As of today there are just 1,704 homes listed for sale in Central Ohio on the Columbus MLS. That’s over 46% less than a year ago. To say that inventory levels are low and the housing market is competitive is an severe understatement. In today’s hyper-low inventory market, a new home is a great option for […]
CENTRAL OHIO POISED FOR RECORD YEAR Housing market activity for November and the first 11 months of 2020 has proven surprisingly strong in the wake of a pandemic that continues to plague the country. Central Ohio home sales, and prices are at record highs and homes are selling in record time, whereas inventory is at […]
Inheriting a house — while a generous gift from a loved one — kicks off a process that can be fraught with emotion. You’re likely receiving this property as a result of a loved one’s death, and the financial decisions that come with inheriting property can be stressful and confusing. The best way to move […]
As Top Producing Real Estate Professionals we are constantly ask ourselves and our sellers what they want in a real estate agent, and the professional they hire to list their home. Asking these types of questions is not only a hallmark of good customer service, but knowing what’s most important to our clients and how […]
The central Ohio housing market remains highly competitive as strong demand continues to outpace supply. Although the number of residential homes and condominiums for sale during the month of September 2020 was slightly ahead of the month prior by 2.0%, it was 48.9% below the number for sale during September 2019. Almost 3,500 homes were […]
The housing market continues to outperform historical standards as home prices continue to rise and homes continue to sell at a fast pace. Sellers are definitely calling the shots in today’s market however, two housing indicators may forecast a coming turn in the market. Housing demand from buyers has cooled slightly, while new listings showed […]
A June surge in the share of mortgages 90 days or more overdue is a signal the U.S. could be heading toward a foreclosure crisis, according to a recent report from CoreLogic. The share of mortgages with payments 90 days to 119 days late quadrupled between May and June, rising to 2.3%. This represents the […]
More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates. The pandemic and high unemployment rate haven’t slowed the housing market, and rather home buyers are facing heightened competition for a limited number of homes for sale. In an effort to make their offers more competitive, many have […]
Zillow has announced a partnership with homebuilder D.R. Horton (Locally Westport Homes), allowing buyers of new construction homes to sell their current homes directly to Zillow through its iBuying solution, Zillow Offers. D.R. Horton customers selling their current home through Zillow Offers receive an extended closing timeline of up to eight months, and the flexibility to modify the closing date to better […]
In spite of the pandemic, new residential construction is booming in Central Ohio. According to the Census Bureau, 16.4% more single family building permits were issued since the same period last year. This chart shows the numbers for January to April. May values are not available yet. New Construction for First-Time Buyers This is good news for buyers […]
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