Central Ohio Housing Inventory at Record Lows Central Ohio housing inventory continued to decrease during the month of January to 3,410, which is 12% below December and 21.2% less than January 2017. This left central Ohio with a 1.2 months supply of inventory at the current sales pace and the 84th consecutive month of year […]
Almost every major US housing market is plagued by short supply. In fact, inventory nationally for pre-owned properties is at 3.9 months, down 10.4% from last year, this according to the National Association of REALTORS® (NAR) in a recent report. The challenge, according to Realtor.com®, could moderate in the next year. Groundbreaking is projected to […]
College debt is having a compounding effect on how millennials perceive and plan for homeownership. In a recently released report by the National Association of REALTORS® (NAR), eighty-three percent of millennials say they are delaying their home-buying plans by a median seven years as a result of their student loan debt. Twenty percent of the […]
Central Ohio home prices rising The median list price of new listings for central Ohio homes and condos during the month of April was $199,950, an 8.1 percent increase over April 2016 and a 1.0% increase from March. This is a new record high according to the Columbus REALTORS® Multiple Listing Service. Prospective buyers poured […]
Home Buyer Advantage Starts Now If you’ve been aching to buy a home but haven’t been able to seal the deal— we feel your pain. After all, pent-up demand left over from tight supply over the past two years, against the backdrop of mortgage rates remaining near three-year lows, combined with continued low inventory levels and fewer homes for sale […]
Home values are increasing and that should be a huge incentive for homeowners (including homebuilders) to put houses on the market. But that’s not happening and low inventory levels are leaving homebuyers competing for properties which in turn is driving up home values. U.S. home prices rose 5.4% in December, the largest year-over-year gain since July 2014. The median sales […]
According to a new study by the Mortgage Bankers Association, the housing market is poised for one of its largest expansions in history. By 2024, demographic and economic changes are forecasted to bring 15.9 million additional households on board. That means an average of 1.6 million additional households per year, sparking “housing market growth over the next […]
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. […]
Follow Us
Follow Us
Copyright © 2024 | Information deemed reliable, but not guaranteed. | Privacy Policy
Real Estate Web Design
by Dakno Marketing.
