FBI searching Pence home as part of classified documents probe
The search Friday was described as consensual and came after an extensive back-and-forth between former Vice President Mike Pence’s legal team and the FBI.
Residential Real Estate
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All-cash home purchases on the increase nationwide
The share of homes bought without mortgages in the United States is now at levels not seen since 2014, when the housing market was on the rebound after the foreclosure crisis and the Great Recession.
Indiana residential property tax relief bill draws opposition from schools, local officials
Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.
Bad-landlords measure gets unanimous Senate committee support
A measure allowing utility companies to ask courts to appoint receivers over certain landlords behind on their utility bills passed unanimously out of an Indiana Senate committee Thursday.
Lawmakers move revolving fund for housing forward without price tag
Lawmakers opted not the include an explicit price tag for a program designed to incentivize affordable housing construction throughout the state before passing the bill through the House Ways and Means Committee on Wednesday.
State selects five Indy-area low-income housing projects for tax credits
The projects in Anderson, Indianapolis and Noblesville were among 17 statewide to be awarded Low Income Housing Tax Credits, totaling more than $180 million in value over 10 years.
Area homebuilders hope for better year after 2022 slump
The industry had a tough time in 2022 following its busiest year since 2005 amid escalating mortgage rates and rising inflation.
Lawmakers advance measure to create fund for housing infrastructure
The bill’s author—a homebuilder—says the fund would be a tool for Indiana communities to provide infrastructure for their housing needs, especially workforce housing.
Local firm plans affordable apartments on east side near Blue Line route
The project would occupy a vacant 1.5-acre parcel next to the former LoBill grocery store that is now home to the Marion County Board of Elections headquarters.
Central Indiana sees 10.2% decline in existing-home sales in 2022
Sales of existing homes in the area have now fallen on a year-over-year basis for the past 11 months and have seen double-digit percentage decreases for six straight months.
City to spend $4.5M on program to raise Black homeownership
The Vacant to Vibrant initiative, announced Tuesday, will utilize about 100 lots in several neighborhoods that have fallen into disrepair and are held in the city’s land bank.
Duke’s $29M transmission-line plan to spare trail trees in Westfield
The multiyear project will include installation of two new 69-kilovolt electric transmission lines to serve fast-growing Noblesville and Westfield.
Developer reveals details for downtown mixed-use project south of revamped Stutz campus
New York City-based SomeraRoad Inc. has submitted plans to city officials for Stutz South, a five-story complex with 270 apartments that would occupy most of the block between West Ninth and 10th streets and Capitol Avenue and Roanoke Street.
Prolific homebuilder Paul Estridge Jr. dies at 65
A lung transplant recipient in November 2020, Estridge contracted a lung infection in recent days that his family said he could not overcome.
Area homebuilders see 11th straight month of falling permits
Interest in new homes in central Indiana continued to slow dramatically last month, according to the latest statistics from the Builders Association of Greater Indianapolis.
2022 Year in Review: A year of ups, downs and uncertainty
The stock market dropped in 2022. So did the unemployment rate. Except in Indiana, where in both cases, the numbers crept up.
U.S. pending home sales fall to second-lowest level on record
Consumers rate current home-buying conditions as the worst since the early 1980s, according to a survey by the University of Michigan.
Ohio firm acquires The Coil apartments in Broad Ripple for $57M
The purchase comes just three years after the 151-unit complex on the Central Canal was sold for $40.7 million to Chicago-based Promus Holdings LLC.
Council committee OKs $16M in TIF funding under new policy
The redevelopment of the former Broad Ripple Kroger and the Fountain Square White Castle could be the first residential projects to receive tax-increment financing from the city without including affordable housing units.
Central Indiana existing home sales continue to slide
Sales have now fallen on a year-over-year basis for the past 10 months and have seen double-digit percentage decreases for five straight months.