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.
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.Read More
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.Read More
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.Read More
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.Read More
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.
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.
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.
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.
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.
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.
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.
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.
Meanwhile, inventories in the 16-county Indianapolis area remained tight and prices continued to escalate.
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.
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.
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’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.
Speaking at the White House on Tuesday, President Joe Biden was uncertain whether the new moratorium could withstand lawsuits about its constitutionality.
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.
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.
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.