Home Sales

U.S. home sales snap 4-month streak of gains

September 22, 2014
Associated Press
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
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Indy housing market stumbles to glum milestone

September 15, 2014
Mason King
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
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Bank to give homebuyers $15K for down payments

September 5, 2014
Jared Council
Wells Fargo is unveiling a $4.5 million program in Indianapolis that would provide a huge chunk of up-front money for eligible homebuyers.
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Simon estate in Carmel hits market for $25 million

September 2, 2014
Mason King
The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.
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New U.S. homes sales fall unexpectedly to 4-month low

August 25, 2014
Bloomberg News
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
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Wynkoop is top real estate agent in 2014

August 23, 2014
Scott Wynkoop placed first among all-star agents a third year in a row.
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At-Home Quarterly MarketplaceRestricted Content

August 23, 2014
Look here for statistics on Indianapolis-area home sales, the most expensive local sale, and a map showing population density.
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Central Indiana home sales continue to trail 2013

August 18, 2014
 IBJ Staff
Home-sale agreements declined 13.8 percent in the nine-county area in July, the 11th straight month deals have decreased.
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Area homebuilding permit filings down in July

August 13, 2014
Permit filings for home construction in central Indiana fell 5 percent last month, the first decline the market has seen since January.
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Second city Land Bank defendant pleads guilty

August 6, 2014
Cory Schouten
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
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Contracts to buy homes decrease nationally

July 28, 2014
Associated Press
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.
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Indy home sales likely slowing to 'new normal'

July 16, 2014
 IBJ Staff
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.
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Study: U.S. millennials buying homes later in life

July 15, 2014
Associated Press
The number of first-time homebuyers in May was near record lows at 27 percent, versus a historic average of 40 percent.
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Home buyer tastes have shifted since housing bust

June 28, 2014
Scott Olson
Old standbys are have been replaced by new features and colors. The changes range from rooms to styles.
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At-Home Quarterly Marketplace

June 28, 2014
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.
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Sales of U.S. existing homes up 4.9 percent in May

June 23, 2014
Associated Press
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.
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Area home-construction permit filings flatten out

June 17, 2014
 IBJ Staff and Associated Press
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.
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Existing home sales continue dismaying trend

June 16, 2014
 IBJ Staff
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.
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Existing-home sales sink for eighth straight month

May 14, 2014
 IBJ Staff
Home-sale agreements dropped nearly 20 percent in the nine-county Indianapolis area in April. Home prices continued to rise as inventories shrank.
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Sales of U.S. existing homes sink to 20-month low

April 22, 2014
Associated Press
The sharpest sales increase occurred among homes priced at $1 million or above. Sales fell in nearly every other price group.
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Existing-home sales slide for seventh straight month

April 16, 2014
 IBJ Staff
Home prices rose, however, as inventory dwindled. The average area home price in March was $161,191, an increase of 6.1 percent compared with the same month of 2013.
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Expensive homes selling quickly in Indianapolis areaRestricted Content

March 29, 2014
Pricier houses are vanishing from the market faster than less-expensive homes due to a temporary bottleneck caused by rising demand and a slow recovery by builders.
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Home-sale agreements continue disappointing trend

March 17, 2014
Pending home sales in the nine-county area slid 22.8 percent in February compared with the year-ago period. That was only a slight improvement from the 31-percent fall recorded in January.
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Central Indiana home sales start year on chilly note

February 17, 2014
Scott Olson
Home-sale agreements plummeted 31 percent in January, likely due to the record snowfalls and cold temperatures.
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Lilly Endowment awards $6.3M to Indy housing group

January 20, 2014
 IBJ Staff
The Indianapolis Neighborhood Housing Partnership will use the funds to help qualified residents purchase homes and revitalize their neighborhoods.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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