Blocked by Wall Street: How homebuyers are being outbid in droves by investors

Contributing sentiments towards policy:

54% : From 2018 to 2022, out-of-state investors paid in cash in for over 70% of their real estate transactions compared to a third for Indianapolis-based homebuyers, the center found.
52% : Indianapolis has long been seen as an affordable haven for families wanting to buy a home to raise children, but the relatively lower housing costs here compared to other major cities is also the very thing that has attracted out-of-state investors in droves.
50% : The largest owners are mostly out-of-state companies:Indianapolis' rental housing market has been especially affected by these mega investors.
50% : In 2014, Habitat for Humanity of Greater Indianapolis started to buy homes in need of repair to rehabilitate into affordable housing, but noticed they were increasingly competing against out-of-state real estate investors buying homes in cash and making offers above asking price, the president and CEO, Jim Morris, said.
50% : Indianapolis has implemented anti-displacement strategies that allow people to age in their homes, including a property tax break pilot program in Riverside.

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