Indiana Supreme Court establishes Eviction Task Force
A nine-member task force created by the Indiana Supreme Court will help landlords and tenants resolve their disputes and access federal rental assistance resources.
Residential Real Estate
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RE/MAX claims franchisee steered brokers to competitor
Denver-based RE/MAX LLC and RE/MAX Integrated Regions LLC filed a complaint in federal court last month against James “Jimmy” Dulin and The Hamilton Group Inc., which does business as RE/MAX Ability Plus.
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Area home builders see first drop in permit filings in 14 months
Despite a slight decline in August, single-family building permit filings are still on pace to have their biggest year since 2005.
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More than 300 single-family, townhouse and duplex homes proposed in Noblesville
Indianapolis-based Onyx+East, Arbor Homes and St. John-based Olthof Homes presented plans to the Noblesville City Council on Tuesday for a slew of new residential projects featuring 129 single-family, 123 townhouses and 62 two-family homes.
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Builders see increased demand for new homes for the 14th straight month
So far this year, 6,539 single-family building permits have been filed in the Indianapolis area, up 39% over the first seven months of 2020.
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Articles
White House rolls out plan to improve housing affordability
Millions of Americans are getting priced out of ownership or stuck spending the bulk of their income on rent. The S&P CoreLogic Case-Shiller 20-city home price index climbed a record 19.1% in June from a year ago.
F.C. Tucker adds 190 agents in acquisition of Front Porch Real Estate
Indianapolis-based Front Porch, founded in 2014 by owner and former Tucker agent Jim Perry, has four offices in Indianapolis and one in Paoli, Indiana.
Residential Real Estate: Marketplace stats for August 27, 2021
The region’s hot real estate market cooled slightly in July but continued at a rapid pace. The number of single-family home and condo sales in 16 central Indiana counties dropped 2.9% from June to 4,071 in July.
Seeing Zionsville from a cozy front porch
John and Solveig Fiene’s Zionsville home has high ceilings, plenty of light streaming in the windows and a big, welcoming front porch, the perfect place to sit and talk to people walking by.
New ‘iBuyers’ are jumping into central Indiana’s real estate market
San Francisco-based Opendoor and Phoenix-based Offerpad both announced in recent weeks that they were bringing their internet-driven real estate services to homeowners in central Indiana. They allow homeowners to request a cash offer on their homes—usually available within 24 hours.
All-Star Real Estate Agents: The Indy area’s top teams and solo sellers
Three veteran real estate agent teams retained the top three places in IBJ’s All-Star team rankings, with Dennis Nottingham’s Indy Home Pros Team claiming the No. 1 spot. Jennil Salazar of RE/MAX Ability Plus made it a three-peat as the top IBJ All-Star solo agent.
Supreme Court allows evictions to resume during pandemic
The court’s action late Thursday ends protections for roughly 3.5 million people in the United States who said they faced eviction in the next two months.
Treasury: Only 11% of federal rental assistance has been distributed
Lawmakers approved $46.5 billion in rental assistance earlier this year, but only $5.1 billion had been been distributed by states and localities through July.
Landlords look for an exit amid federal eviction moratorium
Smaller landlords with fewer than four units, who often don’t have the financing of larger property owners, were hit especially hard by the pandemic, with as many as 58% having tenants behind on rent, according to the National Association of Realtors.
Indianapolis area sees first decline in existing-home sales since June 2020
Meanwhile, inventories in the 16-county Indianapolis area remained tight and prices continued to escalate.
Indianapolis hoping to boost rental assistance funding by nearly $100M
The city’s IndyRent program—which launched last July with $15 million in funding and eventually grew to $96 million—has so far pushed out $53 million in rent payments to landlords of those seeking rental assistance.
Hot housing market makes for some risky decisions
While selling a house in a hot market might seem easy, there’s actually some risk, uncertainty and often inconvenience on both sides of a transaction.
Outlook brightens for apartment landlords amid rising rents
Rents are rising, buoyed by strong demand as U.S. home prices push to new highs, leaving many would-be buyers no choice but to rent.
Indiana records nearly 500 eviction petitions filed at start of August
In the window between the end of the previous moratorium on evictions and the issuance of the current ban, 486 eviction cases were filed in Indiana from Aug. 1 through midday Aug. 4, according to data from the Indiana Supreme Court.
Plat Collective to become Chicago-based real estate firm’s largest franchise
Plat Collective’s ownership and core services will largely stay the same under @properties’ banner, but co-owners Mark Nottingham and Rex Fisher hope the national brokerage’s technologies will allow them to expand in central Indiana.
CDC issues new eviction ban for most of United States
Speaking at the White House on Tuesday, President Joe Biden was uncertain whether the new moratorium could withstand lawsuits about its constitutionality.
Tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratorium
Congress approved $10 billion in federal assistance to help homeowners pay off debt, but the program is moving so slowly that protections are expiring before states have figured out how to distribute the money.
Explainer: How Indiana evictions might surge post-moratorium
More than 51,000 eviction filings have been made in Indiana during the pandemic, including nearly 16,000 in the Indianapolis metropolitan area, according to Indiana Legal Services.
Congress in longshot bid to extend expiring eviction ban
A House panel convened to consider emergency legislation to extend the ban, which expires Saturday, through Dec. 31. But approving an extension would be a steep climb in the narrowly-split Congress.