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.
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.
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.
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.
December will be the key month in determining whether 2015 turns out to be an overall year of growth for area home builders.
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.
Residents of the Hudson condominium complex are suing the owner after the latest round of problems caused $6 million in damage to the structure.
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.
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.
Flaherty & Collins Properties is partnering with the city of Kokomo on an apartment and retail project in the heart of its downtown.
Milhaus, parent of several real estate-related companies, is best-known for its local apartment projects, including Artistry, Circa, Maxwell, Mozzo and Penn Circle.
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.
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.
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.
The community would take shape on 9 acres near the southwest corner of Allisonville Road and 146th Street.
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 home builders saw a 9 percent increase in buyers in October, according to the latest permit numbers from the Builders Association of Greater Indianapolis.
Plans call for apartments, another restaurant from the owners of Tinker Street, and even a microbrewery or distillery.
See the latest home sales statistics, the most expensive home sold last quarter, what you can buy for $1.25 million and more.
Buyer demand proved so strong this summer that Hoosiers bought 9,080 existing homes in June alone—the state’s second-largest one-month sales tally in the past 12 years.
Chuck and Mary Williams wanted a house with an exterior that synced with the rest of their Old Northside neighborhood and an interior that boasted all the latest conveniences, including a modern, open floor plan.