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 […]
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 […]
Selling everything in a home is no simple task, and just the thought can leave folks feeling completely overwhelmed. Enter the estate sale. An estate sale or estate liquidation is a sale or auction to dispose of a substantial portion of the belongings/property owned by a person who must dispose of their personal property to […]
The option to work from home or remotely is likely to become part of the workforce culture. A larger fraction of workers allowed to work from home will change the mix of demand for residential and commercial real estate between the city and the suburbs, give rise to new home designs that allow workers to […]
A cash-out refinance replaces your existing mortgage with a new home loan for more than you owe on your house. The difference goes to you in cash and you can spend it on home improvements, debt consolidation or other financial needs. You must have equity built up in your house to use a cash-out refinance. […]
Mortgage interest rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. At over three trillion, 2020 will only stand behind 2003 in single family mortgage production history. Second, the MBA joined […]
If you were thinking tech and for-sale-by-owner real estate transactions might replace real estate agents, new data should put this notion to rest: in the first half of 2018, 90% of home buyers and sellers used an real estate agent, according to the REAL Trends 2018 Consumer Study released on Monday, That’s the highest rate […]
While buying a home remains one of the biggest investments a person will make in his or her life, there’s always a lingering fear that something may go wrong soon after the purchase. Though home inspections may catch most of these problems before they occur, what happens if a major system or appliance goes haywire […]
Knowing the basics of FHA loan rules can increase your chances of selling your house or condo. If your house meets the FHA guidelines, it will appeal to buyers who plan to use an FHA-insured mortgage. If your house doesn’t qualify for an FHA loan, you’re cutting out 30% of potential buyers. FHA is especially important […]
The Good Funds Law went into effect on April 6, 2017 amending Section 1349.21 of the Ohio Revised Code to require stricter controls for all residential real estate transactions involving the sale, purchase, or refinance of such real estate. The law was passed as an attempt to combat and thwart ramped-up, and increasingly advanced fraudulent […]
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