reuse Authority has offered a 3.8-acre parcel of land to developer Keystone Group for $10 as an incentive to go ahead with the project.
Slowdown escalating for Indianapolis homebuilders
Single-family building permits have fallen on a year-over-year basis for the past nine months and in 12 of the past 14 months.
Rents accelerate most since 1990, keeping U.S. cost of living high
Overall shelter costs in the United States saw their biggest year-over-year increase since 1982.
Increasingly, perfect starter homes are only available for rent
The construction of tens of thousands of rental homes could help rebalance the broader housing market. But critics say build-to-rent arrangements are exacerbating long-simmering inequalities by making homeownership even more elusive.
U.S. mortgage rates up for 6th week, with 30-year at 6.7%
The beefier rates mark highs not seen in 15 years, before a crash in the housing market triggered the Great Recession.
Proposed south-side affordable housing complex receives $36M in state bonds, tax credits
The bonds and tax credits provided through the Indiana Housing and Community Development Authority are used to incentivize private developers to fund the acquisition, rehabilitation and construction of affordable housing communities.
City reaches $200K settlement over Towne & Terrace housing complex
Indianapolis officials said the agreement announced Thursday is expected to give the city more control of the crime-plagued housing complex.
Average U.S. long-term mortgage rates hit 15-year high
Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2007 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy.
Area homebuilders see 8th straight month of falling construction permits
Rising mortgage rates, supply-chain issues, increasing costs and limited lot availability are hampering the market, according to industry experts.
Sale of former DeHaan estate closes, sets state record at $14.5M
The price was the highest ever paid for a private estate in Indiana history, according to listing brokerage Encore Sotheby’s International Realty.