Existing home sales continue dismaying trend
Figures for May add to evidence that about 14 percent fewer homes are selling this year in the nine-county area compared with the same point in 2013. But sale prices still are on the rise.
Residential Real Estate
Articles
Remodelings might await boomers wanting to stay in their homes
Many homes will be difficult for aging boomers to navigate without changing doors, bathrooms, hallways and kitchens.
Housing developer hopes farm hooks new residents
A growing number of housing developers thinks farms, rather than golf clubs, are the perfect hook to lure residents. The first to experiment with the concept in central Indiana is Mike Higbee of Central Greens LLC, with his Seven Steeples Farm on the site of the old Central State Hospital.
Tiny Sheridan girds for inevitable growth
The tiny Hamilton County community is mindful of sprawl in Carmel and Fishers, and is determined to absorb growth on its own terms.
Herman & Kittle plans $28M downtown apartment project
The Indianapolis developer plans to build 211 units at the southeast corner of College and Maryland Street. Meanwhile, the owner of a building across the street that last housed a sporting goods store is accepting bids on the property.
Council to consider citywide landlord registry
Indianapolis landlords would have to register with the city by Jan. 1 or face a $500 fine under a proposal that will be introduced to the City-County Council on Monday night.
Pedcor angling for $16M subsidy for City Center expansion
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
Developer plans housing on former Carmel golf course
Carmel-based Old Town Development LLC is planning to transform the former Sunrise Golf Club into a residential community targeting empty nesters.
Indiana cities getting money to fight urban blight
Indianapolis, Lawrence, Gary and two other Indiana cities have received a total of about $15 million to help eliminate blighted and abandoned homes.
Former real estate broker faces felony charges
The Marion County prosecutor’s office said David Garden was charged with corrupt business influence, 11 counts of forgery and 15 counts of theft.
Aging suburbs facing long road back
Poverty is encroaching on the outer townships of Marion County, adding to their handicap in the competition with doughnut counties, where houses are newer, and sidewalks, sewer connections and bike paths come standard.
Existing-home sales sink for eighth straight month
Home-sale agreements dropped nearly 20 percent in the nine-county Indianapolis area in April. Home prices continued to rise as inventories shrank.
Homebuilders see third straight month of rising demand
On a year-over-year basis, home-construction permit filings in the nine-county area have risen in 13 of the last 16 months.
Luxury Clearwater apartment complex on market
82 Flats, which opened last year and is 95-percent occupied, could fetch $35 million for its developer, Cityscape Residential, formerly known as Hearthview Residential.
Mortgage rates sink to 2014 low
Warmer weather has yet to boost home-buying as it normally does. Rising prices and higher rates have made affordability a problem for would-be buyers, while many homeowners are reluctant to list their properties for sale.
Flaherty becoming mixed-use master
Developer’s Flaherty & Collins is gaining a reputation developing trendy projects, the latest of which is a 28-story retail and residential tower on the site of the former Market Square Arena.
City cites apartments for hundreds of violations
Five local apartment complexes and one owner of multiple rental properties were accused of unreasonably consuming city, public, and law enforcement resources.
Council advances smoke-detector requirement
Indianapolis homeowners and landlords would have to buy smoke detectors with non-removable, non-replaceable batteries under a proposal that’s advancing through the City-County Council with bipartisan support.
Sales of U.S. existing homes sink to 20-month low
The sharpest sales increase occurred among homes priced at $1 million or above. Sales fell in nearly every other price group.
Removing false homestead exemptions to yield bonanza
Marion County stands to receive tens of millions of dollars from property owners who’ve been claiming false homestead deductions when this spring’s tax bills are collected.