Area home builders see fourth straight year of rising sales
Home builders in the nine-county metropolitan area saw a surge in buyers in December, helping 2015 turn out to be a positive year for local home construction.
Residential Real Estate
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Bill targets homeowners in revitalized neighborhoods
An Indianapolis woman is advocating for state legislation that would provide property-tax relief for longtime homeowners in designated distressed areas.
No relief in sight for shortage of affordable housing in area
Marion County is suffering from a severe shortage of affordable housing and the inventory is not expected to increase anytime soon. The most popular financing option to help build affordable housing projects is so limited that only a small fraction of the developments get built.
U.S. home-sale agreements show November slide
Fewer people signed contracts to purchase homes in November, as the real estate market appears to have cooled after sales gains for much of 2015.
U.S. existing home sales tank in November
The introduction of a new disclosure form in October likely prevented many homebuyers from closing on sales in November. Home values are also rising at more than double the pace of wages.
Ransom Place residents mount court challenge to stop project
Three residents have taken the unusual step of asking a Marion County judge to block the $10 million development, arguing it’s too big for the neighborhood.
Indy-area home deals slide for eighth straight month
Home sales in November tumbled 11.1 percent in Marion County, from 866 homes to 770. Hamilton County, the area’s second-largest market, saw a similar decrease, with an 11.3 percent drop.
Area home builders see tiny dip in monthly sales
December will be the key month in determining whether 2015 turns out to be an overall year of growth for area home builders.
Gershman family taking on ambitious, high-profile real estate projects
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
Downtown condo association again files suit for building damage
Residents of the Hudson condominium complex are suing the owner after the latest round of problems caused $6 million in damage to the structure.
Apartment developer plans $37M addition on downtown canal
The developer of the 9 on Canal Apartments project has disclosed plans for a $37 million second phase that would add 194 apartment units and more than 15,000 square feet of retail space along downtown's Central Canal.
Hamilton County officials leery of new homes with lower price points
If homes don’t have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
Developer building $30M project in Kokomo
Flaherty & Collins Properties is partnering with the city of Kokomo on an apartment and retail project in the heart of its downtown.
Milhaus plans to add 250 workers through expansion
Milhaus, parent of several real estate-related companies, is best-known for its local apartment projects, including Artistry, Circa, Maxwell, Mozzo and Penn Circle.
Home values point to a sharp wealth divide in U.S. cities
Neighborhoods in most U.S. cities, including Indianapolis, are increasingly isolated from each other by income and home values, according to analysis by national real estate brokerage Redfin.
Rezoning for $17M north-side senior facility moves forward
The Metropolitan Development Commission voted 6-2 in favor of Stonecrest Senior Living’s request to rezone 4.8 acres of wooded wetlands at the southeast corner of 86th and North Meridian streets.
$8.5M apartment project could help revive near-west side
The Westside Community Development Corp. is proposing to develop the 56-unit affordable housing project along Michigan Street as part of a larger effort to rejuvenate the area.
Kentucky firm proposes $5M senior living facility in Fishers
The community would take shape on 9 acres near the southwest corner of Allisonville Road and 146th Street.
Indy-area home deals duck for seventh straight month
Pending sales of existing homes in the metro area fell 15.3 percent last month compared with October 2014, according to F.C. Tucker Co. Sale prices rose against shrinking inventory.
Area builders see third straight rise in monthly sales
Area home builders saw a 9 percent increase in buyers in October, according to the latest permit numbers from the Builders Association of Greater Indianapolis.