Existing home sales in 2024 fell to lowest level in nearly 30 years
Elevated mortgage rates, rising home prices and limited inventory have kept prospective homebuyers out of the market.
Residential Real Estate
Articles
Lennar seeks to build active-adult subdivision with 360 houses in rural Whitestown
Plans call for Cardinal Estates to be built on 170 acres south of the Golf Club of Indiana.
Construction begins on $90M CityView apartment, retail building in Fishers
Plans call for CityView to have 191 apartments for residents ages 55 and over, 18,000 square feet of first-floor retail with two restaurant locations and a 325-space parking garage with electric vehicle charging stations.
Developer’s plan for 430-plus homes in rural Zionsville faces opposition
The Reserve at Union Woodlands would cost about $250 million to develop and take up to seven years to build.
South Carolina housing official chosen to lead troubled Indianapolis Housing Agency
Yvonda Bean will join IHA Feb. 17, less than a year after the IHA was placed under federal management.
Existing-home sales in central Indiana finish 2024 with December surge
Closed existing-home sales in the 16-county area rose only slightly from 2023 to 2024 despite a strong finish to the year.
Fishers considering cap on single-family rentals, registration program for landlords
Fishers could become the first Indiana community to cap the percentage of single-family rental houses in the city’s subdivisions.
IBJ Podcast: Inside the mind of a rising Indy apartment developer
After five years with Indianapolis-based Birge & Held, Jarod Brown decided he wanted a business with his name on the door. For his HQ, he bought the former Broad Ripple Library.
Town houses provide chance to fill ‘missing middle’
The typically two-, three- or four-story residence that ranges in size from 1,800 to 2,300 square feet and shares a wall with a neighbor often appeals to people looking for a less-costly option than a single-family home or to people looking to downsize.
Former F.C. Tucker Co. leader Fred Tucker III dies at 78
Frederick C. “Fred” Tucker III led the F.C. Tucker Co. for a quarter-century and served on numerous business and civic boards.
Justice Department accuses six major landlords of scheming to keep rents high
The complaint alleges the landlords participated in an unlawful scheme to decrease competition among landlords in apartment pricing, harming millions of American renters.
Average rate on 30-year U.S. mortgages hits highest mark since July
Interest rates have been climbing since the Federal Reserve signaled last month that it expects to cut its benchmark rate just twice this year, down from the four cuts it forecast in September.
Report shows more than 1,800 heirs’ properties without clear titles in Marion, Allen counties
The new report by the Federal Home Loan Bank of Indianapolis and Black Onyx Management found more than 1,800 heirs’ properties — land or property passed down among family members without a formal will or estate plan after the owner’s death — collectively valued at more than $258 million in Marion and Allen counties.
Jimmy Carter helped put Habitat for Humanity ‘on the map’
Habitat for Humanity went from helping a few thousand people a year when Carter started working with the group in the late 1970s to helping 7.1 million people in 2022.
Applications for new homes still surging in central Indiana
Single-family building permits in the nine-county area have risen on a year-over-year basis for 17 straight months.
Marion County foreclosures on the rise, new report finds
Rising home prices and interest rates, higher insurance premiums and other factors are putting more homeowners under extreme pressure to keep up with payments, according to the report.
Average 30-year mortgage rate climbs to 6.85%, highest since July
While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market remains in a slump and on track for its worst year since 1995.
Hickory Junction’s next phase to include 450-plus housing units, commercial space in Lebanon
Card & Associates is making plans to grow Hickory Junction, which already includes the $31 million Farmers Bank Fieldhouse and two planned hotels.
Central Indiana existing-home sales slipped slightly last month
Prior to November, area sales had risen in four of the previous seven months on a year-over-year basis following a 26-month streak of declining sales.
$110M residential project in works near battery plants
The project, known as The Hub District, is expected to include town houses, retail space, a hotel and more than 500 apartments on a 26-acre site.