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WIBC 9AM-Noon Podcast

Housing nightmare in America’s ‘best state to buy a home’ as banks suddenly seize thousands of properties

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 16 March 2026

⏱️ 8 minutes

🧾️ Download transcript

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0:00.0

Spring has finally sprung and we're kicking off the season with one of our favorite events of the year, Pansy Roulette.

0:06.7

Every spin is a win guaranteed to save 10 to 100% on plants, gifts, and more.

0:13.1

We'll see you at Sullivan's.

0:29.2

We're told over and over again that Indiana is one of the best places to buy a home because of the affordability.

0:36.1

However, you could say it's also a housing nightmare in America's best state to buy a house.

0:39.9

Banks are suddenly seizing thousands of properties across the state, and Indiana has been among the states with the highest foreclosure rates.

0:46.6

I believe we're actually number one. Foreclosures rising in Indianapolis, also Marion County.

0:53.0

You also have pre-foreclosure filings.

0:55.5

They've climbed year over year, and this is showing an uptick even after the pandemic drop has ended.

1:03.2

So you've got rising housing costs, and you've got those rising property taxes, and they are squeezing homeowners.

1:09.5

Yeah, so absolutely.

1:11.4

Indianapolis, actually the state of Indiana had the highest rate of foreclosures in February

1:16.2

2026, higher than any other in the country.

1:18.8

Now, keep in mind that's on a per capita basis.

1:20.9

Obviously, you know, California is the most populous state in the country and they're always

1:24.6

going to have the most by sheer raw numbers.

1:26.9

But when you look at it as a per capita basis, Indiana, Indiana was the number one housing market to have

1:33.3

the most foreclosures in February of 2026. So you've got pandemic-era Indiana homeowner assistance

1:38.9

funds. They may have helped for a little bit. Those programs are since closed. So now that's just leaving fewer

1:46.1

supports available. And that is property taxes causing all of these foreclosures.

1:52.2

Yeah. And that's certainly a big part of it. Another big part of it, too, is that we've seen

1:56.2

just a very little wage growth here in the state of Indiana. So if you've been here, if you're a

...

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