Average rate on a 30-year mortgage falls to lowest level in nearly a year
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell.
Residential Real Estate
Articles
Westfield City Council approves Onyx+East plan for 120 houses near Monon Trail
Plans call for houses in the 39-acre development to be priced from more than $500,000 to over $1 million.
Four years after first proposed, Monon 30 has one building open
Four years after the project was first proposed, the group is still submitting and altering plans for the rest of the project on several former industrial properties along the Monon Trail.
UPDATE: Indiana lakefront estate of Jim Irsay hits market for $19.9M
The nearly 6-acre estate includes an entertainment complex with bowling alley, an indoor pool house, a guest house and an eight-car garage. It is among at least four estates that were owned by Irsay to hit the market in Indiana since his death.
Developer updates plan for 300-plus houses on east side of Noblesville
Boomerang Development LLC previously introduced plans for 124-acre Parks at Crossroads in May, but councilors had concerns about the project.
Apartment project with 261 units of workforce housing planned on far-west side
Raceway Development Partners LLC intends to construct the six-building project on nearly 11 acres on the western edge of Marion County.
Former pharmaceutical exec’s Zionsville home hits market for $11.9M
The 18-acre estate features a 14,200-square-foot residence with five bedrooms and eight bathrooms, as well as a guest house.
New-home applications in central Indiana rise for 4th straight month
Hancock, Boone and Hendricks experienced significant increases in single-family building permits.
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.
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.