Area home builders off to best first half since 2007
Area filings have risen on a year-over-year basis for the past seven months.
Residential Real Estate
Articles
Low appraisals torpedo sales in hot residential market
A low inventory of homes for sale is driving up prices to the point that many sellers are fielding multiple offers, some for even more than the list price, making it harder for appraisers to determine a fair market value.
Indy property management group accused of discriminating against families
The Indianapolis-based company is accused of discriminating against families by imposing occupancy limits regardless of square footage.
Originally listed for $25M, Simon estate in Carmel might finally have buyer
Homebuilder Paul Estridge Jr. has been in discussions about acquiring the sprawling 106-acre property on Ditch Road, according to a source familiar with the deal.
Developers of $50M Mass Ave project drop billboard from design
Plans for a controversial three-story “digital canvas” have been dropped from the Mass Ave development’s design. Developers also replaced the Montage on Mass name with a different one.
Firm redeveloping ex-Coca-Cola plant faces daunting preservation challenges
A specialist in terra cotta will assess the integrity of the structures and suggest options that could range from on-site reinforcement and preservation to off-site storage and eventual reconstruction.
Zionsville rejects proposed $30M downtown mixed-use project
The potential development, known as 200 West, would have included a mix of single-family homes, multifamily housing and a commercial section on a 4.3-acre property to the west of Sycamore and Main streets.
Country club land along White River to be preserved in $2.7M deal
Club directors chose to sell 12.5 acres to the Central Indiana Land Trust after considering an offer from a local developer who wanted to build homes on the property.
UPDATE: Builder, trade groups sue Greenwood over new design standards
An Indianapolis-based home builder and two trade associations have filed a lawsuit against Greenwood, claiming the city has adopted architectural standards on new houses that will drive up prices so significantly that the costs would preclude home ownership for thousands of residents.
City Securities’ lesser-known sibling sells
The parent of City Securities Corp. has sold its biggest subsidiary to a New York-based real estate holding company, a move that’s expected to give the niche operation room to grow.
Developer plans $20M apartment project on Fountain Square block
Nearly an entire city block in Fountain Square soon could be redeveloped, with five old buildings getting torn down and a new five-story project springing up with retail space and 94 apartments.
Indiana gets more than $600,000 in federal housing grants
The money will be used to make repairs and improvements to public housing units, as well as providing housing counseling to struggling consumers.
Residential Real Estate: Marketplace
Housing Sales March 1 – May 31 MORE FROM IBJ Click here. The housing market is hot but the challenge is a lack of inventory, said F.C. Tucker Co. President Jim Litten. Currently, there are about 9,000 listings in central Indiana, although about 20 percent of those are under contract with an agent accepting […]
A home with a view
Charlie Brown and Louise Tetrick love the house they built on Geist Reservoir—especially the windows. Still, this home is for sale at $1.45 million through Berkshire Hathaway’s The Richwine Group.
Turnarounds rebound as home flippers get back in gear
Locally, the number of homes flipped in 2015 jumped 9 percent from the previous year. Nationally, 2015 marked the first annual increase in the percentage of homes flipped following four straight years of decreases
Homes selling at strongest pace nationally since 2007
Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade.
Existing-home sales surge in central Indiana
Existing-home sales in central Indiana jumped 18.6 percent in May as average sale prices ticked up and inventory dropped significantly.
Ten years after housing’s peak, U.S. more of a renter nation
Renters accounted for all of the 8 million-plus net households the United States added in the past decade. Home ownership has dipped to 63.5 percent, near a 48-year low.
Hot streak for Indy-area home builders extends into May
The last time area home builders filed more permits for May was in 2007, when they turned in 779.
Proposed $20M Carmel development includes steakhouse, town homes
Chuck Lazzara, who owns the Ritz Charles with his wife, has revealed plans for Monon and Main, a mixed-use project on the southwest corner of Main Street and the Monon Trail.