Heat Check: Home Sales, Rates, Deals of Mid-February

Heat Check 🥵 I’m going to give early Spring market in Indy a heat check of 6.5/10. The image below shows inventory from 15 days back. As you can see we have more properties that have gone pending than are new, BUT we do have almost just as many price drops. It’s a weird market… well-priced deals are flying off the shelves while, sub-par deals are price dropping, sometimes multiple times.

Moral of the Story: When rates are still upper 6’s, junk inventory doesn’t move…

Speaking of rates, the million dollar question seems to be, WHERE ARE THEY GOING!?

The Federal Reserve really has no clear reason to cut rates, outside of home affordability, which is not part of their mandate to control. They have pushed the Federal Funds Rate down a notch, which barely affected mortgage rates, but with unemployment / wage growth / inflation all holding relatively steady, they have no reason to push us back into an inflationary swing by lowering rates further.

I am predicting we end the year quite close to 6.3-6.4% interest. This will indeed cause 2026 to be a much bigger year for overall sales, however, 2025 is already shaping up to be a year that many folks bite the bullet and do their necessary moves.

Anecdotally speaking, I noticed February a huge uptick in pre-approvals being given for our team Roots. It seems I made countless introduction to mortgage lenders. These haven’t translated into pendings / closings but it’s coming down the pipeline. Shaping up to see a robust April & May in Indy! 🏎️🏎️🏎️

Where we are going today…

1. This Week’s Deals 🔥

2. Best Content I’ve Consumed This Week 🎙️

3. Upcoming Events 🗓️

The Roots Podcast goes deep into Indianapolis, Real Estate, Investing, Habits and more. If you enjoy this newsletter you will LOVE the pod.

This Week’s Deals

Below you’ll find deals I handpicked from what we have sourced off market and on the MLS.

PS- We have two investors off loading a significant amount of their portfolios of Single-Family and Multifamily properties. If you want the Spreadsheet list of these properties respond, “Portfolio” and I’ll get it to you!

MLS House Hack Deal 🔥

• 2113 Pamela Dr. — Broad Ripple Area (Zillow Link)

• Duplex

• 4/1 vacant side, 1/1 side rented for $1675

• Asking $365,000

• Does require flood insurance (~$1500-1900 / year)

Turnkey Easy Rental Play 🔥

• 1218 N Grant Ave — Little Flower Area (Zillow Link)

• Asking $165,000

• Fully Renovated

• 3 bedroom, 2 bath

• $1300-1600 Rent Rate

Easy First Homeowner / Rental Play 🔥

• 633 S Grand Ave — Irvington area (Zillow Link)

• Asking $175,000

• Fully Renovated

• 2 bedrooms, 1 bath

• Large unfinished basement, 2 car garage

• $1350-1600 Rent Rate

Off-Market Value-Add Deal 🔥

• 3710 N Capitol Ave, Indianapolis, IN 

• Duplex

• 1 bd, 1.5 ba each side

• Asking $145,000

• ARV $275,000

• Pictures Folder

Don’t see what you like? Not surprised this is just a sampling to get you educated on what’s out there! Get on Zenlist, our exclusive property search platform!

As always, if you have interest in deals email me ([email protected]) or text / call 317.443.5258. Or set up a time on my Calendly.

The Best Content I’ve Consumed This Week 🎙️

• From Classroom to CEO: Brian Snider's Transformative Lessons in Real Estate and Business — Indy Investor Speakeasy Podcast — I really enjoy hearing about Brian Snider’s journey in real estate, as a fellow former educator. He’s done some very cool things in the Mastermind / education space as well as private money lending. Give it a listen.

• The Roots Podcast — Ep 2: What Makes INDIANA the HIDDEN Gem of the Midwest? With Nate Spangle. Interviewing Nate Spangle has been a long time goal of mine. We are in a few running / fitness groups & networking groups but diving deep into how he built his massively growing Get IN media business was a huge aspiration of mine. We talk about Nate’s backstory, his habits and love of doing hard things, his rentals in Broad Ripple, what makes Indiana a hidden gem in the US, and much more!

Upcoming Events 🗓️

• Thursday, February 27th — Real Estate Happy Hour @ Refinery46. Find details here!

• Thursday, March 6th — 5-8pm — Roots Real Estate Masterclass — Topic of Discussion is Property Management Mastery with a panel of 3 property management pros! Find details here!

• Thursday, March 27th — 5-6:30pm — First Time Homeownership Workshop Co-Hosted with Approved Mortgage. Find details here!

THURS, MARCH 6TH:

Masterclass Eventbrite Page 

RSPV by pressing link & registering on Eventbrite!

Thanks for the read!

I started in real estate in mid-2021 after 4 years teaching in inner-city Indy. I found a passion for real estate after house hacking on Indy’s eastside. In 2023, a partner and I started Roots Realty Co.

Roots is a brokerage team part of the @properties brokerage in Indianapolis. We specialize in helping homeowners & investors Plant Roots & Build Wealth. We offer unique insights into Indy / Investing but also one-of-a-kind networking and education events. Come meet us…

I give anyone 30 minutes on a call. Book a time to chat and we will delve into your goals!

Tyler’s Website / Book a Call / Learn More…