Interest rates have been cut, but mortgage rates are rising
The Fed’s move to start cutting rates has not sent mortgage costs down. Instead, the 30-year fixed-rate mortgage has ticked up for the last five weeks.
Residential Real Estate
Articles
Gravel pit operator’s expansion plan rejected again
Beaver Materials last year was granted a variance by the Noblesville Board of Zoning Appeals to dig a 68-acre gravel pit on land that is zoned residential near the intersection of East 161st Street and Cherry Tree Road.
Applications for new homes continue to surge in central Indiana
Central Indiana residential builders are on pace to have one of their busiest years since the homebuilding boom that took place before the Great Recession.
U.S. home sales slow to weakest annual pace in nearly 14 years
Despite the slower sales pace, home prices increased on an annual basis for the 15th consecutive month.
Housing starts ease nationally on decline in multifamily construction
U.S. housing starts slowed in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
Noblesville City Council OKs $250M development near Morse Reservoir with 650 homes
Indianapolis-based developer LOR Corp. plans to build the 175-acre Morse Village on the north side of Noblesville at the intersection of East 206th Street and Hague Road.
Central Indiana existing-home sales rise for third time in past six months
Declining mortgage rates and more inventory led to a positive month for existing-home sales in central Indiana in September, according to the latest data from the MIBOR Realtor Association.
Indianapolis takes cue from South Bend on infill housing
Indianapolis planners are trying to streamline the process for developers to build multi-unit affordable-housing options on vacant city-owned lots.
Q&A: Carmel native builds company by building community
How has Old Town Design Group consistently grown in spite of real estate market disruptions? And what is its plan for the future? Co-founder Justin Moffett addressed those and other questions.
City commission approves abatement for Angi building apartment conversion
Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.
Luxury apartment complex at Westfield’s Chatham Hills nears completion
Missouri-based Mia Rose Holdings is developing the 250-unit The James at Chatham Hills on 21 acres in Westfield, marking the company’s entry into central Indiana.
Owner of former Anthem HQ lists building on Monument Circle for sale
Listing the property for sale is a marked change from a years-long strategy of only looking for tenants to lease the sprawling, 213,600-square-foot office building.
Carmel-based real estate tech firm Realync acquired
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.
Ohio company expands ‘Courtyards’ offerings aimed at 55-plus in northern suburbs
The communities offer ranch-style houses with open floor plans ranging from about 1,500 to 4,000 square feet, individual private courtyards and two-car garages.
Residential Real Estate: Marketplace stats for Sept. 27, 2024
In August, 992 homes were sold or pending in the Indianapolis metro area, according to Rocket Homes. That’s 11.3% fewer than were sold or pending in July.
Holladay Properties plans $21.4M conversion of downtown Angi building
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
Two Chicks District Co. store closing in Noblesville
Sunday is planned as the final day of operations at the Two Chicks District Co. store founded by “Good Bones” star Mina Starsiak Hawk.
Applications for new homes rise for 14th straight month in central Indiana
Led by big surges in applications in Hancock and Johnson counties, demand for new homes in the Indianapolis area continued to grow in August.
Developer planning 186-home community next to golf course in Westfield
Carmel-based Old Town Cos. is looking to build the residential development in Westfield adjacent to Wood Wind Golf Club, which the city plans to purchase and turn into a municipal golf course.
For home shoppers, Fed’s big rate cut is small step toward affording a home
While lower rates give home shoppers more purchasing power, a mortgage around 6% is still not low enough for many Americans struggling to afford a home.