San Francisco-based Opendoor and Phoenix-based Offerpad both announced in recent weeks that they were bringing their internet-driven real estate services to homeowners in central Indiana. They allow homeowners to request a cash offer on their homes—usually available within 24 hours.
Three veteran real estate agent teams retained the top three places in IBJ’s All-Star team rankings, with Dennis Nottingham’s Indy Home Pros Team claiming the No. 1 spot. Jennil Salazar of RE/MAX Ability Plus made it a three-peat as the top IBJ All-Star solo agent.
The court’s action late Thursday ends protections for roughly 3.5 million people in the United States who said they faced eviction in the next two months.
Lawmakers approved $46.5 billion in rental assistance earlier this year, but only $5.1 billion had been been distributed by states and localities through July.
So far this year, 6,539 single-family building permits have been filed in the Indianapolis area, up 39% over the first seven months of 2020.
Smaller landlords with fewer than four units, who often don’t have the financing of larger property owners, were hit especially hard by the pandemic, with as many as 58% having tenants behind on rent, according to the National Association of Realtors.
Meanwhile, inventories in the 16-county Indianapolis area remained tight and prices continued to escalate.
The city’s IndyRent program—which launched last July with $15 million in funding and eventually grew to $96 million—has so far pushed out $53 million in rent payments to landlords of those seeking rental assistance.
While selling a house in a hot market might seem easy, there’s actually some risk, uncertainty and often inconvenience on both sides of a transaction.
Rents are rising, buoyed by strong demand as U.S. home prices push to new highs, leaving many would-be buyers no choice but to rent.
In the window between the end of the previous moratorium on evictions and the issuance of the current ban, 486 eviction cases were filed in Indiana from Aug. 1 through midday Aug. 4, according to data from the Indiana Supreme Court.
Plat Collective’s ownership and core services will largely stay the same under @properties’ banner, but co-owners Mark Nottingham and Rex Fisher hope the national brokerage’s technologies will allow them to expand in central Indiana.
Speaking at the White House on Tuesday, President Joe Biden was uncertain whether the new moratorium could withstand lawsuits about its constitutionality.
Congress approved $10 billion in federal assistance to help homeowners pay off debt, but the program is moving so slowly that protections are expiring before states have figured out how to distribute the money.
More than 51,000 eviction filings have been made in Indiana during the pandemic, including nearly 16,000 in the Indianapolis metropolitan area, according to Indiana Legal Services.
A House panel convened to consider emergency legislation to extend the ban, which expires Saturday, through Dec. 31. But approving an extension would be a steep climb in the narrowly-split Congress.
The Noblesville City Council voted unanimously this week to approve a list of 80 parcels between River Road and 11th Street that it will need to temporarily, partially or wholly acquire for the first phase of the $113 million project.
As of July 5, roughly 3.6 million people in the U.S. said they faced eviction in the next two months, according to a U.S. Census Bureau survey.
So far this year, 5,710 single-family building permits have been filed in the area, up 46% over the first six months of 2020.
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
