Category Archives: Uncategorized

Columbus Ohio Housing Market Report – December 2021

2021 CENTRAL OHIO HOUSING ACTIVITY BREAKS RECORDS Fervent buyer demand in central Ohio, driven by pandemic-induced changes to housing needs and preferences, reached extraordinary levels in 2021. This increased competition for homes resulting in multiple offer situations which drove prices significantly higher for the year.   As a result, home prices and sales reached record highs […]

Ohio First-Time Homebuyer Savings Act

A coalition of Ohio real estate and financial organizations have joined forces in support of Senate Bill 24, Ohio’s First-Time Homebuyer Savings Act. The legislation, SB 24, introduced by Sen. Theresa Gavarone (R-Bowling Green) and Sen. Bob Peterson (R-Washington Court House), would authorize a first-time homebuyer to open a tax-deductible savings account to which a […]

Hundreds Of Thousands At Risk Of Losing Your Home As Forbearance Program Expire

Pandemic-related mortgage forbearance programs are expiring, but hundreds of thousands of homeowners continue to struggle with payments. When loan modifications fail to help, distressed homeowners may find themselves at risk of foreclosure. Pandemic-related aid allowed financially struggling homeowners to miss their house payments for, in some cases, up to 18 months. But as those programs […]

What Is a Shared Equity Mortgage

Shared equity programs can provide an excellent opportunity for affordable homeownership. They’re often run by government or non-profit organizations to provide first-time or low- to moderate-income buyers access to housing at prices substantially lower than otherwise available in a market. Several types of shared equity programs are available, but they usually include a requirement that […]

Is the Housing Market Heading for a Crash?

The housing market has been one of the strongest parts of the U.S. economy during the coronavirus pandemic but are rapidly rising home prices a warning sign of a real estate bubble? Could the U.S. housing market collapse as it did 14 years ago, triggering a severe recession? Talk to almost any real estate agent or housing […]