Bill addressing short-term rentals clears Indiana Senate
The Indiana Senate has narrowly backed a proposal attempting to navigate regulations on short-term rentals amid a changing market that now includes companies like Airbnb.
Residential Real Estate
Articles
Fate of short-term rentals bill up in air after more changes
Changes made to a short-term rentals bill earlier in the week were erased in the Senate on Wednesday.
Permits might be required for short-term home rentals
House Bill 1133, which would prevent local governments in Indiana from banning Airbnb-style businesses, would give municipalities the ability to require short-term rental hosts to pay for a permit in order to host guests.
Residential Real Estate: Marketplace
The mild winter has meant more home sales at the beginning of the year than usual, said F.C. Tucker President Jim Litten.
Retired designer turns two condos into one for penthouse over Mass Ave
It was quite a change, to say the least, from the Jim O’Neils’ previous abode—a large but traditional home on 116th Street.
Female homebuilders find success, despite small numbers
The Builders Association of Greater Indianapolis estimates that no more than 10 of its 150 members are women, with many of them building few homes.
Central Indiana home sales fall after 15 straight months of increases
February’s decrease in existing-home sales came amid a steep increase in prices and a big decline in housing inventory.
Bill prohibiting cities from banning Airbnb advances
The bill’s author, Rep. Matt Lehman, R-Berne, says it’s important to stop knee-jerk government regulation that would restrict anyone’s ability to “use our private property for what we want to use it for.”
Area home builders see 14-month streak come to an end
After more than a year of experiencing rising demand for new homes, Indianapolis-area builders had an off month in February.
Big Car launches affordable home-ownership program for artists
Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.
Debut of $37M Coil to kick off Broad Ripple apartment flurry
The village is expected to add as many as 500 rental units in the next year or so. Businesses hope they’ll boost daytime traffic in the area traditionally known for its nightlife.
Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
Future of east-side church, once slated for demolition, still in limbo
TWG Development’s plan to convert the century-old structure into senior housing units has hit a snag, as the project wasn’t awarded federal tax credits in the latest round of allocations.
Westfield approves housing development near Grand Park
The Westfield City Council on Monday also agreed to send a proposal for a housing development around the Wood Wind Golf Club back to the city’s plan commission.
Central Indiana home sales rise for 15th straight month
Closed sales in the 13-county area have risen every month on a year-over-year basis since October 2015.
Owner of historic 14 West building asking nearly $6M for top two floors
The 8,500-square-foot residential space features a private elevator that will provide access to Red the Steakhouse, which is expected to open on the ground level in April, in addition to several other amenities.
Area home builders continue to see rising demand
Area home builders saw demand for new homes jump for the 14th straight month in January, the Builders Association of Greater Indianapolis said.
Condos make comeback amid apartment boom
Several projects are in the works—a push led mainly by local developer Onyx+East, which plans to begin construction this year on nearly 150 units, 90 of which are in or near downtown.
Lawmakers vote to restrict local Airbnb bans
The bill comes on the heels of Carmel’s recent decision to send letters to 28 residents who rent out their homes on Airbnb, stating that they are in violation of city zoning laws.
Bill on short-term rentals resurrected in Indiana House
A proposal in the Indiana House that would restrict local governments from banning short-term rentals—such as Carmel’s recent move to stop owners from sharing their homes on Airbnb—appeared to be dead earlier this week.