Indiana's inventory of available houses has dropped more than 13 percent since last year, while demand continues to rise.
IUPUI researchers looked at more than 7,000 houses in five Indiana cities to create a computer model that predicts how long a home will be on the market.
The number of homes on the market dropped nearly 15 percent from April 2015 to April 2016, causing prices to soar and buyers to become frustrated.
A developer is planning to put a mixed use building where the current Chocolate Moose sits. They the hope to house the ice cream parlor in the new building.
Sales are up more than 6 percent compared to last year and home prices are up, too.
The group sent a letter to Macerich, offering to acquire the company's outstanding stock for $91 a share — a total of approximately $22.4 billion.
Real estate sector representatives say the vacancy rate for commercial real estate is declining, which could spur new developments.
Real estate developer Gene Glick and his wife Marilyn donated millions of dollars to nonprofit organizations in Indiana.
Home prices have increased 12.2 percent nationwide in the last year, while Indiana prices have remained more moderate, a CoreLogic study indicates.
The expansion provides additional funding and expands the programs eligibility criteria.