Real Estate

The disappearance of houses for sale, builder supply chain problems and 7%-plus mortgage rates have made renting more affordable than buying. Sort of.

Why it matters: It's a miserable time to search for housing, and people are feeling the trauma.

Affluent renters opting out of homeownership are driving Indianapolis' apartment boom.

Driving the news: Downtown Indianapolis has added over 3,000 apartments in the past five years, with more than 1,700 on the way through next year, per the IBJ.