Justice Department accuses six major landlords of scheming to keep rents high
The complaint alleges the landlords participated in an unlawful scheme to decrease competition among landlords in apartment pricing, harming millions of American renters.
Residential Real Estate
Articles
Average rate on 30-year U.S. mortgages hits highest mark since July
Interest rates have been climbing since the Federal Reserve signaled last month that it expects to cut its benchmark rate just twice this year, down from the four cuts it forecast in September.
Report shows more than 1,800 heirs’ properties without clear titles in Marion, Allen counties
The new report by the Federal Home Loan Bank of Indianapolis and Black Onyx Management found more than 1,800 heirs’ properties — land or property passed down among family members without a formal will or estate plan after the owner’s death — collectively valued at more than $258 million in Marion and Allen counties.
Jimmy Carter helped put Habitat for Humanity ‘on the map’
Habitat for Humanity went from helping a few thousand people a year when Carter started working with the group in the late 1970s to helping 7.1 million people in 2022.
Applications for new homes still surging in central Indiana
Single-family building permits in the nine-county area have risen on a year-over-year basis for 17 straight months.
Marion County foreclosures on the rise, new report finds
Rising home prices and interest rates, higher insurance premiums and other factors are putting more homeowners under extreme pressure to keep up with payments, according to the report.
Average 30-year mortgage rate climbs to 6.85%, highest since July
While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market remains in a slump and on track for its worst year since 1995.
Hickory Junction’s next phase to include 450-plus housing units, commercial space in Lebanon
Card & Associates is making plans to grow Hickory Junction, which already includes the $31 million Farmers Bank Fieldhouse and two planned hotels.
Central Indiana existing-home sales slipped slightly last month
Prior to November, area sales had risen in four of the previous seven months on a year-over-year basis following a 26-month streak of declining sales.
$110M residential project in works near battery plants
The project, known as The Hub District, is expected to include town houses, retail space, a hotel and more than 500 apartments on a 26-acre site.
Plan for 650 homes near Morse Reservoir in Noblesville faces resident opposition
Nearly 20 people expressed those worries Tuesday night to members of the Noblesville City Council during a public hearing about a zoning change that would allow development of the 175-acre Morse Village.
City of Carmel reaches settlement with business in short-term property rental dispute
The lawsuit, filed in July, claimed the company was illegally operating a short-term rental property on Singletree Court.
Florida-based company ordered to cease business in Indiana following AG lawsuit
MV Realty was accused of conducting an aggressive and illegal robocalling and telemarketing operation targeting homeowners in Indiana.
Applications for new homes jump 29% in central Indiana
Only one county in the nine-county Indy area reported a year-over-over decrease in single-family building permit filings in October.
Pair of apartment projects in works along MLK in downtown’s northwest quadrant
The developments, known as The Kennedy and The Chloe, will offer market-rate and workforce housing options for residents near IU Indianapolis and IU Health’s $4.3 billion hospital campus.
Indy man, housing advocacy group file suit against Tricon Residential
The lawsuit alleges that the company’s blanket ban on renting to those with prior felony convictions and eviction filings constitutes racial discrimination.
Lennar seeks to build 168 homes at former Balmoral Golf Club in Fishers
The homebuilder has an $80 million plan to build 66 single-family houses and 102 town houses on 44 acres between Allisonville Road and Indianapolis Metropolitan Airport.
$8M townhouse development planned for north-side brownfield
The 20-unit townhouse project will consist of six buildings just south of 22nd Street, across from the development group’s M22 apartment project.
Central Indiana existing-home sales surge 9%, inventories grow
Sales have now risen in four of the past seven months on a year-over-year basis following a 26-month streak of declining sales.
Rokita investigating illegal immigrant surge, potential labor trafficking in 3 Indiana cities
Indiana Attorney General Todd Rokita has opened investigations into several nonprofits, government agencies and businesses, with his office alleging that an influx of migrants has created housing and possible labor trafficking issues in Evansville, Seymour and Logansport.