Condos making comeback in Indianapolis
The market is starting to wake up after years of slumber caused by the housing downturn.
Residential Real Estate
Articles
At-Home Quarterly Marketplace
Look here for statistics on Indianapolis-area home sales, the most expensive local sale, and a map showing population density.
Home construction on the rise nationally
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction faltered, however, in the Midwest.
Central Indiana home sales continue to trail 2013
Home-sale agreements declined 13.8 percent in the nine-county area in July, the 11th straight month deals have decreased.
Good Earth exits appeal of Broad Ripple project
The $30 million development has been delayed by a request to repeal a zoning change for the property. Though Good Earth is no longer involved, a local resident is continuing his fight against the project from Browning Investments Inc.
Lender files to foreclose on downtown’s Villagio condos
First Horizon Home Loans claims the owner of the Villagio at Page Pointe still owes nearly $5.2 million on an $11.6 million loan and is asking a court to appoint a receiver to manage the property until it’s sold.
Area homebuilding permit filings down in July
Permit filings for home construction in central Indiana fell 5 percent last month, the first decline the market has seen since January.
Revitalization plan brings new homes to Crown Hill area
Near North Development Corp. is serving as master developer of the project, which is using $488,000 in U.S. Department of Housing and Urban Development grants.
IUPUI plans to build $45 million residence hall
IUPUI hopes to build a $45 million residence hall for 700 students on the campus in time for the 2016-17 academic year, the university announced Friday afternoon.
Second city Land Bank defendant pleads guilty
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
Van Rooy converting more units to market rate
The local apartment owner and manager will spend $2.5 million to upgrade Ransom Place near the IUPUI campus from Section 8 housing. It’s the second time the company has undertaken such a project in the neighborhood the past few years.
Contracts to buy homes decrease nationally
Sales have been slowed by a mix of meager wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
Area home-construction permit filings tick up
Filings in the nine-county metro area have shown slight year-over-year improvement in four of this year’s six months.
U.S. home construction drops 9.3 percent in June
U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.
Indy home sales likely slowing to ‘new normal’
Home-sale agreements tumbled 14.9 percent in the nine-county Indianapolis area in June, the tenth straight month deals have decreased, according to F.C. Tucker Co.
Study: U.S. millennials buying homes later in life
The number of first-time homebuyers in May was near record lows at 27 percent, versus a historic average of 40 percent.
Seventy-lot subdivision slated for Fort Harrison property
The proposed Residences of Lawrence at Fort Ben subdivision would be the first single-family project on the former army base since it closed in 1995.
Excise police warn retirement home about social-hour alcohol
Indiana excise police told Meadowood Retirement Community that it could no longer serve its residents alcohol without a state liquor license from the Indiana Alcohol and Tobacco Commission.
Butler to build new residence hall, parking garage
The projects are part of a larger plan to add more student housing, possibly construct a larger facility to house the university's business school and renovate existing academic buildings.
Northern suburbs see blitz of apartment construction
Growing demand for high-end, low-maintenance living is fueling an apartment-building boom in Indianapolis’ northern suburbs—and raising concerns among some leaders about the risks of adding too much too fast.