Fishers passes rental home cap, while Carmel introduces its own
The Fishers City Council voted 9-0 to approve the proposed ordinance, which would cap the percentage of single-family rental houses. Meanwhile, Carmel began considering its own plan.
The Fishers City Council voted 9-0 to approve the proposed ordinance, which would cap the percentage of single-family rental houses. Meanwhile, Carmel began considering its own plan.
The plan calls for limiting the percentage of single-family rental units per subdivision to 10%, but it would grandfather in existing rentals.
Closed existing-home sales in the 17-county area fell for the fourth time in five months in March, but sales prices continue to climb.
Closed existing-home sales in the 17-county area fell for the third time in four months in February, but sales prices continue to climb.
More than 200 residential properties around Indianapolis are connected to at least one of the more than two dozen active lawsuits that investors, lenders and contractors have filed against brothers Jeremy and Joshua Tucker.
Home sales in central Indiana got off to a slow start in 2025, with a January snowstorm likely cooling off the pace of transactions.
Third-generation owner Jason Gray told IBJ plans for after the sale—including when and where the beloved restaurant will reopen—are still in the works.
Closed existing-home sales in the 16-county area rose only slightly from 2023 to 2024 despite a strong finish to the year.
The typically two-, three- or four-story residence that ranges in size from 1,800 to 2,300 square feet and shares a wall with a neighbor often appeals to people looking for a less-costly option than a single-family home or to people looking to downsize.
Prior to November, area sales had risen in four of the previous seven months on a year-over-year basis following a 26-month streak of declining sales.
Sales have now risen in four of the past seven months on a year-over-year basis following a 26-month streak of declining sales.
Despite the slower sales pace, home prices increased on an annual basis for the 15th consecutive month.
Declining mortgage rates and more inventory led to a positive month for existing-home sales in central Indiana in September, according to the latest data from the MIBOR Realtor Association.
After experiencing a rare month of rising transactions in July, central Indiana saw another down month for existing-home sales last month, according to the latest data from the MIBOR Realtor Association.
Closed existing-home sales in the 16-county area climbed 3.4% from July 2023 to July 2024, according to the latest data from the MIBOR Realtor Association.
Closed sales in the Indianapolis area have fallen in 28 of the past 29 months on a year-over-year basis.
Closed existing-home sales in the 16-county area have fallen in 27 of the last 28 months.
After more than two years of declining existing-home sales, central Indiana finally saw a positive month in April.
The exceptions to the trend were Boone and Hendricks counties, where closed sales increased 24.1% and 9.8% over March 2023.
Carmel’s housing options mostly fit into two opposite categories: single-family detached houses in subdivisions and multifamily apartment buildings in the downtown core. City officials want to explore a third category: the “missing middle.”