Sometimes it’s difficult to find the perfect house in the perfect location at the right price, such as in a low inventory market such as the one we are experiencing now. In these cases you may be interested in exploring the option of building a new home. But how much does it cost to build a […]
If you’re looking for the original plans of your home, for a renovation project or your own curiosity, there are ways to find them. What Are Blueprints? A blueprint is a reproduction of a technical drawing or engineering drawing used in the construction of a home and thus show a house as it was first constructed. […]
The Central Ohio Housing Market Remains Strong While some housing markets are experiencing price declines, home prices in Central Ohio continue to rise. Columbus, Ohio, was ranked 14th by Realtor.com® in its Top-100 Housing Forecast for 2023, based on several critical factors such as affordability at the median income level, combined sales, and price change year-over-year. Overheated […]
Residential real estate, including the home you live in, is an important component of the U.S. economy. The value of residential real estate minus the loans against it is one measure of economic health and has an influence on other parts of the economy. The 2007-2009 financial crisis was driven in part by a housing […]
To understand where Central Ohio home prices are heading, we look at four key things: supply, demand, affordability and credit availability. While the first two components don’t tend to change quickly, affordability and credit availability can move very rapidly. And that’s exactly what we’re seeing now. The upshot is that because the overwhelming number of […]
Columbus Ranks 5th On Realtor.com’s Hottest, Most Afford Housing Markets Columbus received national recognition in September as one of the hottest, and healthiest housing markets in the country. And despite rising interest rates, Central Ohio homes buyers are still reeling in benefits with home prices that are well below the national median. The Capital City […]
A new trend in home buying shows women are ditching the traditional custom that marriage should precede homeownership. In 2021, single women made up 19% of homebuyers, while single men accounted for only 9% of homebuyers. Since 2010, there has been a 30% increase in the number of single women purchasing homes. While this trend is encouraging in terms […]
A new Ohio law substantially changes the landscape for real property tax valuation challenges in the state. In general, it substantially curtails school districts’ rights to initiate and appeal property tax valuation challenges. Governor DeWine signed the bill on April 21, 2022. It became effective on July 19, 2022, and affects valuation complaints that relate […]
Many renters feel buying a home is an impossible dream. But consider this: A landlord expects to make a profit after paying the mortgage, taxes, insurance, repairs and other expenses. The landlord’s only income for the rental property is the rent paid by the tenants. As time goes on, and the value of the property […]
The Central Ohio Housing Market Remains Strong A booming local economy continues to boost a healthy housing market and Central Ohio home prices continue to rise. The average price of a home in central Ohio is still climbing as the area continues to be a desired destination to live, work, and play. That said, rising […]
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