There’s a well-worn cliché about the three most important factors in real estate – location, location, location. Recent surveys suggest that “affordability, affordability, affordability” rank top of mind for most Americans…led by the high cost of housing.... Read More
Indiana needs to build more housing: New construction has sputtered near a thirty-year low since 2010 and the number of homes listed for sale statewide has been cut in half over the past decade – a root cause of rising affordability pressures and the frustrating reality for middle-income families looking for the right home at the right price.... Read More
If you aren’t in the market to move, the most tangible effect of higher housing prices is higher property assessments and tax bills. For seniors on fixed incomes, young families who have worked their way into starter homes and a growing number of moderate-income Hoosier homeowners, Indiana’s growing property tax burden represents a real hardship.... Read More
The National Association of Realtors recently reached a settlement on several class-action lawsuits over seller commissions; while no Indiana associations were involved in the suits, the proposed resolution will require changes here – but none as seismic as the headlines aimed at capturing the attention of the casual observer.... Read More
Last summer, Federal Reserve Chairman Jerome Powell told reporters that spiking mortgage rates would help "reset" a red-hot housing sector. "I'd say if you are a homebuyer, somebody or a young person looking to buy a home, you need a bit of a reset," he said.... Read More
As he signed Indiana’s next biennial budget hours after it passed the General Assembly, Gov. Holcomb remarked, “(This) isn’t just your average, ordinary, typical, two-year budget…it is a generational impact budget.”... Read More
In his State of the State address last week, Governor Holcomb hailed an unprecedented economic development hot streak for Indiana – six consecutive years of record-breaking capital commitments, including $22 billion in 2022.... Read More
Last week, the Indiana Housing Task Force released a list of recommendations for ramping up residential inventory, setting the stage for legislative action when the General Assembly reconvenes in January for a session that includes crafting the next two-year state budget.... Read More
While uncertainties have clouded the national economic outlook, 2022 has produced a steady stream of positive news for Indiana through July – new business attraction and expansion projects worth nearly $17 billion (a record-setting pace), unemployment below 2.5%, personal income growth outpacing the U.S. by nearly 20% over the past year-and-a-half.... Read More
Spring is here, and so is the start of our traditional homebuying season. But for many prospective buyers, the search for the right home has become a year-round frustration. Low inventory and high prices are a fact of life in housing markets across Indiana, making affordability a critical challenge for growth-minded communities and our common need to grow the Hoosier workforce.... Read More
