High-end homes enjoy golden sales year
Home sales of $1 million or more in the Indianapolis area have skyrocketed 143 percent since 2012. Last year, nearly 150 such homes were sold, compared to only 61 five years ago.
housing market
Articles
Hamilton County officials leery of new homes with lower price points
If homes don’t have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
PulteGroup amasses 270 acres in Plainfield to build homes
PulteGroup is embarking on a large residential development in Plainfield that provides one of the clearest signals yet that the local housing market is on the mend.
Builders Estridge and Davis rebound from bust, run own firms again
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
Home builders race to meet demand
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.
Stonegate Mortgage IPO a test of housing recovery
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.
Area home sales creep up after faltering in July
The 3-percent bump last month was cause for relief after pending agreements in July broke a two-year streak of gains.
Housing market strong in the northern ‘burbs
Halfway through the year, home sales are up in Hamilton and Boone counties. So are average purchase prices. Get the details.
Growth in area home sales hits March slowdown
The 1.2-percent improvement last month followed healthier jumps of 17.2 percent in January and 8.1 percent in February.
Will suburban apartment market stay hot?
Marah Development’s plans for a 491-unit multifamily housing project in Noblesville’s Corporate Campus aren’t surprising, given the red-hot apartment market in central Indiana.
Delta Faucet yet to bounce back from housing crash
Employment has held up at the company's Indianapolis headquarters. But the work force at its Greensburg factory has been decimated.
Area home sales rose 8.1 percent in February
Purchase agreements for existing homes totaled 2,034 in February, up from 1,882 in the same month a year earlier, Indianapolis-based real estate agency F.C. Tucker Co. Inc. reported.
Other news: From Allison’s IPO to Lugar’s defeat
Politics and real estate helped round out 2012’s news of note.
REWIND: IBJ’s top 10 business stories of 2012
The state's labor landscape changed, and the housing market improved. Indianapolis basked in the glow of a flawless Super Bowl, and big-name CEOs were shown the door. IBJ's reporters and editors recall the year's biggest stories.
TAFT: Resurrecting Indy’s urban housing market
The recession affected some older Indianapolis neighborhoods differently than it did the larger metro area housing market, with areas of Marion County taking particularly hard hits.
Area sees June dip in residential building permits
Home builders filed fewer building permits in the nine-county Indianapolis area last month, but filings are still up through the first six months of 2012.
New-home construction off to mild start
Building permits filed in the nine-county Indianapolis metropolitan area totaled 194 in January, a 2-percent dip from the same time last year. But industry leaders are cautiously optimistic.
Wheaton acquiring residential mover Bekins
Wheaton World Wide Moving is buying the nation’s oldest and one of its largest household movers, Bekins Van Lines. The deal is expected to bring 38 jobs to Wheaton’s northeast-side headquarters.
Falling home inventory suggests market is firming up
About 12,000 homes were listed for sale at the end of December in the nine-county central Indiana market, a roughly 18-percent drop from a year earlier.
Central Indiana home sales rise for first time in a year
Sales in the Indianapolis area rose 32 percent last month compared with the same time a year ago, reversing a year-long slump in the residential market. But May 2010 home sales were down dramatically after the expiration of a special federal tax credit.