Sales of existing homes take November slide
The number of sale agreements for existing homes in the nine-county area in November fell 2.8 percent. A shrinking inventory led to higher sale prices.
Residential Real Estate
Articles
Flaherty & Collins plans Kokomo apartments aimed at commuters
The Indianapolis-based developer has attracted city and state subsidies to build an upscale apartment development in Kokomo that will cost more than $20 million.
Fishers group snags $2.4M grant for assisted living project
The federal funding will enable AHEPA to convert 24 of 74 units at an area apartment complex into assisted-living housing for low-income disabled seniors.
Three village hubs marked for investment
Great Places 2020 targets intersections that can anchor city’s next walkable villages.
Old school buildings would get new lives under developer’s plans
TWG Development is converting the former Lawrence Central High School into senior apartments and is seeking tax credits to do the same to schools on College Avenue and Lafayette Road.
Area home sales stabilize after rough year
The number of home-sale agreements for the nine-county area in October rose a grand total of two from 2,170 in the same month last year. Sale prices, however, made strong strides.
West Clay legal tangle halts land sales
Last year’s residential building boom in the Village of West Clay has proven to be short-lived, as an ongoing dispute between the developer and its lenders halted land sales in the upscale Carmel neighborhood.
Area homebuilding permits make October jump
Marion County saw a 51-percent surge in permits in October, from 51 to 77. The county is 9 percent ahead of last year’s pace, with 689 filings during the first 10 months of the year.
Milhaus redeveloping Fletcher Place building for HQ
The apartment developer will spend $2.5 million to rehab the vacant building along Virginia Avenue as part of a project that will include 2,400 square feet of retail space.
Investments pick up in Holy Cross neighborhood
Decades-old barriers to development are beginning to fall in Holy Cross, attracting more residential and commercial construction.
Broad Ripple project gets green light from court decision
The developers of the $30 million apartment-and-retail project on the Central Canal are prepared to move forward now that the Indiana Court of Appeals has dismissed a challenge to the development.
U.S. home sales eke up in September, credit stays tight
Average 30-year mortgage rates have tumbled below 4 percent, but it remains difficult to qualify for financing.
Rise in home prices in U.S. beats estimates
U.S. home prices rose more than economists estimated in August as employment growth fueled demand for housing.
Home once occupied by Army brass now houses local movers, shakers
Former officers quarters at Fort Benjamin Harrison transformed into home for Pence lieutenant, CIB chief
Simon estate is the latest challenging home listed for sale
If prior sales of expensive one-of-a-kind homes are any guide, the Carmel estate owned by Bren Simon will be difficult to sell for anything near its asking price of $25 million.
New rules adopted in hopes of spurring home loans
With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market.
Cutillo ramrods entrepreneurship at Stonegate
Jim Cutillo, co-founder of the fast-growing mortgage company, pushes with military intensity.
Area home sales snap year-old losing streak
Central Indiana ended a one-year slump in home sales in September, recording its first monthly increase in home-sale agreements since August 2013.
Area homebuilding permits up slightly in September
Permit filings for home construction in central Indiana increased 1 percent in September, marking a small jump following two months of declining activity in the local homebuilding market.