Central Indiana existing-home market closes 2025 with strong December
Sales of existing homes in central Indiana jumped last month, helping the market finish 2025 on an overall positive note.
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.
Sales of existing homes in central Indiana dipped in September despite big jumps in Hendricks and Hancock counties, according to the latest data from the MIBOR Realtor Association.
A chronic shortage of homes on the market and heightened competition for lower-priced properties are helping drive up investors’ acquisition costs.
Improved mortgage rates and a larger selection of houses on the market led to an increase in home buying in the Indianapolis area last month.
The 18-acre estate features a 14,200-square-foot residence with five bedrooms and eight bathrooms, as well as a guest house.
A complicated and delicate dance takes place whenever an estate the scale of the one owned by the late Indianapolis Colts owner Jim Irsay hits the market as it did last month.
After seeing a big jump in June, existing-home sales in central Indiana returned to a more familiar recent pattern in July.
June’s year-over-year increase was only the second of the year and was the largest since December.