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What does $500K buy in Indiana in February? See inside 5 homes around the state

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What does 0K buy in Indiana in February? See inside 5 homes around the state


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With 2024 now in full swing, let’s take another look around the state at the real estate market.

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Nationally, mortgage rates are holding steady in the 6% range, down from 8% in October, but the overall inventory is still down about 4% year over year, real estate tracking site Redfin data shows.

Thanks largely to the reduced inventory, the median U.S. home sale price rose 5.1% during the first four weeks of January, according to Redfin. That jump was the biggest increase since October 2022.

In Indiana, home prices were up 3.5% in December compared to a year ago.

Here’s a look around the state at what buyers in the $500,000 price range might find in various cities.

Indiana home buying: What income do Indianapolis homebuyers need to buy a home? It keeps going up.

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Indianapolis

This custom-built home on Columbia Ave. is only two years old and has more than 2,600 sq ft of space.

The 3 bedroom, 2.5 bath features exposed brick, ductwork and wood beams in the kitchen and living area, along with granite countertops and a 5-burner Italian stove.

The two-story craftsman-style home with a detached garage is close to the Monon, Bottleworks and Mass Ave and is listed for $510,000.

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Mooresville

Just south of Indy, this $525,000 charming rustic log cabin in Mooresville sits on more than 3 acres of land.

The 3 bedroom, 2.5 bath home comes in at just shy of 3,000 sq ft of space and combines modern amenities with the classic cabin style. A spacious porch lets you take in the surroundings outside, while a wood-burning fireplace in the living area and a large soaking tub in the bathroom keep you warm during the winter months.

Additionally, a 2-car attached garage and a newly built 3-bay garage provide plenty of storage or workshop space.

Evansville

This Charleston-style colonial home in Evansville has plenty of space and curb appeal, with more than 3,200 sq ft, 3 bedrooms and 3.5 baths.

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Built in 2004, the brick home on 1.5 lots has four fireplaces, a large rec room, a courtyard and an attached 3-car garage.

Features like a wet bar in the living room, built-ins (including a safe) and woodwork throughout the entire home add character and function.

Terre Haute

This Terre Haute home offers unique architecture and the chance for country club living.

Listed for $500,000, this home on the 14th hole of The Country Club of Terre Haute Golf Club has more than 4,800 sq. ft. of space and shows off the surrounding landscape with banks of floor-to-ceiling windows.

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With six bathrooms, four bedrooms plus a wood-paneled library that can be a home office or fifth bedroom, the space also includes an attached 3-car garage, walkout basement and a lower-level game room.

Florence

For buyers looking for water views, this home overlooking the Ohio River is listed for $515,500 and has its own boat dock.

A full wall of windows in the main living area and a covered front patio provide great views of the water and beyond.

Sitting on 11.5 acres, you’ll have plenty of space for outdoor activities while an RV canopy and 1,800 sq ft pole barn with concrete flooring are perfect to store your vehicles or get creative with the extra space.

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Retro Indy: Five years ago Covid confined March Madness to Indiana

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Retro Indy: Five years ago Covid confined March Madness to Indiana


Just three days before Selection Sunday in March of 2020, the NCAA announced that March Madness, like so many other events that spring, would be cancelled due to the new virus upending life. The decision marked the first time in tournament history that the final weeks of the college basketball season would not be played, squashing Atlanta’s plans to host the Final Four.

When the following year rolled around, the NCAA decided that March Madness would not succumb to the virus once more.

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With a vaccine only on the horizon and hundreds of Americans still dying each day, the organization announced in November of 2020 that while the tournament would go on, it would certainly not be business as usual. All 67 games, NCAA officials said, would be held in one location. Central Indiana was the first choice as Indianapolis had been on tap to host the Final Four April 3-5.

The plan, said NCAA senior vice president of basketball Dan Gavitt in a November 2020 IndyStar article was to present “a safe, responsible and fantastic March Madness tournament unlike any other we’ve experienced.”

In January the NCAA made it official: All games would be played in and around Indianapolis in a modified version of a bubble.

Holding the tournament in one place just made sense, NCAA officials told IndyStar. Unlike in a typical year when a winning team would travel multiple times before the championship, this system would minimize travel, which could inadvertently expose players and coaches to the virus.

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Two months later when the tournament kicked off on March 18, 55 of the 67 games were scheduled to be played in Indianapolis venues, such as Gainbridge (then Bankers Life) Fieldhouse, Lucas Oil Stadium, Indiana Farmers Coliseum and Butler’s Hinkle Fieldhouse. Purdue’s Mackey Arena and IU’s Assembly Hall also hosted games.

While the first Covid vaccine had arrived a few months earlier, few people outside of first responders and the most vulnerable had been immunized, so in an effort to avoid large crowds, the Indianapolis sites all capped tickets at 25% capacity. That meant only 17,500 people could attend games at the largest venue, Lucas Oil Stadium. The college arenas allowed far smaller audiences, with IU limiting attendance to 500 people.

A week before the tournament began Marion County Public Health Department officials and Mayor Joe Hogsett asked attendees to make smart public health choices, such as social distancing and obeying the face masks mandate. Referees donned masks as much as possible as did coaches and players on the bench.

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The NCAA regularly tested athletes, administering 28,311 tests Covid tests during the tournament, 15 of which came back positive.

Post-mortems after the tournament asked whether the NCAA had made the right call. Two high profile deaths occurred in the aftermath of the tournament — one a University of Alabama superfan who had traveled to Indy for the games and the other a St. Elmo bartender. But proving a direct link between their deaths and the tournament would prove impossible, and some public health experts said the NCAA had done everything it could to protect athletes and fans short of canceling the event.

A study conducted by IU, Regenstrief researchers and others that appeared in August 2021 in the Journal of the American Medical Association found that while mask wearing had theoretically been compulsory, about a quarter of attendees at the games were either not wearing masks or doing so inappropriately. Still, in an IndyStar article about the study Indiana Sports Corps president Ryan Vaughn termed the event “a resounding success.”

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The following year, with a vaccine widely available and far fewer daily deaths from the virus, the tournament returned to a typical schedule, concluding in New Orleans’ Ceasars Superdome. More than 69,00 fans attended the final games, according to the NCAA. Local authorities had lifted the mask requirement by this point.

“Last year was about survival. Just having championships in any way, single site, keep everybody safe and be successful,” Gavitt said in an NCAA news release in late April 2022. “I think this year was about advancing.”



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Federal legislation that Braun calls ‘crazy’ is aimed at Bears and Indiana – Indianapolis Business Journal

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Federal legislation that Braun calls ‘crazy’ is aimed at Bears and Indiana – Indianapolis Business Journal


U.S. Sens. Bernie Sanders, I-Vt., and Greg Casar, D-Texas, say the bill would protect taxpayers from being extorted by team owners for huge subsidies. The legislation would likely face an uphill climb in the Republican-controlled Congress.



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Record warmth followed by strong storms tonight | March 26, 2026

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Record warmth followed by strong storms tonight | March 26, 2026


INDIANAPOLIS (WISH-TV) – Strong thunderstorms likely later this evening with all severe weather threats possible. It is going to be warm and windy with record highs today. Much cooler air works into Indiana for the end of the week.

TODAY: Partly cloudy conditions later this afternoon with warm and breezy conditions. It is going to be a beautiful and summer-like day across parts of Indiana. We will look for high temperatures to climb into the lower eighties which will set a new daily high record. The record for today is 80 set back in 1907. Winds will be gusty out of the southwest near 20 to 30 mph.

TONIGHT: A cold front approaches the state bringing a really good chance of strong to severe thunderstorms. A few thunderstorms may develop out ahead of the main line and some of those thunderstorms could contain some large hail along with a tornado risk as well. We are under a level 3 risk of strong storms out of a level 5. So there is confidence that a lot of these storms could reach severe criteria. Threats would be damaging winds and large hail. The tornado risk is low across parts of Indianapolis but it is not zero. A slightly higher risk of tornadic activity is possible in northern sections of Indiana. 

Heavy rainfall could also lead to some flooding in parts of the state. Areas may see anywhere between 1 to 3 inches of rainfall. 

Best timing on the thunderstorm activity will be anytime after 8:00 p.m. and lasting until Friday morning around 4.

TOMORROW: A few early morning rain showers will be possible on Friday. The main weather story is that it will be much cooler. High temperatures will climb around 49 which is below our normal high of 56. Winds switch direction out of the northeast and it will be a bit breezy at times as well. Low temperatures late Friday night into Saturday morning will drop into the upper twenties.

7 DAY EXTENDED FORECAST: A chilly start early Saturday morning but we will see lots of sunshine for the afternoon. High temperatures will climb around 52 for the afternoon. 

Cloud cover returns on Sunday but it will be dry for the most part. Look for high temperatures to climb into the lower 60s. 

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Warmer next week with temperatures reaching the low and even middle and upper 70s by the middle part of the week. A dry start on Monday with some scattered showers possible on Tuesday and Wednesday. 



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