Home Sales

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Old standbys are have been replaced by new features and colors.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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Strong year for home sales ends on 4-month skid

January 14, 2014
Mason King
Home-sale agreements in central Indiana plummeted 18.6 percent in December, as the market continued a downward trend.
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Homebuilders see second straight drop in permit filings

December 17, 2013
 IBJ Staff
Despite the monthly decline, year-to-date permit filings are up 18 percent over 2012. This year's number through 11 months has already exceeded 2012's full-year total.
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Area home sales fall for third straight month

December 16, 2013
 IBJ Staff
Although area sales of existing homes are up 15.4 percent through the first 11 months of the year, the trend has reversed in recent months. Year-over-year sales have fallen in four of the last five months.
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Indianapolis-area home sales take nosedive

November 14, 2013
 IBJ Staff
Although area sales are up 16 percent through the first 10 months of the year, the trend has slammed into reverse in recent months amid higher mortgage rates and tighter inventories.
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Tireless agent Bif Ward closing in on $1B milestoneRestricted Content

November 2, 2013
Scott Olson
For 34 years, Ward has been selling homes in the Indianapolis area, often to the city’s elite, racking up 12-hour days during her busiest times.
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Area home sales show signs of cooling off

October 14, 2013
 IBJ Staff
Home-sale agreements in central Indiana fell for the second time in three months in September amid higher mortgage rates and tighter inventories.
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Boomers face downsizing dilemma in IndianapolisRestricted Content

September 28, 2013
Norm Heikens
Changing tastes, economic uncertainty could crimp sale prices for boomers wanting to move into smaller quarters.
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Stonegate Mortgage IPO a test of housing recoveryRestricted Content

September 28, 2013
Chris O'Malley
Stonegate Mortgage—potentially the first company in Indianapolis to go public since ExactTarget in 2012—plans to entice investors with a nationwide expansion, a diversified income stream, and the prospect that federal reforms will benefit such loan aggregators.
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U.S. home sales hit six-year high, but could slow soon

September 20, 2013
Associated Press
August sales reflect contracts signed in June and July, when mortgage rates were rising steadily. A Realtors group cautioned that buyer traffic dropped off significantly in August. That points to fewer sales in the fall.
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Area home sales creep up after faltering in July

September 16, 2013
 IBJ Staff
The 3-percent bump last month was cause for relief after pending agreements in July broke a two-year streak of gains.
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New homebuilders take root in Indy after downturn

August 31, 2013
Scott Olson
Out-of-state builders scooped up lots during the housing downturn, and now are watching their gambles pay off as they become major local players.
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  1. President Obama has referred to the ACA as "Obamacare" any number of times; one thing it is not, if you don't qualify for a subsidy, is "affordable".

  2. One important correction, Indiana does not have an ag-gag law, it was soundly defeated, or at least changed. It was stripped of everything to do with undercover pictures and video on farms. There is NO WAY on earth that ag gag laws will survive a constitutional challenge. None. Period. Also, the reason they are trying to keep you out, isn't so we don't show the blatant abuse like slamming pigs heads into the ground, it's show we don't show you the legal stuf... the anal electroctions, the cutting off of genitals without anesthesia, the tail docking, the cutting off of beaks, the baby male chicks getting thrown alive into a grinder, the deplorable conditions, downed animals, animals sitting in their own excrement, the throat slitting, the bolt guns. It is all deplorable behavior that doesn't belong in a civilized society. The meat, dairy and egg industries are running scared right now, which is why they are trying to pass these ridiculous laws. What a losing battle.

  3. Eating there years ago the food was decent, nothing to write home about. Weird thing was Javier tried to pass off the story the way he ended up in Indy was he took a bus he thought was going to Minneapolis. This seems to be the same story from the founder of Acapulco Joe's. Stopped going as I never really did trust him after that or the quality of what being served.

  4. Indianapolis...the city of cricket, chains, crime and call centers!

  5. "In real life, a farmer wants his livestock as happy and health as possible. Such treatment give the best financial return." I have to disagree. What's in the farmer's best interest is to raise as many animals as possible as quickly as possible as cheaply as possible. There is a reason grass-fed beef is more expensive than corn-fed beef: it costs more to raise. Since consumers often want more food for lower prices, the incentive is for farmers to maximize their production while minimizing their costs. Obviously, having very sick or dead animals does not help the farmer, however, so there is a line somewhere. Where that line is drawn is the question.

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