Area home construction permit filings rise for 4th month in row
Six of the area’s nine counties saw a year-over-year increase in single-family building permit filings in October.
Residential Real Estate
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U.S. home sales slumped to slowest pace in more than 13 years in October
Surging mortgage rates and rising prices are keeping many prospective homebuyers on the sidelines.
Plan for Whitestown junkyard site redevelopment causes concern for residents, councilors
Indianapolis-based Milhaus plans to build a 125-room hotel, a 228-unit apartment development and 75-for-rent townhouses in the initial phase of the redevelopment.
Sales of existing homes in Indy area fall for 21st consecutive month
Meanwhile, the median sales price for a house in the 16-county area in October jumped 3.9%, to $299,000, from the same month a year ago.
Indiana cities dishing out thousands of dollars to get out-of-state workers to relocate
Hundreds of families have already participated in the MakeMyMove program and now call Indiana home.
IBJ Podcast: From humble beginnings, apartment developer built $500 million firm in 10 years
Eric Garrett grew up in Evansville below the poverty line. In the latest edition of the IBJ Podcast, he discusses launching The Garrett Cos. from a barn in his backyard in Greenwood and the strategy that created the 37th largest private company in Indiana in less than 10 years.
Share of U.S. homes bought with cash hits highest level in nearly a decade
Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash.
Carmel condo at top of City Center could fetch up to $7.5M
The SkyPalace has five bedrooms, a room with three bunk beds, a rooftop pool, eight parking spots, three private entrances, two hidden passages, a safe room, a sauna, three fire pits, three outdoor grilling areas and a bar.
RH sets opening date for store, restaurant at former DeHaan estate
The public will be able to shop seven days a week at the previously gated 41,762-square-foot mansion known as Linden House.
Developers eyeing renters, not buyers, for new communities
Build-to-rent houses are typically built as a master-planned community with 100 to 200 houses, average monthly rents of around $2,000, and amenities.
High-end Proscenium apartment property in Carmel changes hands
A 196-unit mixed-use apartment and retail development in Carmel has been sold in a deal brokers called one of the most notable—and complex—sales of the year in the metropolitan area.
Drake apartments property receives five proposals for reuse
The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.
Jury awards $1.8 billion in Realtor case, finds groups conspired to inflate commissions
The decision involves a sale’s commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.
Townhome project proposed along Monon Trail on near-north side
The project would consist of 42 single-family attached homes in the Martindale-Brightwood neighborhood.
Indianapolis-area home construction permit filings surge 59%
For the first time since March 2021, every Indianapolis-area county reported growth in single-family building permit filings.
Developer planning townhouse development on west side of Noblesville
Indianapolis-based Platinum Properties Management Co.’s plans call for the Westbrook townhouse community to be built on 19 acres on the northeast side of the intersection of Moontown Road and Castamere Drive.
Lennar Homes planning 85 new homes on northeast side of Lebanon
Liberty Village is the most recent housing development planned in Lebanon, which has approved about 800 new homes this year.
Prices for existing central Indiana homes still rising amid sinking sales
Sales of existing homes in the 16-county area have fallen for 20 straight months.
Construction begins in Noblesville on $39M luxury apartment building for seniors
The project is HighGround’s third age-restricted luxury apartment development in Hamilton County following GrandView, which is under construction in Westfield, and CityView, which is planned in Fishers.
Rapid change on near-north side continues with $45M housing development
The Stella, when completed, will provide 166 new, mixed-income housing units and retail space in the 1800 block of North Meridian Street. A groundbreaking for the project took place Wednesday.