We need more houses. It’s going to take a long time until we have enough. Check out what happened during and after the housing bust that began in 2008: Single-family house construction cratered. House completions have recovered a bit since 2011, but they’re barely above the depths of the 1982 recession. Single-family home construction is […]
Tag Archives: Housing
Is an Urban Migration Underway?
As 2015 rolls forward, there are several indicators that the housing market may have a break-out year. Millennials aren’t the only ones moving closer to the city. Baby boomers, and specifically wealthy baby boomer have also caught on to this trend. While millennials prefer markets such as the Short North, Italian Village, Harrison West, and Victorian Village. […]
2014 Year End Housing Market Report – Columbus OH
2014 a year for multiple offers and same day contracts in central Ohio It was a strong year for the Columbus and Central Ohio housing market and metrics like sales price (ie. home values) and sales to list price ratios were up. The overall average sale price of a home in central Ohio rose 5.1% to $183,099 for the year. […]