Contracts to buy homes decrease nationally
Sales have been slowed by a mix of meager wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
Residential Real Estate
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Area home-construction permit filings tick up
Filings in the nine-county metro area have shown slight year-over-year improvement in four of this year’s six months.
U.S. home construction drops 9.3 percent in June
U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.
Indy home sales likely slowing to ‘new normal’
Home-sale agreements tumbled 14.9 percent in the nine-county Indianapolis area in June, the tenth straight month deals have decreased, according to F.C. Tucker Co.
Study: U.S. millennials buying homes later in life
The number of first-time homebuyers in May was near record lows at 27 percent, versus a historic average of 40 percent.
Seventy-lot subdivision slated for Fort Harrison property
The proposed Residences of Lawrence at Fort Ben subdivision would be the first single-family project on the former army base since it closed in 1995.
Excise police warn retirement home about social-hour alcohol
Indiana excise police told Meadowood Retirement Community that it could no longer serve its residents alcohol without a state liquor license from the Indiana Alcohol and Tobacco Commission.
Butler to build new residence hall, parking garage
The projects are part of a larger plan to add more student housing, possibly construct a larger facility to house the university's business school and renovate existing academic buildings.
Northern suburbs see blitz of apartment construction
Growing demand for high-end, low-maintenance living is fueling an apartment-building boom in Indianapolis’ northern suburbs—and raising concerns among some leaders about the risks of adding too much too fast.
Duo creating waves in older Indy neighborhoods
A Realtor and builder are buying north-side homes to be overhauled and sold for big prices, dividing neighbors over the value of gentrification.
Carmel developer sinks $66M into four senior communities
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
Multifamily projects abound in Chatham Arch, Lockerbie
The four projects, one of them condominiums, would add nearly 280 units within about a four-block stretch from East Michigan Street north to Massachusetts Avenue.
At-Home Quarterly Marketplace
See the prices Indianapolis-area houses are selling for along with the most expensive recent sale, and a map of where people born out of state are most likely to live.
Mansion restoration is dream come true for new owners
David and Alice Berger have sank more than five years of effort into bringing the former Lacy property back to its industrial era grandeur.
Home buyer tastes have shifted since housing bust
Old standbys are have been replaced by new features and colors. The changes range from rooms to styles.
Democrats want more cops living in tough neighborhoods
A proposal unveiled today would allow officers to live rent-free in new or refurbished houses and then allow the officers to buy the homes.
Sales of U.S. existing homes up 4.9 percent in May
Sales of previously owned U.S. homes posted the best monthly gain in nearly three years in May, providing hope that housing is beginning to regain momentum lost over the past year.
Cottage Home neighborhood attracts another single-family housing project
A local developer plans to build 14 houses in the up-and-coming neighborhood as part of a project that could include a two-story mixed-use development along East 10th Street.
Estate in rural Indiana priced at $8M could be tough sell
Carriage Manor Estate is like one of those houses you see on TV shows documenting the high life of the rich and famous — except it's not located in Beverly Hills, New York or even Indianapolis.
Area home-construction permit filings flatten out
Homebuilders filed 530 single-family building permits in the metro area in May. That’s exactly the same number of permits that were filed in May 2013. Local construction numbers were better than national figures.