Homes Continue to Sell For More Than List Price Unusually high demand for homes in central Ohio and a lack of sufficient inventory has resulted in homes selling for more than the asking price for the past couple of years, however, competition for homes on the market is showing signs of lessening, which could provide […]
All posts by Jason Opland
Columbus Ohio Housing Market Report – July 2021
More Inventory, Fewer Sales. For the fourth consecutive month, the number of new listings in central Ohio increased by over 20 percent. Over the past few years this type of double-digit increase in new listings would have been accompanied by a corresponding increase in home sales, however, this wasn’t the case in July. There were […]
How Tax Reform & Inflation Might Impact Real Estate
Potential tax reform and rising inflation may slow down the booming housing market. Assessing the proposed tax legislation and current market conditions will help you plan for what’s next. Right now, trying to predict the impact of federal tax changes on the residential real estate market is a guessing game. Since no bills have been […]
Legal Know-How: Taming the Neighbor’s Trees
Homeowners have the right to trim the trees and shrubs on their property—even if the foliage is growing in the neighbor’s yard. Droopy branches, decaying limbs, and invading plants from the neighbor’s yard can make your well-maintained property look dark and overrun. Fortunately, there’s a practical solution. In every U.S. state, homeowners have a common […]
Columbus Ohio Housing Market Report – June 2021
Record sales at record prices in record time! A healthy influx of new listings in June has resulted in the highest number of homes sold on record during any month ever in Central Ohio. There were 3,644 homes closed in June, which was 15.6 percent higher than last year, and 21.3 percent higher than May. […]
6 Reasons Why Rents Will Keep Climbing & How To Hedge Against It
Rents are shooting up, and new data suggests they’ll keep climbing at an elevated pace in the years ahead. The rally began in the housing market, where a buying frenzy dragged national inventory to historic lows and led prices to surge at their fastest rate in over 30 years. Not surprisingly it’s now spilling over into the […]
What to Expect When Shifting to a Buyer’s Market
2021 marks the tenth straight year that central Ohio home prices have climbed above the traditional norm of 4% per year. Will 2021 be the year that the housing market correction, and is a crash ahead? Given the low unemployment, wage growth and low interest rates, most economists today don’t foresee a recession in the […]
What Do Housing Experts Forecast For The Second Half Of 2021?
As we move into the second half of the year, questions about what’s to come for the housing market are top of mind not only for buyers and sellers, but homeowners as well. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021 […]
Roadmap for Homeowners Exiting Forbearance
The Consumer Financial Protection Bureau (CFPB) today released extensive mortgage servicing regulations it hopes will prevent “unwelcome surprises” for borrowers exiting forbearance. According to today’s final rule, servicers can initiate a foreclosure action only after the borrower has submitted a loss mitigation application, and either isn’t eligible for, breaks or rejects a loss mitigation agreement. […]
Startup Launches Credit Card to Save for Down Payment
A real estate startup wants to help renters become homeowners. Bilt Technologies has teamed with Evolve Bank & Trust and Mastercard to launch a credit card that enables cardholders to accumulate reward points through rent and other spending, with no fees charged to the tenant or the landlord when paying rent on the card. Rewards […]
