The recent pullback in mortgage rates overall has sparked a pickup in applications for home refinancing loans, which are 23% higher than a month ago, according to the Mortgage Bankers Association.
While home construction hit a downturn nationally in July, builders continued to see growing demand for new homes in central Indiana.
Closed existing-home sales in the 16-county area climbed 3.4% from July 2023 to July 2024, according to the latest data from the MIBOR Realtor Association.
Jennifer McCormick’s plan follows the release of Republican frontrunner Mike Braun’s tax plan in an election in which property tax relief continues to emerge as a top priority.
West Fork and M/I Homes Inc. had proposed building more than 100 town houses, a whiskey-aging warehouse, a pond, an outdoor concert venue, a dog park and more north of Grand Park Sports Campus.
Reagan Park could soon benefit from an economic development tool that would capture the tax dollars from new developments to benefit existing residents and potentially help them stay in their homes.
The annual count is required for communities to receive funding from the U.S. Department of Housing and Urban Development, which helps fund local homelessness prevention efforts.
Refinance applications were up nearly 60% nationally versus the same week last year, but applications for loans to buy a home are still down from a year ago.
The expansion projects in three central Indiana communities are part of a larger investment the company said it is making across the Midwest to senior living and assisted living services in Indiana, Kentucky, Michigan and Ohio.
After years of neighborhood strife, the administration of Mayor Joe Hogsett last year began demolishing portions of the cluster of 258 housing units and is in the process of relocating other Towne & Terrace residents.
In the past two years, more than 30 lawsuits have been filed in federal and state courts alleging that companies such as RealPage and Yardi are equipping corporate landlords with software algorithms that allow competitors to collude on rental housing prices.
City Council members heard plans for the 44-acre Finley Creek Estates and the 11-acre Westfield Yard developments this week.
Permit filings had risen on a year-over-year basis for 11 straight months before June’s decrease.
Closed sales in the Indianapolis area have fallen in 28 of the past 29 months on a year-over-year basis.
The plan is likely to prove controversial among economists, including many Democrats. Experts on both sides of the aisle tend to argue that government limits on rent discourage new development by making it less lucrative.
Mirtha Development LLC, and Carmel-based Old Town Cos. plan to build 10 single-family houses and 56 three-story town houses at East 116th Street and Maple Drive.
Teresa Wessel has spent the last 14 years at Horizon House, which works to prevent homelessness by offering an array of short-term and long-term services that help individuals secure and maintain housing.
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
About a dozen Hoosier communities will split $51 million in state funding for public infrastructure set to support construction of 2,400 homes.
The findings, from an annual report jointly published by the National Low Income Housing Coalition and Prosperity Indiana concluded that Indiana dropped from 43rd to 34th in terms of affordability between 2021 and 2024.
