Higher prices, low inventories and climbing interest rates have all combined to slow growth in the market. And colder-than-usual weather last month didn’t help.
Sales and prices for existing homes were both on the rise in October in the 15-county area, according to the latest data from the MIBOR Realtor Association.
Existing-home sales in central Indiana fell in September, the third month of declining sales out of the last seven, amid subpar home-buying conditions.
The political arm of Indiana’s largest teachers union is spending heavily on some of the candidates vying for seats on the board this November in the Indianapolis Public Schools board election.
A new report from the Builders Association of Greater Indianapolis and MIBOR Realtor Association says builders have a long way to go if they want to keep up with the area’s future demand for new housing.
With less than two months until Election Day, the effort to pass two referendums to increase funding for Indianapolis Public Schools is gaining momentum.
The district says that, to keep its main priority on the table—raising money for salary increases for teachers and staff—it made tradeoffs that could leave it financially vulnerable down the road.
In a plan unveiled Wednesday, the Indy Chamber is proposing sweeping cuts to save Indianapolis Public Schools nearly $500 million over eight years—and drastically slash the amount the district would seek from taxpayers in referendums.
