Spring 2023 Housing Study
How Do We Fix This? Solving the Indianapolis Metro Area Housing Shortage
Over the next two decades, Indiana is expected to add over a quarter of a million jobs to the economy. Tommie Jones, quality control inspector for Cook Medical, is one of the employees hoping to move into the area to work, but she cannot find housing that she can afford. She was forced to squeeze in with her sister’s family, while waiting – and…
Investigating the Housing Supply Deficit: What Building Permits Tell Us About the State of the Market
The housing market has dominated headlines for the past several years. Let’s take a dive into the numbers and see what’s going on right here in our own backyard. The Housing Supply Deficit: By the Numbers As we look at statistics and data, remember that behind each number is an individual or family, a manager, nurse, first responder, teacher,…
Indianapolis Metro Area Housing Shortage: Homeownership Out of Reach for Millions of Hoosiers
Good news. The Plaza at Central Greens, a complex being built in Indianapolis, will offer 122 two- and three-bedroom units aimed at Indy families and individuals who make 60% less than the median income for the area. A family of four making less than $55,000, for example, is eligible not only for secure housing but also for resources such as…
The New Math: How Many Hours Do You Need to Work to Afford a Mortgage?
For today’s home buyers, the “American Dream” is just that – elusive and even fantastical. Like striding towards a goal in a sleep state, achieving ownership always seems just out of reach. As soon as we think we can grasp it, that we’re running fast enough, it slips further away. Declining affordability is a major hurdle to attainable housing,…
Central Indiana Housing Crisis: Declining Affordability Pricing Millions Out of the Market
The once white-hot demand for housing has now declined in Central Indiana. But it’s not because fewer people want to buy; it’s because more of them have given up. The unsustainable rate of price appreciation did slow last year – but as mortgage rates doubled to nearly 7%, this news did little to revive the hopes of weary home buyers. What’s…
What’s Next for the Central Indiana Housing Market? Economist’s Predictions for 2023
What goes up must come down. It’s a basic law of physics – and, as it turns out, of the housing market. But how far? How fast? When? And will it be enough to make housing attainable for hardworking Hoosiers, millions of whom were already priced out? What’s next for the Indiana housing market? Dr. Steven Byers, senior economist with the Common…
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Investigating the Housing Supply Deficit: What Building Permits Tell Us About the State of the Market
The housing market has dominated headlines for the past several years. Let’s take a dive into the numbers and see…
Indianapolis Metro Area Housing Shortage: Homeownership Out of Reach for Millions of Hoosiers
Good news. The Plaza at Central Greens, a complex being built in Indianapolis, will offer 122 two- and three-bedroom…
The New Math: How Many Hours Do You Need to Work to Afford a Mortgage?
For today’s home buyers, the “American Dream” is just that – elusive and even fantastical. Like striding towards a goal…
Central Indiana Housing Crisis: Declining Affordability Pricing Millions Out of the Market
The once white-hot demand for housing has now declined in Central Indiana. But it’s not because fewer people want to…
What’s Next for the Central Indiana Housing Market? Economist’s Predictions for 2023
What goes up must come down. It’s a basic law of physics – and, as it turns out, of the housing market. But how far?…
The WHY Behind the Common Sense Institute Housing Study
We know. We all know – you cannot help but listen to, read about, or see the challenges of the current housing market.…