Hot housing market makes for some risky decisions
While selling a house in a hot market might seem easy, there’s actually some risk, uncertainty and often inconvenience on both sides of a transaction.
Residential Real Estate
Articles
Outlook brightens for apartment landlords amid rising rents
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.
Indiana records nearly 500 eviction petitions filed at start of August
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 to become Chicago-based real estate firm’s largest franchise
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.
CDC issues new eviction ban for most of United States
Speaking at the White House on Tuesday, President Joe Biden was uncertain whether the new moratorium could withstand lawsuits about its constitutionality.
Tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratorium
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.
Explainer: How Indiana evictions might surge post-moratorium
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.
Congress in longshot bid to extend expiring eviction ban
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.
Noblesville expects to spend at least $10M to buy 80 properties for Pleasant Street expansion
The Noblesville City Council voted unanimously this week to approve a list of 80 parcels between River Road and 11th Street that it will need to temporarily, partially or wholly acquire for the first phase of the $113 million project.
Biden to allow eviction moratorium to expire Saturday
As of July 5, roughly 3.6 million people in the U.S. said they faced eviction in the next two months, according to a U.S. Census Bureau survey.
Indianapolis-area home builders see biggest June since 2005
So far this year, 5,710 single-family building permits have been filed in the area, up 46% over the first six months of 2020.
Incentives for multifamily project approved by council committee
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
Developers pitch plans for more than 300 new houses in Fishers
The Fishers City Council reviewed two petitions Monday seeking to rezone a total of 167 acres of farmland to make way for two neighborhoods along Florida Road, between 113th Street and Southeastern Parkway.
Subdivisions push back against home sales to rental firms
At least 200 homeowner groups in central Indiana have modified their subdivision covenants in the past five years to limit rentals—a number that is based on the work of just one law firm.
Area existing-home sales, prices escalate while inventories fall
The seller’s market in residential real estate grew even stronger in central Indiana in June, with existing homes selling at a faster pace and buyers spending extra to land properties.
Indiana evictions could surge post-moratorium
A federal freeze on most evictions that was enacted last year is scheduled to expire July 31. Although no statewide data exists, Indiana housing experts estimated that roughly 13% of tenants—about 106,000 Indiana households—are at risk of eviction.
National real estate player Compass enters Indy-area market by landing 23 local agents
The New York City-based residential real estate firm, which went public in April with a $450 million IPO, said the local agents had more than $160 million in 2020 sales volume.
Slow trickle of rental aid heightens concern about eviction crisis
Weeks before an eviction moratorium put in place by the Centers for Disease Control and Prevention expires on July 31, much of the federal aid meant to help tenants and landlords has not reached them.
Builder Arbor Homes acquires local plumbing company
Arbor Homes, the most-active home builder in the Indianapolis area, said the acquisition of R&R Plumbing “will bolster the company’s existing efficient building processes.”
Backyard: Decorator and author Annie Kelly on living with swimming pools
Swimming pools can be the best place to be when you’re outside; they’re a great luxury and a place to keep fit.