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 […]
Category Archives: General Information
How To Get Blueprints Of Your Home
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. […]
How the Economy Affects Home Equity
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 […]
Where are Central Ohio Home Prices Headed?
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 […]
Despite Obstacles, Single Women Are Buying Homes At Higher Rates Than Ever
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 […]
Ohio House Bill 126 Significantly Changes Property Tax Valuation Procedures
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 […]
Renting vs. Buying
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 […]
Rising Mortgage Interest Rates are Keeping Homeowners from Selling, and It’s Just the Beginning
Over the past few years most pockets of the U.S. housing market have been plagued by a historically low inventory of homes for sale, which has lead to increased competition and driven up prices to record highs. The housing market finally appears to be entering a cool-off period, with price appreciate beginning to decelerate. But the […]
The Impact of High Mortgage Rates on Buying Power
The spring housing market is in full swing, and demand remains strong. While it has never been easier or more profitable to sell a home, buyers are less optimistic. For months now, homebuyers have been challenged by the scarcity of available homes, the bidding wars that ensue, and the possibility of being priced out of […]