U.S. home sales snap 4-month streak of gains
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
Wells Fargo is unveiling a $4.5 million program in Indianapolis that would provide a huge chunk of up-front money for eligible homebuyers.
The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
Scott Wynkoop placed first among all-star agents a third year in a row.
Look here for statistics on Indianapolis-area home sales, the most expensive local sale, and a map showing population density.
Home-sale agreements declined 13.8 percent in the nine-county area in July, the 11th straight month deals have decreased.
Permit filings for home construction in central Indiana fell 5 percent last month, the first decline the market has seen since January.
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
Sales have been slowed by a mix of meager wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
Home-sale agreements tumbled 14.9 percent in the nine-county Indianapolis area in June, the tenth straight month deals have decreased, according to F.C. Tucker Co.
The number of first-time homebuyers in May was near record lows at 27 percent, versus a historic average of 40 percent.
See the prices Indianapolis-area houses are selling for along with the most expensive recent sale, and a map of where people born out of state are most likely to live.
Old standbys are have been replaced by new features and colors. The changes range from rooms to styles.
Sales of previously owned U.S. homes posted the best monthly gain in nearly three years in May, providing hope that housing is beginning to regain momentum lost over the past year.
Homebuilders filed 530 single-family building permits in the metro area in May. That’s exactly the same number of permits that were filed in May 2013. Local construction numbers were better than national figures.
Figures for May add to evidence that about 14 percent fewer homes are selling this year in the nine-county area compared with the same point in 2013. But sale prices still are on the rise.
Home-sale agreements dropped nearly 20 percent in the nine-county Indianapolis area in April. Home prices continued to rise as inventories shrank.
The sharpest sales increase occurred among homes priced at $1 million or above. Sales fell in nearly every other price group.