The city’s Metropolitan Development Commission on Wednesday gave Kite Realty Group the necessary approvals it needs to proceed with its plan build a 267-unit apartment complex adjacent to Glendale Town Center.
This summer, houses in central Indiana sold after being on the market an average of just one month, half the time of homes sold in 2015. And that’s the average of all houses. Those that are move-in-ready and in desirable neighborhoods—the kinds of homes most buyers are looking for—are often sold within hours or, at most, a few days.
Former Navy nurse Bob Morrison developed a taste for arts-and-crafts-style homes while serving on the West Coast and found the perfect outlet for that passion back home in Indiana.
Housing inventory remains low at just 1.6 months, meaning that’s how long it would take to sell the region’s available housing. That’s down 5% from a year ago, when inventory was already tight.
Three veteran real estate agent teams solidified their lock on the top three places in IBJ’s All-Star team rankings for the fourth straight year, with Dennis Nottingham’s Indy Home Pros Team taking the No. 1 spot. Jennil Salazar of RE/MAX Ability Plus is the new top IBJ All-Star solo agent.
The mortgage industry has added almost 5,000 employees since March. It’s a stark reversal from a year ago, when the Federal Reserve was hiking interest rates and banks were cutting thousands of jobs.
The study found that 15.5% of the residential units in Fishers are apartments, lower than the national average of 22%.
It was the most-active July for single-family construction permit filings since 2006, when 746 permits were filed during the month.
The median sales price for an existing single-family home in the Indianapolis area increased 10.1%, to $200,295, marking the third straight monthly record.
Copper Chase, one of the largest apartment complexes in Greenwood, received nearly 20 offers, including several from companies looking to make their first foray into the Indianapolis multifamily housing market.
The Metropolitan and Economic Development Committee of the City-County Council could not reach a consensus Monday on a recommendation for a long-delayed 11-story downtown project at 421 N. Pennsylvania St.
Median home prices in central Indiana reached an all-time high in June amid tighter inventories and fewer new listings.
Applications for home construction fell 13% in central Indiana in June, marking the seventh straight month of declining permit filings.
Peter Dunn talks to guest host Lesley Weidenbener about all things home buying, including mortgages, determining how much house you can afford, why you shouldn’t put down less than 10% and why the idea of starter homes and family homes is silly.
A north-side community group and a locally based development company are partnering on the two-building project slated for the southeast corner of Illinois and 22nd streets.
In a quest to create permanently affordable housing, about 25 Indianapolis community groups and development corporations have formed the Community Land Trust Coalition.
To be known as St. Lucas Lofts, the project proposed by Englewood Community Development Corp. would include at least 10 units designated for individuals who are recovering from homelessness.
Under a proposed deal, the Boston-based developer of the 11-story project would receive a portion of the increase in property tax revenue generated by the project in order to pay off the bonds.
Indianapolis-based BWI LLC is requesting a city property tax break for the 97-unit development that would save it $1 million over 10 years.
The number of active listings in central Indiana—at 5,077 at the end of February—remains low, although it’s 15 percent higher than at the same time a year ago.
