Sales of existing homes in central Indiana shot up in May, the second straight month of rising sales, according to the latest data from the MIBOR Realtor Association.
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Overall Gen Zers, which the survey defines as those born between 1999 and 2011, only made up 4% of all homebuyers during the survey period.
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The median sales price for a home sold in the area in April rose 1.1%, to $316,000, compared with $310,000 in April 2025.
The U.S. housing market has been in a slump since 2022, when mortgage rates began to climb from pandemic-era lows.
As recently as late February, the average 30-year mortgage slipped under 6% for the first time since 2022. It started climbing last month as the war with Iran sent energy prices soaring.
The active inventory of existing homes in the 17-county area rose from 4,063 in March 2025 to 4,816 last month, an 18.5% increase.
Sales of existing homes in central Indiana bounced back from a frigid January to post a modest increase in February, according to the latest data from the MIBOR Realtor Association.
Sales of existing homes in central Indiana fell significantly in January, partly due to a major winter storm that cooled off economic activity through much of the country.
Sales had their biggest annual and monthly drop in the West, which wasn’t as affect by last month’s winter storm as the other regions of the country.
Sales of existing homes in central Indiana jumped last month, helping the market finish 2025 on an overall positive note.
Nationwide, according to real estate analytics company Attom, 367,460 properties saw foreclosure filings in 2025, representing 0.26% of all U.S. housing units. That’s a 14% increase from 2024.
Economists generally expect mortgage rates to ease further this year, though most recent forecasts show the average rate on a 30-year mortgage remaining above 6%, about twice what it was six years ago.
The housing market recently crossed a noteworthy line: There are now more Americans with mortgage rates higher than 6% than below 3%.
The average 30-year fixed rate mortgage was about 6.2% on Thursday, down from nearly 7% when President Donald Trump took office.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, rose this week.
While 84% of the people born in 1950 became homeowners at some point in their working lives, the researchers estimated that only 74% of 1990 babies will follow suit.
Sales were down overall despite big jumps in Boone, Hancock and Hendricks counties, according to the latest data from the MIBOR Realtor Association.
Four of the area’s nine counties saw increases in filings, but usual home- construction hotbeds Hamilton County and Marion County experienced decreases.
A recent survey showing that the average first-time home buyer is now 40 years old isn’t standing up to scrutiny.
Sales of existing homes in central Indiana were lifted last month by jumps in Hamilton, Boone and Hancock counties, according to MIBOR Realtor Association.
The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism.
Mortgage rates started declining in July in the lead-up to the Federal Reserve’s decision last month to cut its main interest rate for the first time in a year amid growing concern over the U.S. job market.
