Since the epic housing boom and bust of the last decade, nearly 8 million borrowers have lost their homes to foreclosure. Now, with credit repaired, many of them want to try homeownership again. The numbers are small to start, but so-called boomerang buyers could become a significant driver of new housing demand over the next few years. In […]
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. […]
The same home you considered buying a year ago with a $200,000 mortgage would now cost about $90 more in interest payments per month, or about $1,080 per year, given the rise in mortgage rates since last year. But let’s put this increase into perspective – and take the long view. One thing seems certain: […]
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