U.S. home sales slip in January to worst pace in 3-plus years
Would-be homebuyers are increasingly priced out of the market as years of climbing prices and strained inventories have made ownership too costly.
Would-be homebuyers are increasingly priced out of the market as years of climbing prices and strained inventories have made ownership too costly.
Higher prices, low inventories and climbing interest rates have all combined to slow growth in the market.
Average home prices continued to rise in November in the 15-county area amid tight inventories.
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.
Housing affordability is at a 10-year low, but home sales are still on the increase in central Indiana.
With less than two months until Election Day, the effort to pass two referendums to increase funding for Indianapolis Public Schools is gaining momentum.
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.
Sales rebounded in July even though prices continued to rise and inventory continued to shrink.
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.
It was a rare off-month for the market, which has experienced year-over-year sales increases in 27 of the past 32 months.
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.
An especially low inventory of homes for sale is driving up prices and requiring buyers to take unusual steps to secure the places they want.
The total number of active home listings in the 15-county central Indiana region dropped 25 percent from the end of May 2017 to the end of last month.
The market rebounded from an off-month in March, when sales dropped 7.5 percent on a year-over-year basis—the first decline in seven months.
Homes in the 80-acre neighborhood are expected to sell from $500,000 to $750,000 and would vary from 1,800 to 3,500 square feet.
Community groups have been advocating for an outside look at whether alternatives for the massive north split interchange project could spur economic development and improve downtown.
It was the first month sales have fallen since July and only the fourth month they’ve declined on a year-over-year basis in the past 29 months.