Mortgage rates slide to historic lows for third time this month
The 30-year fixed-rate average, the most popular mortgage product, sank to 2.66% with an average 0.7 point, according to the latest data released Thursday by Freddie Mac.
Residential Real Estate
Articles
Home sales, price increases in central Indiana continue torrid pace
Completed sales in the 16-county area increased 20.6% in November on a year-over-year basis, according to the latest data from the MIBOR Realtor Association.
Central Indiana homebuilders continue biggest year since 2006
Builders in the nine-county Indianapolis area filed 694 single-family building permits in November, up 47% from the same month of 2019.
On the Market: A modern house with a retro vibe in the Kennedy King neighborhood
The cozy, 4-bedroom house with midcentury modern flair is listed for $650,000 by Kelly Huff of F.C. Tucker Co.-Keystone at the Crossing.
City sets Wednesday deadline for pandemic rental assistance applications
The program, which opened in July to help tenants avoid eviction during the pandemic, has provided more than $26 million in federal money to more than 12,000 households.
Indiana Landmarks helping to preserve historic World’s Fair homes
When the National Park Services launched Indiana Dunes National Lakeshore, as it was known then, in the 1960s, it inherited a number of historic structures, including the World’s Fair homes.
On the Market: A French country home—with a basement basketball court—in Noblesville
Exquisite indoor and outdoor features mark this home listed by Jeff Kucic of Engel & Volkers for nearly $1.2 million.
Central Indiana homebuilders see biggest October since 2005
Area homebuilders have made 7,181 single-family building permit filings through the first 10 months of 2020. That’s already more than they’ve filed in any full year since 2007.
Home sales, prices in central Indiana continue recent tear
The median home price in the area reached $221,000, up 15.1% from a year ago when the median price was $192,000.
Carmel council changes public art procurement process, OKs zoning for Courtyards project
The Carmel City Council approved new rules Monday night to provide additional review of the city’s art purchases above $5,000. Ohio-based Epcon Communities also received the zoning approval it needs to build 149 age-restricted homes near Carmel High School.
Apartments planned for low-income residents on 38th Street would raze blighted structures
The $10M project, known as Broadway Park Apartments, would include two buildings with a mix of one- and two-bedroom units, plus a community-minded ground-floor tenant such as a workforce readiness program or health clinic.
High Alpha launches software firm for real estate teams
High Alpha on Tuesday announced the formal launch of its eighth company this year and its 20th since its founding in 2015.
Not-for-profit planning $12M pocket neighborhood in Whitestown
A not-for-profit that helps adults with developmental or intellectual disabilities live in homes of their own is planning to develop the neighborhood on one of three sites in Whitestown.
ON THE MARKET: Outside living space that balances formal, informal
The house—which is on the market for $749,900, listed by Matt McLaughlin at F.C. Tucker Company-Meridian North—features incredible formal gardens and paths with a large koi pond and waterfall.
Economist: Indiana might benefit as pandemic pushes people to flee big cities
Jeff Korzenik, chief investment strategist at Fifth Third Bank, said Thursday that homeowners and businesses have become more interested in locating in suburbs and mid-sized cities—a trend that could benefit the Indianapolis area.
On the Market: A craftsman-style home in Zionsville
Wood is the star in this $945,000, four-bedroom home on a 2-1/2 acre lot in Zionsville. The wooden beams, the paneling, the kitchen cabinets, the floors and the bar in the basement.
Developer scales down plans for massive west-side project after neighbors object
Updated plans for Tremont Town Center call for nine buildings (compared to the original 14) with about 450,000 square feet of office and retail space, plus senior housing, market-rate apartments and row houses.
On the market: A downtown penthouse with views that don’t stop
The condo at 429 N. Pennsylvania St. is listed by Derek Gutting with Keller Williams Indianapolis Metro North for $1.695 million.
Sizzling housing market shows no sign of cooling off going into 2021
“Indianapolis is one of the fastest-selling metros in the country,” said Chris Glynn, a senior economist at Zillow, a real estate website and research firm. “The typical home in Indianapolis is selling in five days or less.”
Home profile & gallery: Making space for art, books in Old Northside
Every wall, nook and corner features original art, almost all of it purchased from central Indiana artists or from the local artists in places where the couple vacationed, including Alaska and Bhutan, a Buddhist kingdom on the Himalayas.