Developer revives 317-acre project for Westfield
Developer Chris R. White initially proposed the $300 million project known as Aurora in 2006 but it fell victim to the Great Recession.
Residential Real Estate
Articles
New wave of downtown apartment projects to test demand
Construction of Penrose on Mass, Park at Pulliam Square and the second phase of CityWay will add another thousand units by the end of 2018.
Indianapolis Section 8 program to open waiting list next week
The Indianapolis Housing Agency hopes more landlords will participate in the program.
EPA to brief Indianapolis residents on lead cleanup project
A federal agency that's preparing to clean up lead-tainted soil around dozens of Indianapolis homes will brief residents on the project next week.
U.S. home prices rise in June but at tentative pace
Nationwide prices are increasing more quickly than incomes as buyers compete for the dwindling supply of available homes. The ongoing imbalance in the housing market could stifle sales in coming months.
Butler debuts $43M dorm, prepares to demolish another
The work is all part of a long-term university plan that includes more than $130 million in new construction.
Residential Real Estate: Marketplace
Home sales are up 3 percent. Get the stats for the region, plus see what you can buy for $900,000 and what home sold for the most in the past three months.
2015 All-Star Real Estate Agents
For the first time in almost a decade, there’s a new group at No. 1 in the IBJ All-Star team ranking: Dennis Nottingham’s Indy Home Pros Team. Meanwhile, there’s a familiar name atop the list of solo agents.
Shoemaker infuses Fletcher Place home with neutral palette, natural materials
Realtor Joe Shoemaker spends most of his days studying home interiors and exteriors. That’s why he opted for a minimalist approach when he constructed his Fletcher Place abode.
Downtown boom hits Herron-Morton neighborhood
A growing number of pricey new homes are cropping up in the historic Herron-Morton neighborhood, bolstered by the strength of the downtown housing market and the rejuvenation of East 16th Street.
McMansions: a bad bet, except maybe in the Midwest
The few areas in which McMansions are gaining value faster than more tasteful housing stock are primarily the Midwest and the eastern New York suburbs that make up Long Island.
Indy top market in nation for first-time buyers, Zillow finds
A Zillow study found the median home value in Indianapolis is $130,000 this year and the supply of those homes is high. It also found it takes just 11 percent of a buyer’s monthly income to make the average mortgage payment.
Area home sales stagnate as inventory continues to drop
The total number of active home listings in central Indiana was down 11.7 percent, from 12,878 a year ago to 11,377 at the end of last month.
Lowe’s disappoints analysts with weak sales growth
One day after retailer Home Depot reported record earnings that signaled an improving U.S. housing market, competitor Lowe’s reported weak sales growth and cut its profit expectations for the year.
Area home builders see eighth straight month of rising sales
Demand for new homes continued to rise locally last month, according to figures reported Wednesday by the Builders Association of Greater Indianapolis.
Trees cleared from senior-living site without proper permits
Developers that stripped a high-profile parcel on the north side of its trees months ago to prepare the site for a $13 million senior living center did so without receiving proper permitting.
Peer-to-peer housing debate hits area communities
Indianapolis-area communities stayed out of the home-sharing-platform debates—until Zionsville ordered a couple to stop offering an apartment above their garage to out-of-town guests.
U.S. homeownership tumbles to its lowest rate since 1965
U.S. homeownership has fallen to its lowest mark in more than 50 years as rising prices put buying out of reach for many renters.
Existing home sales, prices rise amid tightening inventory
Existing-home sales in central Indiana increased 5.4 percent in June and the average price rose to $203,913.
Council gives city say in $260M Mass Ave project
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.