Market trends favor home shoppers, but Iran war clouds outlook for mortgages
While rates are still down from a year ago, their recent upward trend has already led to a slowdown in mortgage applications.
Housing
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Neidhammer Coffee Co. to close amid nonprofit owner’s funding crisis
The nonprofit 91 Place—which purchased Neidhammer Coffee Co. in 2023—is also seeking support to continue offering places to stay for young adults affected by homelessness, trafficking and violence.
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Marian University seeks rezoning of former hospital complex, plans educational district
A state filing indicates as much as $154 million could be invested in the Larue D. Carter Memorial Hospital property in coming years by Marian University and other entities.
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Q&A with Onyx+East CEO Kelli Lawrence on embracing unique housing types
Onyx+East, which was spun off in 2016 from Indianapolis-based Milhaus Development LLC, got its footing in downtown Indianapolis, and Lawrence has led the company as it has put a focus on the suburbs.
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IBJ Podcast: Pete the Planner on Trump’s second term, rising inflation and the impact of the LA wildfires on housing
IBJ columnist Pete Dunn outlines the challenges of rising inflation, stubbornly high costs for consumer goods, the meandering stock market, mass deportations and what could be the biggest economic story of 2025.
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Articles
Elevance commits $1M to Indy homelessness effort
Streets to Home Indy, a public-private partnership, said Elevance Health’s donation will help sustain housing efforts through rental assistance, case management and implementation support.
Build America, Buy America law causing construction delays amid the US housing crisis
It was intended to bring manufacturing jobs back to the United States, but the law has spurred a bottleneck for affordable housing.
Home Depot tops expectations in 4th quarter, but customers pull back on spending
Home Depot and other retailers have seen customers cut back on their spending amid concerns about inflation and economic uncertainty.
Indiana public camping ban moves to House floor
Supporters frame as compassionate approach, while opponents say lack of resources could lead to jail time and fines.
Report: Indiana ranked 7th in U.S. for 2025 foreclosure activity
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.
2025 home sales stuck at 30-year low with prices high and mortgages onerous
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.
A powerful force has been holding back the housing market. It’s finally easing.
The housing market recently crossed a noteworthy line: There are now more Americans with mortgage rates higher than 6% than below 3%.
Legislative roundup: Here’s what IBJ is tracking as session picks back up
From utility rates to tenderloin sandwiches, here are some bills IBJ is following this legislative session.
Trump wants government to buy $200B in mortgage bonds to bring down mortgage rates
The average 30-year fixed rate mortgage was about 6.2% on Thursday, down from nearly 7% when President Donald Trump took office.
Trump says he’ll ban large investors from buying homes, with few details
Many economists from the right and the left alike say larger investors do not have as expansive a grip on the housing market as politicians might suggest.
Average long-term mortgage rate ticks down
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, rose this week.
3-story condominium building planned alongside Merchants Bank HQ in Carmel
The project site also features a Merchants Bank of Indiana corporate headquarters expansion and a six-story apartment building that is nearing completion.
Epcon Communities planning 161-home development in Noblesville
Developers told members of the Noblesville City Council that Courtyards of Deer Creek would not be age-restricted, but it would be targeted toward people ages 55 and over.
Homebuilder proposing more than 400 new homes along Whitestown-Zionsville border
About 11 acres on the southeast corner of the 176-acre Heritage Station project site are in Zionsville, which has already signed off on that part of the project.
Bill Taft: City needs to nix barriers to affordable housing
We have everything it takes to make Indianapolis the most attractive place to build homes in the Midwest.
FTC sues Zillow, Redfin over deal it says suppressed competition in rental ads
The Federal Trade Commission argues said the companies’ “unlawful scheme” maybe reduce incentives for further competition, and could lead to higher prices and fewer choices for multifamily rental advertising customers.
18 residents of Fountain Square homeless camp housed via Streets to Home initiative, officials say
Additionally, some who had left the Leonard Street camp after initial closure notices and had relocated elsewhere in the neighborhood are also being connected to housing and services.
BWI affordable housing project gets initial incentive OK despite problems with previous phase
A developer under criticism for previous work on an affordable housing project on the near-northwest side of Indianapolis has received initial city approval for financing help on the development’s next phase, but with several new requirements.
City reverses course, says Fountain Square homeless camp residents will be housed via new initiative
Streets to Home leaders said a recent 10-person pilot was successful and that stakeholders were able to “accelerate our timeline” to launch the program and get people from the Leonard Street camp housed.