Carmel City Council passes single-family rental cap ordinance
The plan will cap the percentage of single-family rental houses and create a registration program for landlords.
Residential Real Estate
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Plan for $100M project in downtown Westfield calls for apartments, retail and office space
The Westfield Advisory Plan Commission is scheduled to hold a public hearing about the Jersey 32 project on June 2.
Homeowners spending on renovations, repairs despite uncertain economy, higher prices
Many homeowners have opted to to invest in sprucing up their home rather than sell and take on a mortgage with a sharply higher interest rate.
New-home applications in central Indiana show April surge
After a slow start to the year, central Indiana builders saw filings for new homes jump last month.
Developer planning 262-unit apartment complex in Whitestown
Mills on Main would include 10 three-story apartment buildings, six one-story garages, one 3,250-square-foot amenity building and outdoor pickleball courts.
Home Depot says it doesn’t expect to boost prices because of tariffs
During the first quarter, Home Depot’s revenue climbed as customers spent slightly more on smaller home projects.
Existing-home sales in central Indiana slip again
Closed existing-home sales in the 17-county area fell for the fifth time in six months in April, but sale prices continue to climb.
Developer, major homebuilder plan 350-plus houses on east side of Noblesville
The development called Parks at Crossroads would be D.R. Horton’s first subdivision in Noblesville.
Town Council rejects plan for 350-plus homes in rural Zionsville
The plan for the Reserve at Union Woodlands was opposed by residents living in rural Zionsville and raised safety concerns from executives with the nearby Indianapolis Executive Airport.
Trump swiftly undoing transgender protections in HUD housing policies
With changes to the Equal Access rule and other guidance still unclear, what happens now often depends on where a case is filed.
Home ownership climbs further out of reach for most Americans
Based off the latest U.S. median home listing price, homebuyers need to earn $47,000 more a year to afford a home than they would have just six years ago.
March home sales slowed nationally in lethargic opening to spring season
The March sales decline is the largest monthly drop since November 2022, when sales fell 6.7% from the previous month.
Developer’s plan for 350-plus homes in rural Zionsville expected to face final test next month
A proposed 147-acre residential and commercial development continues to face opposition from nearby residents and Indianapolis Executive Airport officials.
Fishers passes rental home cap, while Carmel introduces its own
The Fishers City Council voted 9-0 to approve the proposed ordinance, which would cap the percentage of single-family rental houses. Meanwhile, Carmel began considering its own plan.
New-home applications in central Indiana fall for third straight month
Single-family building permit filings in the nine-county area were down significantly in March.
Fishers City Council to hold public hearing on rental registration proposal
The plan calls for limiting the percentage of single-family rental units per subdivision to 10%, but it would grandfather in existing rentals.
Homebuilder planning 326 new houses in two Noblesville developments
Plans for communities proposed by M/I Homes of Indiana called MontClaire and Bending Branch were presented to members of the Noblesville City Council this week.
Existing-home sales in central Indiana continue to slip
Closed existing-home sales in the 17-county area fell for the fourth time in five months in March, but sales prices continue to climb.
Fishers developer planning $60M apartment project on near-south side of Indy
The Annex Management Group Inc., which specializes in student and moderate-income housing, plans to earmark units for individuals and families making up to 60% of the area’s median income.
D.C. firm spends $50M to acquire Canal-adjacent luxury apartments
A representative for the buyer said that Indianapolis’ rank as one of the best markets in the country for rent growth—that is, increases in rent prices—played a key role in the decision to buy Cosmopolitan on the Canal.