Home loan rates have started drifting lower amid growing hopes the Fed will start to expand the money supply again next year, but it could take years for the housing market to return to normality.
Bridges Townhomes on the east side, Grand Meridian on the near-north side and Richardson Townhomes at the Central State Hospital campus each received tax credits as part of the 9% Low-Income Housing Tax Credit program for 2024.
Six of the area’s nine counties saw a year-over-year increase in single-family building permit filings in October.
Surging mortgage rates and rising prices are keeping many prospective homebuyers on the sidelines.
Indianapolis-based Milhaus plans to build a 125-room hotel, a 228-unit apartment development and 75-for-rent townhouses in the initial phase of the redevelopment.
Meanwhile, the median sales price for a house in the 16-county area in October jumped 3.9%, to $299,000, from the same month a year ago.
Hundreds of families have already participated in the MakeMyMove program and now call Indiana home.
Eric Garrett grew up in Evansville below the poverty line. In the latest edition of the IBJ Podcast, he discusses launching The Garrett Cos. from a barn in his backyard in Greenwood and the strategy that created the 37th largest private company in Indiana in less than 10 years.
Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash.
The SkyPalace has five bedrooms, a room with three bunk beds, a rooftop pool, eight parking spots, three private entrances, two hidden passages, a safe room, a sauna, three fire pits, three outdoor grilling areas and a bar.
The public will be able to shop seven days a week at the previously gated 41,762-square-foot mansion known as Linden House.
Build-to-rent houses are typically built as a master-planned community with 100 to 200 houses, average monthly rents of around $2,000, and amenities.
A 196-unit mixed-use apartment and retail development in Carmel has been sold in a deal brokers called one of the most notable—and complex—sales of the year in the metropolitan area.
The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.
The decision involves a sale’s commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.
The project would consist of 42 single-family attached homes in the Martindale-Brightwood neighborhood.
For the first time since March 2021, every Indianapolis-area county reported growth in single-family building permit filings.
Indianapolis-based Platinum Properties Management Co.’s plans call for the Westbrook townhouse community to be built on 19 acres on the northeast side of the intersection of Moontown Road and Castamere Drive.
Liberty Village is the most recent housing development planned in Lebanon, which has approved about 800 new homes this year.
Sales of existing homes in the 16-county area have fallen for 20 straight months.
