Growing Boone County needs varied housing options, study says
The big questions are whether the county is ready for projected growth and how its communities need to prepare for the LEAP Research and Innovation District.
Residential Real Estate
Articles
Record number of Americans can’t afford their rent, new study finds
After failing to make a significant dent in the problem over the last decade, state and federal lawmakers across the U.S. are making housing a priority in 2024 and throwing the kitchen sink at the issue.
Butler University planning apartment-style student housing for upperclassmen, grad students
While the 5,763-student university has not yet finalized the details of its plan to accommodate demand for semi-independent and amenity-rich housing, it hopes to secure board of trustees approval by the end of the year.
Developer, neighbors reach last-minute deal on $61M apartments project north of Broad Ripple
The agreement between J.C. Hart Co. and residents of the Oxbow Estates and Spirit Lake condominiums cleared the way for the City-County Council to unanimously approve a rezoning of the former Willows Event Center property.
NBA weekend could be All-Star shot for downtown
Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.
Developers planning 188-unit apartment project in Whitestown
Brown Capital Group and Strategic Capital Partners previously partnered to develop Greenview Apartments, a 216-unit development adjacent to the future site of The Grove.
Housing affordability near record low hits Black buyers particularly hard
Almost half of Black home buyers in 2022 were first-time buyers, and newcomers haven’t benefited from the rising home equity that could help defray swelling sale prices and lending costs.
Area homebuilders optimistic after late-year surge in permit filings
After a dismal first half, applications for new home construction rose significantly during the last six months of the year in the nine-county area.
Last year was slowest for U.S. home sales in nearly 30 as high mortgage rates frustrated buyers
The sharply higher home loan borrowing costs limited home hunters’ buying power on top of years of soaring prices. A dearth of homes for sale also kept many would-be homebuyers and sellers on the sidelines.
Average long-term mortgage rate falls to lowest level since May
Home loan borrowing costs have been mostly coming down since late October, after the average rate on a 30-year mortgage surged to 7.79%, the highest level since late 2000.
Sales of existing homes in Indy area slumped 18% in 2023
Mortgage rates escalated for the first 10 months of last year. No surprise: Existing-home sales in the 16-county area dropped from 35,876 in 2022 to 29,483 in 2023.
Over-55 crowd fuels growing active-adult housing trend
Active-adult communities are rental properties that can include apartments, cottages or villas targeted toward seniors who do not require medical care and want recreational activities and chances to socialize with people in their peer group.
Average long-term mortgage rates rise again, reaching their highest level in 4 weeks
The average rate on a 30-year mortgage rose to 6.66% from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%.
Section of downtown’s Jail II building slated for demolition in revision of $120M redevelopment plan
The structural issues have thrown a curve at the rest of 1820 Ventures’ development plan for housing, retail and entertainment uses, requiring it to move a planned concert venue to another location.
Millennials find way to buy houses: Living with mom and dad
Hunkering down with family offers breathing room to save for a home. The trade-off comes down to temporarily relinquishing a measure of independence to achieve a milestone increasingly out of reach for people their age.
Area home construction permit filings rise for 5th straight month
Hamilton, Johnson and Marion counties saw huge surges in single-family building permit filings in November.
Homebuilders step up construction as 30-year mortgage rate eases
Another incentive for builders: The inventory of previously occupied homes for sale is likely to remain tight because many homeowners have locked in low mortgage rates.
Two Chicks District Co. shop shifting from Bates-Hendricks to Noblesville
“Good Bones” co-star Mina Starsiak Hawk credits a business owner in Noblesville for successfully promoting the suburb.
Sales of existing homes in central Indiana see steep November decline
Closed sales in the area have fallen for 22 straight months on a year-over-year basis, but prices are still on the rise.
Carmel Center Apartments complex sells for nearly $82M
The sale of Carmel Center Apartments from Louisville-based NTS Development Co. to Dayton, Ohio-based The Connor Group closed at a significantly higher price than what NTS paid for the property in 2015.