Welcome to the Indianapolis Real Estate Market Weekly Podcast! In today's episode, we dive into the pressing question on everyone's mind: Is the sinking housing market finally at the bottom? We have gathered insights from market experts who will shed light on the state of mortgage financing and discuss what the potential "new normal" might look like.

Over the past 15 months, the housing market has faced significant challenges as the Federal Reserve took action to combat rising inflation. Starting in March 2022, the Fed escalated its benchmark interest rate, causing a ripple effect in the housing industry. With a total of 10 rate hikes since then, the once-hot housing market came to a screeching halt.

As we approach the June 13-14 meeting of the Federal Open Market Committee (FOMC), industry professionals are bracing themselves for another potential shock to interest rates. However, amidst this uncertainty, there is a glimmer of hope. Many market observers believe that the Fed might pause its rate-escalation strategy at the upcoming meeting. According to the CME FedWatch Tool, which calculates probabilities for FOMC rate moves, there is a 77% chance that rates will remain steady within the current range of 5% to 5.25%.

In this episode, we will explore the implications of this possible pause in rate hikes and its impact on the Indianapolis real estate market. Our experts will analyze the current state of mortgage financing and provide their predictions for what the future might hold. Join us as we navigate through these uncertain times and seek to uncover the potential "new normal" for the Indianapolis housing market.

Tune in to the Indianapolis Real Estate Market Weekly Podcast to gain valuable insights and stay ahead of the ever-changing real estate landscape.

Thank you to our staff for the information.

Host Tony Cardenas - IndyPodcast.Media