How real estate and finances mix in Indy’s 2022 market

The biggest real estate stressors in INDY

Presented by an INDYtoday partner

Opendoor’s first-ever Financial Wellness Study looks at how people are tackling their finances and homeownership, along with the stress it can cause. | Photo provided by Opendoor

Financial wellness and homeownership are two sides of the same coin. A recent study from Opendoor found that 56% of current + prospective homeowners think about their finances for at least 30 minutes every day. (We feel that. 💸)

Homeownership is a major milestone of financial security that many aspire to — but it can be just as stressful financially as other ultimate goals like saving for retirement and saving for a child’s education.

Fast facts:

37% of prospective homebuyers believe that homeownership will improve their quality of life.
More than 78% are considering buying their first home in the next five years.
53% want to buy within the next two years.

If you’re a part of these percentages, join us as we take a look at how Hoosiers are tackling their finances + homeownership and how it affects their stress levels. (Read: You’re not alone if you’re sweating over downpayments. 😅)

The biggest real estate stressors in INDY — Natural light fills this stunner that features a fully equipped kitchen with sleek counters + dark cabinets, along with neutral floors and plush carpet in all the right places.

INDY real estate stressors by the numbers

The top homebuying stressors are:

Taking on additional debt (74%)
The burden of saving enough funds to complete the transaction (67%)
Fear of future monthly payments (53%)

Millennials feel added stress because of financial guilt. 16% of respondents noted that they feel stress while home buying due to feeling guilt from receiving financial support from family members.

Millennials are more likely to buy a home as an individual compared to Gen Xers and Boomers — adding to millennials’ existing stress levels. On the flip side, they’re concerned about societal stigmas around being a single homeowner.

Opendoor aims to remove the hassles that come with traditional real estate sales to create a stress-free experience. Get a free offer on your home or browse available INDY listings.*

TAKE THE STRESS AWAY

This content was created in partnership with Opendoor and written by Garcelle Vierra Erdie.*

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Today

Introduction to Microsoft Forms | Tue., Oct. 25 | 5:30-7:30 p.m. | Indianapolis Public Library Central Branch, 40 East Saint Clair St, Indianapolis | Free | Learn to create polls and surveys with Microsoft Forms.

Wednesday

Nitro Extreme | Wed., Oct. 26 - Sun., Oct. 30 | 1:30-11:30 p.m. | Castleton Square Mall, 6020 82nd St., Indianapolis | $15.00 - $45.00 | Lights, motors, action — this event features monster trucks + daring motorcycle stunts.

Thursday

Phillip Phillips & American Authors | Thu., Oct. 27 | 6 p.m. | Hi-Fi, 1043 Virginia Ave #4, Indianapolis | $35.00 - $95.00 | Celebrate the 10-year anniversary of Phillip’s debut album.

Friday

There’s No Place Like Home | Fri., Oct. 28 | 7-9 p.m. | The Tarkington, 3 Carter Green, Carmel | $49.00 | See the critically acclaimed full-length ballet that tells an emotional + truth-seeking story.

Saturday

Downtown Indy’s Free E-Cycle Day | Sat., Oct. 29 | 9 a.m.-1 p.m. | Old National Centre, 502 N. New Jersey St., Indianapolis | Free | Bring out your old electronics at this community event — enter via Alabama Street.

We have a monthly guide filled with events + activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

100+ MORE EVENTS

Weather

74º | Rainy | 88% chance of rain

Development

Say goodbye to the old Fishers City Hall. Demolition started yesterday on the building, which had begun sinking into the topsoil. For the next week crews will be tearing down the old City Hall. Sentimental residents are encouraged to take a brick as a keepsake. 🏗️ (FOX59)

Jobs

Jobs for America’s Graduates is expanding throughout Marion County. The nonprofit’s state-affiliated program is based on a national model to encourage young Hoosiers to graduate high school by providing work-based learning experiences. The aim is to provide career advancement opportunities + enrollment in a postsecondary institution. 🎓 (Inside Indiana Business)

Outdoors

Progress is being made on the new Steven Nation Nature Trail in Hamilton County. It’s planned to follow 234th Street from Cicero to the White River Campground at Strawtown Koteewi Park. Where did the name come from? It’s after a retired judge + current councilman.

Sports

Sorry Colts nation, the team announced today that starting quarterback Matt Ryan is out as starter for the rest of the season due to a grade 2 shoulder separation. Quarterback Sam Ehlinger will start against the Washington Commanders Sun., Oct. 30. 🏈 (WTHR)
Old School Players is a senior golf club that plays across the city with a quirky set of unwritten rules. There are only 24 players allowed in the club, but you can become a “fellow player” if you get on the waiting list. Trash talk is par for the course. 🏌️ (IndyStar)

List

Looking to dine + game this season? IndyStar put together a list of venues that are bringing the fun (and food) inside for the cooler temperatures, including 16-Bit Bar + Arcade, Fowling Warehouse, and K1 Speed. See the full list. (IndyStar)

Arts

This year’s Power Plant Grant recipients have major plans for Indy. Healer is using its $10,000 to decorate RVs, Boxx the Artist is exploring ways dark skin tones have been inaccurately represented in historical photos, and Kaila Austin is raising awareness about a Black impressionist painter from Indy. Get the details. 🎨 (IBJ)

Plan Ahead

Meghan Markle is coming to Indy. She’s scheduled to participate in the Women’s Fund of Central Indiana benefit on Tues., Nov. 29. The event will support the organization’s mission to invest in women + girls’ lives in central Indiana. It will be held at the downtown Marriott, so be prepared for heavy traffic in the area around 5 p.m.

DYK

Did you know you can support INDYtoday through our retail store? We’re celebrating the unique landmarks and history in Indianapolis with our online shop. Show off your INDY pride with stickers, hoodies, mugs, and more. No need to wait. Start shopping.

Real Estate

Opendoor + Zillow are joining forces. The new multi-year partnership will allow Zillow sellers to request an Opendoor offer. Customers will be able to use Zillow’s service as a standalone offering or package it with other Zillow home shopping services (read: financing, closing or agent selection). 🏡 *

Shop

Here’s a friendly reminder that we’re less than a week out from Halloween. Have you bought your costume yet? What about the candy? And if you wanna be the coolest parent or grandparent on the block — while increasing your trick-or-treater’s nighttime visibility — grab this affordable 100-pack of glow sticks.*

Content marked with an * is brought to you by our advertising partners and helps make this newsletter free.

Knead to get baked? 🧁

A local baker is bringing edibles to Irvington

Old Bittersweet sign outside new Hazeables spot

Saying hello to Hazeables + bye to Bittersweet is... bittersweet. | Photo by INDYtoday team

Indy baker Hazel Toledo is taking a whisk by starting a Delta 8-infused bakery in Irvington this month.

Opening on Sat., Oct. 29, Hazeables will serve cheesecakes topped with berry sauces, cupcakes, chocolate bars + puff pastries that incorporate THC that is legal in the Hoosier State.

Currently, Hazel’s products are being sold at a variety of smoke shops around central Indiana, like Hoosier Hemp Smoke Shop in Speedway. She will be taking over Bittersweet Bakery’s old spot at 5545 E. Washington St. + will sell non-infused products as well.

THE WRAP

Today’s issue was written by Anna.

Editor’s pick: Meghan Markle’s visit to Indy was a surprising addition to the day’s news sweep, but this isn’t the first time the Women’s Fund has brought in a popular figure as its special guest. Anyone remember when Michelle Obama came to Gainbridge Fieldhouse in 2018?

Missed yesterday’s newsletter? The FFA convention is coming to town.

Connect with us.

Editorial: Anna Bowman, Nicole Hernandez, Sarah Leonhardt, Erin McPherson, Ashlea Hearn, Emily Shea | Send us a scoop, question, or feedback.

Sales: Nicole Fancher | Advertise with us.

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