New-home applications fall for 3rd month in row in central Indiana
Four of the area’s nine counties saw increases in filings, but usual home- construction hotbeds Hamilton County and Marion County experienced decreases.
Home Sales
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Former IndyCar team owner lists Fishers estate for nearly $12M
The home is the largest ever to be listed on Geist Reservoir, according to Berkshire Hathaway HomeServices Indiana Realty.
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IBJ Podcast: Pete the Planner on whether buying a home is always a smart investment
It’s not at all necessary to get started right away, and there’s a navigable path for renters in the 40s to end up in a very comfortable situation by retirement.
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Existing-home sales in central Indiana slip again
Closed existing-home sales in the 17-county area fell for the fifth time in six months in April, but sale prices continue to climb.
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New year opens with fewer existing-home sales, higher prices
Home sales in central Indiana got off to a slow start in 2025, with a January snowstorm likely cooling off the pace of transactions.
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Articles
Are millennials frozen out of housing market? Reality may be more interesting.
A recent survey showing that the average first-time home buyer is now 40 years old isn’t standing up to scrutiny.
Existing-home sales in central Indiana see October increase
Sales of existing homes in central Indiana were lifted last month by jumps in Hamilton, Boone and Hancock counties, according to MIBOR Realtor Association.
White House’s 50-year mortgage proposal has one notable benefit, but some drawbacks
The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism.
US home sales accelerated in September to their fastest pace since February
Mortgage rates started declining in July in the lead-up to the Federal Reserve’s decision last month to cut its main interest rate for the first time in a year amid growing concern over the U.S. job market.
Existing-home sales in central Indiana see September slip
Sales of existing homes in central Indiana dipped in September despite big jumps in Hendricks and Hancock counties, according to the latest data from the MIBOR Realtor Association.
Profit margin on flipping a home hits 17-year low, report says
A chronic shortage of homes on the market and heightened competition for lower-priced properties are helping drive up investors’ acquisition costs.
Existing-home sales in central Indiana see August jump
Improved mortgage rates and a larger selection of houses on the market led to an increase in home buying in the Indianapolis area last month.
Former pharmaceutical exec’s Zionsville home hits market for $11.9M
The 18-acre estate features a 14,200-square-foot residence with five bedrooms and eight bathrooms, as well as a guest house.
Multimillion-dollar estate sales present unique hurdles
A complicated and delicate dance takes place whenever an estate the scale of the one owned by the late Indianapolis Colts owner Jim Irsay hits the market as it did last month.
Existing-home sales in central Indiana see July swoon
After seeing a big jump in June, existing-home sales in central Indiana returned to a more familiar recent pattern in July.
Existing-home sales in central Indiana see biggest rise this year
June’s year-over-year increase was only the second of the year and was the largest since December.
Investors snap up growing share of homes as traditional buyers struggle to afford one
The U.S. housing market has been in a sales slump since early 2022, when mortgage rates began to climb from pandemic-era lows. Home sales fell last year to their lowest level in nearly 30 years.
Existing-home sales in central Indiana tick up after 4 months of declines
The median sales price for a home in the area rose 1.4% in May, while the active inventory of homes climbed 20.5% on a year-over-year increase.
New-home applications in central Indiana fall for third straight month
Single-family building permit filings in the nine-county area were down significantly in March.
Existing-home sales in central Indiana continue to slide
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.
Central Indiana homebuilders close out big year with strong December
Central Indiana residential builders saw a surge in demand for new homes as 2024 came to a conclusion, making the year one of the strongest the industry has seen over the past two decades.
Average rate on 30-year mortgage hits highest level since May
While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market was on track to end 2024 as its worst year for sales since 1995.
Town houses provide chance to fill ‘missing middle’
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.
Central Indiana existing-home sales slipped slightly last month
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.