Many homeowners have been reluctant to list their homes for sale, some by choice, some for fear of being able to find a replacement home and being able to time their transactions, while others express concern about the ability to afford a new home. If you’re one of these owners call us today to learn […]
If you’ve been aching to buy a home but haven’t been able to seal the deal we feel your pain. After all, pent-up demand left over from tight supply over the past two years, against the backdrop of mortgage rates remaining near historic lows, combined with continued low inventory levels and fewer homes for sale […]
Home prices setting records in central Ohio Across the nation existing-home sales bloomed in May, with the median days on market at a new low and the median sales price at a new high. The job market in most of the country is healthy and the recent downward trend in mortgage rates continues to keep […]
Central Ohio home prices rising The median list price of new listings for central Ohio homes and condos during the month of April was $199,950, an 8.1 percent increase over April 2016 and a 1.0% increase from March. This is a new record high according to the Columbus REALTORS® Multiple Listing Service. Prospective buyers poured […]
When the Federal Reserve Board raised interest rates in March, most industry professionals and “people in the know” anticipated that mortgage interest rates would begin to rise as well. Turns out that those “in the know” didn’t know as Mortgage rates for home loans have, in fact, come down a bit. Interest rates for 30 […]
On average, a home’s value generally appreciates 3% to 4% per year here in Columbus and Central Ohio. This is attributed mostly to population growth and inflation. From 2011 to 2016, the national housing market was recovering from the bubble at a slightly higher speed of 6.3% per year, on average. Realtor.com®’s research team sought […]
Homes continue to sell quickly There were 2,531 central Ohio homes and condos sold during the month of March, a solid 50.8% increase over February and a 3.9% increase over the same month a year ago. This was the highest number of home sales on record for the month of March as well as the […]
While the media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac), a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen. The Mortgage Bankers Association (MBA) quantifies the […]
If you’re considering building a semi, or fully custom home one of the first things you’ll want to consider is how you’ll finance the construction of your new dream home. Construction loans are not only more difficult to qualify for, but they are also more complex and can be a bit overwhelming. It’s important that […]
You’ve no doubt heard that homeownership is a great investment. However, few homeowner’s fully understand why and how and this is especially true when it comes to home equity. For most their home is our largest financial asset, in most cases making up over half of their net worth. But how can you use your […]
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