Multimillion-dollar estate sales present unique hurdles
A complicated and delicate dance takes place whenever an estate the scale of the one owned by the late Indianapolis Colts owner Jim Irsay hits the market as it did last month.
Residential Real Estate
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Zionsville Plan Commission OKs builder’s plan for 362-home development
Plans for The Courtyards of Heritage Trail, a 180-project by developer Epcon Communities, must still be approved by the Zionsville City Council.
Existing-home sales in central Indiana see July swoon
After seeing a big jump in June, existing-home sales in central Indiana returned to a more familiar recent pattern in July.
Lowe’s intensifies focus on professional builders with $8.8B acquisition
Lowe’s is buying Foundation Building Materials, a distributor of drywall, insulation, metal framing, ceiling systems, commercial doors and other products that serve large residential and commercial professionals.
BWI affordable housing project gets initial incentive OK despite problems with previous phase
A developer under criticism for previous work on an affordable housing project on the near-northwest side of Indianapolis has received initial city approval for financing help on the development’s next phase, but with several new requirements.
Homeowners turn to cash-out refinancing to take advantage of big gains in home equity
Cash-out refinances, in which homeowners take out a loan for more than they owe on their mortgage and pockets the difference, accounted for roughly 60% of all home loan refis in the second quarter.
More than 300 apartments planned for property at 46th and Monon Trail
The project would consist of workforce units—those priced to accommodate residents making 80% to 120% of the area’s median income—as well as lower-income and market-rate units.
Estate of late Indianapolis Colts owner Jim Irsay on the market for $12M
The Carmel estate bordering Crooked Stick Golf Club features a 25,843-square-foot main residence with six bedrooms and 12 bathrooms.
Hoosiers feeling the pinch from home insurance increases
Fueled by climate change and a significant increase in severe weather, home insurance premiums are on the rise nearly everywhere.
New-home applications in central Indiana on the rise
Marion, Hendricks and Madison experienced significant increases in single-family building permits.
Existing-home sales in central Indiana see biggest rise this year
June’s year-over-year increase was only the second of the year and was the largest since December.
Castleton complex acquired in state’s second-largest apartment transaction
The complex has undergone more than $20 million in renovations since 2020, including luxury-level finishes, fully upgraded kitchens and bathrooms, new roofing, refreshed hallways and fresh paint throughout.
Indianapolis homeless count hits highest mark since 2021
The 2025 point-in-time count was the second-highest recorded in Indianapolis over the past 10 years, trailing only the 2021 high of 1,928.
Developer planning apartment community for people with disabilities in Noblesville
Plans for Willowview Trace call for 60 apartments, including 15 that would be reserved specifically for people with intellectual and developmental disabilities.
Residents at downtown apartment building sue Indianapolis Housing Agency, property owner over safety concerns
Elderly and disabled residents of subsidized public housing at the Richard G. Lugar Tower Apartment Complex in downtown Indianapolis are embroiled in a multiyear conflict over safety and sanitation issues.
Retro setting helps Mike Epps maintain his hometown ties
Comedian/actor Mike Epps has made a 2,100-square-foot house in the Kennedy-King neighborhood a singular work of art.
Investors snap up growing share of homes as traditional buyers struggle to afford one
The U.S. housing market has been in a sales slump since early 2022, when mortgage rates began to climb from pandemic-era lows. Home sales fell last year to their lowest level in nearly 30 years.
Indiana assessed property values grow 12% as tax changes take effect
Assessed values for commercial and industrial properties grew at a higher rate than those for residential, according to the study assembled by the Department of Local Government Finance.
New-home applications in central Indiana see May surge
Single-family building permits in the nine-county area have increased in three of the first five months of 2025 on a year-over-year basis.
Property tax case argued before Indiana Supreme Court has major implications
Local governments could lose significant property tax revenue under a case heard by the Indiana Supreme Court on Thursday about how much land falls under the state’s 1% tax cap for homesteads.