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Indianapolis, IN

Housing nightmare in America’s ‘best state to buy a home’

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Housing nightmare in America’s ‘best state to buy a home’


Just weeks after Indianapolis was named America’s best city to buy a home, the state it sits in has been hit with an alarming distinction.

Indiana now has the highest foreclosure rate in the entire country. In February alone, the state recorded one foreclosure filing for every 1,597 housing units – more than double the national rate of one for every 3,701 homes.

The numbers reveal a stark contradiction: the same state touted as a prime opportunity for homebuyers is also seeing thousands of homeowners struggle to keep their properties. 

The ranking of America’s top housing markets came from Zillow, which weighed factors including home price trends, affordability, and projected market growth. Markets ranked highest are seeing prices steady for now – but with gains expected in coming months. 

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Indiana topped the list, with typical homes around $283,040 and values set to rise about 2.9 percent this year. The market offers buyers a rare combination of affordability and future price gains.

In Indianapolis, the numbers appeared especially favorable. A typical buyer would need to spend only about 27 percent of their income on mortgage payments.

Indianapolis is widely seen as one of the Midwest’s most livable cities.

It is best known for hosting the legendary Indianapolis 500 — one of the world’s most famous auto races — and boasts a strong sports culture with teams including the Colts and Pacers.

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Zillow has declared the 10 best markets to buy a home in this year and Indianapolis, Indiana, topped the list

The city stands out for its historic monuments, growing arts scene, and central location that's earned it the nickname 'Crossroads of America'

The city stands out for its historic monuments, growing arts scene, and central location that’s earned it the nickname ‘Crossroads of America’

The city’s walkable downtown, expanding arts scene and central location — earning it the nickname the ‘Crossroads of America’ — have helped make it increasingly attractive to homebuyers.

But the foreclosure data suggests many existing homeowners are already struggling to keep up with rising housing costs.

Indianapolis – the state’s largest city – has been particularly hard hit. The metro recorded one foreclosure filing for every 1,249 homes in February, giving it the third-highest foreclosure rate in the nation.

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Only Lakeland and Punta Gorda in Florida reported worse figures for metros. Both of which have faced persistently high foreclosure levels.

A foreclosure occurs when a homeowner can no longer keep up with mortgage payments, prompting the lender – usually a bank – to begin a legal process to recover the unpaid loan, often by repossessing and selling the home.

Experts say a combination of rising property taxes, higher insurance premiums and the cost of maintaining aging homes is putting pressure on many Indiana homeowners.

Those financial strains are being worsened by slow wage growth in parts of the state. 

The surge in distressed properties can have wider consequences for communities. When banks repossess homes and sell them at discounted prices, it can drag down surrounding property values and erode the equity of nearby homeowners who have kept up with their payments.

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The city of Indianapolis had one of the highest foreclosure rates in the country in February, and its home state of Indiana saw the highest rate overall

The city of Indianapolis had one of the highest foreclosure rates in the country in February, and its home state of Indiana saw the highest rate overall 

As banks seize more homes and flood the market with discounted properties, surrounding home values drop, eroding equity for nearby homeowners who have kept up with their payments

As banks seize more homes and flood the market with discounted properties, surrounding home values drop, eroding equity for nearby homeowners who have kept up with their payments

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Indiana’s housing stress comes amid a broader rise in foreclosures across the United States.

In February, foreclosure activity across the country reached 38,840 properties – a 20 percent increase compared with the same month last year. 

Filings track the full spectrum of the process, from initial lender warnings to the formal repossession of homes after missed mortgage payments.

Although the February total was slightly lower than January, it marked the twelfth straight month of year-over-year increases, showing how Americans are increasingly struggling to pay their bills. 

‘Foreclosure activity in February marked the twelfth consecutive month of annual increases, extending a gradual upward trend that began early last year,’ said Rob Barber, chief executive of ATTOM.

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Foreclosure starts – when lenders officially begin reclaiming a property – have climbed 14 percent from last year, while completed repossessions have jumped 35 percent.



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Indianapolis, IN

Severe storm watch issued for much of Indiana, including Indianapolis area

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Severe storm watch issued for much of Indiana, including Indianapolis area


⛈️ Interactive radar | ⛈️Download the WISH-TV weather app for localized alerts

INDIANAPOLIS (WISH) — Much of Indiana was under a severe thunderstorm watch until 11 p.m. EDT Tuesday, the National Weather Service Storm Prediction Center said.

Indianapolis and the surrounding counties were in the watch area. The watch extends into Illinois.

Counties in the watch are Adams, Allen, Bartholomew, Benton, Blackford, Boone, Brown, Carroll, Cass, Clay, Clinton, Delaware, DeKalb, Elkhart, Fountain, Fulton, Grant, Greene, Hamilton, Hancock, Hendricks, Henry, Howard, Huntington, Jasper, Jay, Johnson, Kosciusko, LaGrange, La Porte, Madison, Marion, Marshall, Miami, Monroe, Montgomery, Morgan, Newton, Noble, Owen, Parke, Porter, Pulaski, Putnam, Randolph, Shelby, St. Joseph, Starke, Steuben, Sullivan, Tippecanoe, Tipton, Vermillion, Vigo, Wabash, Warren, Wells, White and Whitley.

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WRTV Meteorologist Adam Fieck said counties farther north were expected to have more severe weather than others in Indiana, based on a prediction for the areas. Fieck said storms will begin to work into the Indianapolis metro area as early as 5-6 p.m. Storms will exit the area by 11 p.m.

Fieck and WISH-TV Meteorologist Keith Gibson said main threats will be for gusty winds and localized heavy downpours. Small hail up to the size of a pea is possible, with a low-end risk for a brief spin-up tornado farther north.

After the storms, Gibson said variably cloudy skies are likely overnight, with cool lows in the mid-50s.

After the storms, Gibson said variably cloudy skies are likely overnight, with cool lows in the mid-50s.

On Wednesday, high-end severe weather appears likely in the region as an unusually strong storm system, by June standards, was expected.

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WRTV Meteorologist Ryan Morse said two rounds of showers and storms are expected, with the second being the bigger issue. A moderate risk is in place for spots northwest of Indianapolis, while most of central Indiana is at an enhanced risk.



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Indianapolis, IN

Why this Indianapolis-area district is changing the start and end times for school days

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Why this Indianapolis-area district is changing the start and end times for school days


Sign up for Chalkbeat Indiana’s free daily newsletter to keep up with Indianapolis Public Schools, Marion County’s township districts, and statewide education news.

When students in Decatur Township head back to class this August, they’ll start and end their days at new times.

The changes, which come with benefits for students and staff such as more sleep for middle school students and time for teacher professional development, are also in part, due to financial pressures schools face.

Changing start and end times means going from six different schedules to three, allowing for fewer bus routes and more savings to the district. School leaders said they are still implementing changes, but expect “impactful savings” to the district’s roughly $6.7 million transportation budget for this calendar year.

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New start and end times for Decatur Township schools

7:30 a.m. to 2 p.m.

  • Blue Academy Elementary
  • Gold Academy Elementary
  • West Newton Elementary

8:15 a.m. to 3 p.m.

  • Decatur Middle School
  • Decatur Central High School
  • Decatur Township School for Excellence

9:30 a.m. to 4 p.m.

  • Liberty Preschool/Lynwood Elementary
  • Stephen Decatur Elementary
  • Valley Mills Elementary
  • Decatur High Ability Academy

The priority is always how to best support students, said Scott Collins, superintendent of the Metropolitan School District of Decatur Township. Additional benefits to the time changes are for high schoolers to end their day earlier and to align schedules for grade levels.

Yet, Collins also acknowledged that the money aspect can’t be untangled from those decisions.

Decatur Township schools are not alone in responding to less property tax funding due to changes at the state level and wanting to show fiscal responsibility to voters ahead of a potential tax increase, known as a referendum, vote in November.

School leaders in Decatur anticipate $3 million less in property taxes this year due to property tax reform. And additional state changes also mean the district is considering putting a tax measure on the ballot a year earlier than planned.

“We’re trying to save dollars now so we don’t have to ask for as much money in the future,” Collins said. “We want to be good stewards.”

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And a big part of that for Decatur is busing – a key service that more than 70% of students in the district use daily during the school year. Plus, more than 1,100 of the district’s roughly 6,500 students use the bus each week for after-school activities like athletics, band, and clubs, Collins said. He added that buses are crucial for Decatur schools due to limited access to public transportation and limited ability to have walk zones for students.

Currently, the district uses a portion of its referendum dollars to pay for transportation costs, including salary and benefits for bus drivers, monitors, and mechanics. Without referendum funds, Collins said the district would have to consider additional busing changes such as walk zones and cutting after-school buses.

The district is considering a tax measure rate of roughly 27 cents per $100 of assessed value that would replace the current rate of roughly 29 cents starting in January if approved by voters.

In order to be on the ballot in November, the school board must approve and send the ballot question to the state Department of Local Government Finance no later than July 22.

MJ Slaby oversees Chalkbeat Indiana’s coverage as bureau chief. Contact MJ at mslaby@chalkbeat.org

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Chalkbeat is a nonprofit news site covering educational change in public schools.





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Indianapolis, IN

Affordable housing project breaks ground in Indy’s Bates-Hendricks neighborhood

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Affordable housing project breaks ground in Indy’s Bates-Hendricks neighborhood


INDIANAPOLIS (WISH) — The southeast neighborhood development broke ground today with the goal of bringing affordable housing access.

It’s located in the Bates-Hendricks neighborhood.

The East Street Flats will have five residential units and one commercial unit. Officials say the project is designed to increase access to quality affordable housing.

‘And as Bates-Hendricks has transformed…then the neighborhood is understanding that transformation. Leave no one behind, provide opportunity to everyone,” Major Joe Hogsett said Monday during the announcement.

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Officials say grants and redevelopment programs helped fund the flats.

This article was written using a script that was aired on WISH-TV.



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