A Shift in Home Buyer Tastes: The IBJ recently interviewed several Real Estate Professionals regarding the current desires of those building new homes in Indianapolis and discovered several trends, including; the decline of the formal dining room and large garden tubs in the master bath and the increase in outdoor living spaces and gray tones on walls everywhere.
NAR's Chief Economist Weighs in on the May Numbers: Nationally, the number of homes under contract soared in the month of May - up 6.1%. NAR's Chief Economist, Lawrence Yun predicts an increase in home sales throughout the remainder of the year and projects the median existing home price to increase by 5-6% this year. More housing industry predictions are stated in this Houselogic article.
Continued Housing Growth in Downtown Indy: The Cottage Home neighborhood just East of Mass Ave was recently made a more pedestrian friendly neighborhood with the connection of the Monon and Cultural Trails -- and housing developers took note. A local developer now plans to build 14 homes in the neighborhood, potentially injecting even more life into the often overlooked community. Check out the details in this recent IBJ article.
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