Stonegate Mortgage profit slows in third quarter
In its first quarter as a public company, the Indianapolis-based residential mortgage firm reported a big year-over-year dip as rising interest rates made the market more volatile.
Residential Real Estate
Articles
Indianapolis-area home sales take nosedive
Although area sales are up 16 percent through the first 10 months of the year, the trend has slammed into reverse in recent months amid higher mortgage rates and tighter inventories.
Homebuilders end 15-month streak of permit increases
The central Indiana home construction industry reversed course in October, with a rare year-over-year decrease in the number of single-family building permits filed. The drop follows a recent downward trend.
Tireless agent Bif Ward closing in on $1B milestone
For 34 years, Ward has been selling homes in the Indianapolis area, often to the city’s elite, racking up 12-hour days during her busiest times.
Tom Wood dealership snaps up 15 acres near Anson
The local auto group that sells 14 car brands could move its Toyota dealership from Lafayette Road to the Zionsville site, where the population is growing thanks to the Anson development.
Foreclosure suit tests HDG Mansur on a new front
HGCC Lender LLC this month filed a $4.8 million foreclosure suit and asked a court to appoint a receiver for Hamilton Proper’s 279-acre Hawthorns Golf & Country Club.
Pences settle into 1928 Governor’s Mansion in Butler-Tarkington area
The state’s first couple are adding small personal touches and raising money to continue making improvements.
Home insurers changing policies, raising premiums in wake of losses
Big claims in recent years are driving up prices of policies in Indiana and causing some insurers to cut back coverage.
Homebuilder Estridge plans return after landing $25M
Paul Estridge Jr. says he is returning to the home-building business after securing $25 million from a private-equity firm in North Carolina. The venture’s first project will be Harmony, a 270-acre community in Westfield.
Local homebuilders see mild increase in permit filings
Single-family-building permit filings rose 8 percent in the nine-county area in September, marking the 15th straight month of year-over-year increases, the Builders Association of Greater Indianapolis reported Tuesday.
Area home sales show signs of cooling off
Home-sale agreements in central Indiana fell for the second time in three months in September amid higher mortgage rates and tighter inventories.
Tower would be first big addition to east side of Indianapolis in decades
The proposed Market Square Tower—if it’s built as planned at 28 stories and 370 feet—will be one of the 10 tallest buildings in Indianapolis.
Home-A-Rama back after five-year layoff as market improves
With the housing market on the mend, the Builders Association of Greater Indianapolis decided the time was right to reintroduce the show, which gives the public an opportunity to tour newly built custom homes.
Developer readies second Virginia Avenue residential project
Deylen Realty’s latest development along bustling Virginia Avenue calls for 68 apartments and 9,900 square feet of retail space between the existing Mozzo apartments and Villagio condos.
Real estate developer, philanthropist Glick dies at 92
Eugene Biccard Glick built a fortune as a residential real estate developer before becoming better known as one the city’s most generous philanthropists. The Indianapolis native and World War II veteran died Wednesday.
Builder plans trailside community in Carmel
M/I Homes of Indiana wants to build as many as four dozen homes on 15 acres of beachfront property in Carmel: undeveloped land along the Monon Greenway.
Councilor takes aim at Browning’s Broad Ripple apartment project
At-large City-County Council member Zach Adamson says that even if the apartments-and-grocery project gets an OK from city development officials on Wednesday, he might force an additional hearing.
Woodfield office buildings attracting strong interest
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
Stonegate Mortgage IPO a test of housing recovery
Stonegate Mortgage—potentially the first company in Indianapolis to go public since ExactTarget in 2012—plans to entice investors with a nationwide expansion, a diversified income stream, and the prospect that federal reforms will benefit such loan aggregators.
Paul Estridge Sr., founder of home builder, dies at 79
The Broad Ripple High School graduate took a flyer on building custom homes in 1967 and created an empire in the city’s northern suburbs.