41 Indiana cities getting $22.5M to modernize public housing
The Indianapolis Housing Agency will receive $2.6 million.
Residential Real Estate
Articles
Area home sales slumped in January after strong 2015
Sales of existing homes in central Indiana plunged nearly 10 percent in January as the number of properties on the market tumbled by an even greater percentage.
New-home buyers start off 2016 just like last year
Builders in the nine-county area filed the same number of single-family construction permits last month as they did in January 2015.
Preservationist group lauds developer’s decision to save building
The firm that’s building 30 apartments near the Madame Walker Theatre is integrating the Willis Mortuary building into the project after initially planning to demolish it.
Apartment boom starts losing steam
Thousands of apartments have been built downtown in recent years to satisfy a voracious appetite for more rental housing in the city’s core. But demand for new apartments in the Indianapolis area finally appears to be softening.
Mapleton-Fall Creek to pilot veterans housing initiative
The neighborhood north of downtown is partnering with the Department of Veterans Affairs to help build four homes for military families.
Westfield hears landowner group’s conservation proposal
A citizen-led task force is trying to protect more than 3,000 acres in the southwest corner of Westfield from future high-density development.
Judge rules on residents’ challenge to $10M Ransom Place project
The three residents of the historic downtown neighborhood objected to the apartment project, claiming it was too big and suggesting race might have played a role in its approval. A Marion Superior Court judge disagreed.
Crowded by Mass Ave, Chatham Arch exploring permit parking
A surge of activity in the Mass Ave area is spilling over into the historic neighborhood that’s now considering whether to restrict parking on its streets.
U.S. home purchases rebound as 2015 sales reach 9-year high
Steady job growth and low mortgages drew more buyers into the market, causing both sales and prices to climb steadily.
Developer plans $30M urban-style apartment project in Plainfield
Cityscape Residential hopes to break ground in the spring on the 306-unit development, which would be within walking distance of the Shops at Perry Crossing.
Indy-area home sales rebounded in 2015
Sales of existing homes in the nine-county area experienced their most robust performance since before the Great Recession, while prices continued to rise, F.C. Tucker said Wednesday.
Area home builders see fourth straight year of rising sales
Home builders in the nine-county metropolitan area saw a surge in buyers in December, helping 2015 turn out to be a positive year for local home construction.
Bill targets homeowners in revitalized neighborhoods
An Indianapolis woman is advocating for state legislation that would provide property-tax relief for longtime homeowners in designated distressed areas.
No relief in sight for shortage of affordable housing in area
Marion County is suffering from a severe shortage of affordable housing and the inventory is not expected to increase anytime soon. The most popular financing option to help build affordable housing projects is so limited that only a small fraction of the developments get built.
U.S. home-sale agreements show November slide
Fewer people signed contracts to purchase homes in November, as the real estate market appears to have cooled after sales gains for much of 2015.
U.S. existing home sales tank in November
The introduction of a new disclosure form in October likely prevented many homebuyers from closing on sales in November. Home values are also rising at more than double the pace of wages.
Ransom Place residents mount court challenge to stop project
Three residents have taken the unusual step of asking a Marion County judge to block the $10 million development, arguing it’s too big for the neighborhood.
Indy-area home deals slide for eighth straight month
Home sales in November tumbled 11.1 percent in Marion County, from 866 homes to 770. Hamilton County, the area’s second-largest market, saw a similar decrease, with an 11.3 percent drop.
Area home builders see tiny dip in monthly sales
December will be the key month in determining whether 2015 turns out to be an overall year of growth for area home builders.