Columbus Housing Inventory Is UP! It’s been rough for home buyers in Columbus. Housing inventory in the city has experienced 91 months of declining inventory, resulting in ever increasing prices and vicious bidding wars. The good news is, the streak of declining inventory in the city finally broke in September. The number of homes for … Continued
Do you LOVE seeing the latest trends in home design and construction? Check out the 2018 Parade of Homes! See seven gorgeous homes built by premier area builders: 3 Pillar Homes, Arthur Rutenberg Homes, Bob Webb Homes, Coppertree Homes, Manor Homes, Memmer Homes, and Romanelli & Hughes. These high-end homes offer the latest features, floor … Continued
National real estate reports are beginning to show a potential market shift. For instance, price cuts are up versus a year ago. This is especially the case in cities such as Seattle and San Diego. The cities with the highest rates of price reductions tend to be cities that were overheated. According to the latest … Continued
Columbus recently ranked 4th on Realtor.com’s Hottest Housing Market list! That’s no surprise to us at The Rita Boswell Group, and if you’ve been reading our market reports, you’re probably not shocked by this news either. Realtor.com based their list on homes that got lots of clicks on their website and how quickly homes are … Continued
If you’ve followed my market reports through the summer, you already know that Central Ohio is seeing different market conditions for different price points. Overall, the Columbus area has had (and continues to have) a Seller’s Market. However, buyers and sellers in the higher price points will likely find conditions more favorable to buyers. The … Continued
Central Ohio has been buzzing since mid-summer about the property tax valuation increases. You may have already received a mailer informing you of your possible tax increase. The good news is, property values are on the rise in Central Ohio! This is great for home owners, especially those who lost value during the recession. The … Continued
The trend of low housing inventory and rising prices continues across the nation. Let’s take a look at the real estate market for Central Ohio. Continue reading to see the latest numbers through May 2017.
On national real estate reports, inventory continues to be a concern, and prices continue to rise. Let’s take a look at the Columbus area real estate market to see what’s happening here in Central Ohio.
Westerville, Ohio Real Estate Market Highlights How’s the housing market doing so far in Westerville this year? Is it time to buy or sell? How quickly are homes selling? Keep reading to find the answers to these questions and more in the 1st quarter real estate market update for Westerville, Ohio.
Lewis Center Ohio Real Estate Market Highlights How’s the real estate market doing so far for 2017 in Lewis Center? Is it a Buyer’s Market or a Seller’s Market? How many days are homes sitting on the market? Find the answers to these questions and more in the 1st quarter market update for Lewis Center, Ohio.
A recent report from Zillow looked at how much more annual income renters in metro areas would need each month to keep up with increases in rent. The report found that renters in Seattle, LA, and Boston need the biggest income boosts in 2017 to keep up with increasing rent.
When housing prices move up, you can bet there are house flippers making money. U.S. house flipping hit a ten year high in 2016. The current Central Ohio real estate market is no exception. The Columbus area housing market has been on fire. In 2016, twenty-four communities in Central Ohio saw gross house flipping profits … Continued
March real estate numbers just came in for Central OH! How quickly are homes selling? Is it still a seller’s market? Where are prices headed? Does the housing market still need inventory? Let’s take a closer look at the latest data to answer these questions and more:
Recently, data trends specialists Esri Inc ranked the wealthiest zip codes in Central OH. On the heals of that list, Columbus Business First has ranked Central Ohio communities by median home values for 2016. It was no surprise that Westerville was listed as the #1 wealthiest ZIP code in Central Ohio, but how does it stack up … Continued
News Flash: Central OH Housing Inventory Continues To Drop The latest report from the Columbus REALTORS Multiple Listing Service shows that already low inventory levels are going even lower as the number of homes under contract increases.
Using a proprietary formula, the data trends specialists at Esri Inc. have provided Columbus Business First with a list ranking the wealthiest ZIPs in Central Ohio. Before you look at the list, take a guess at which community landed the #1 spot. Did you say New Albany? Upper Arlington? Or, perhaps, Dublin? Nope, none of … Continued
In Central Ohio, the 2016 housing market did well and finished strong! We saw home values move up and the number of days homes spent on the market go down. With 2016 in our rear-view mirror, it’s time to look forward to see what 2017 may have in store for the real estate market.
In a recent look at America’s best small cities, WalletHub named Dublin, Ohio as one of its top choices. Analysts at WalletHub looked at over 1,200 small cities and ranked them based on 30 livability indicators. These included “housing costs,” “school-system quality,” and even “number of restaurants per capita.” They grouped cities by percentile, with … Continued
More good news for Columbus, Ohio! We’re ranked #1 in the Midwest for real estate outlook! This year’s Emerging Trends in Real Estate report by the Urban Land Institute and PwC scored cities based on the real estate marketplace and overall development trends. This is a massive report, so here’s what it had to say … Continued
In real estate, we know location is is a big factor in picking the right home. It’s important to consider location for job-seekers as well. If you’re looking for a great city and the best place to move for a fast growing career, put Columbus at the top of your list! Continue reading to find … Continued
Having recently been named Best Big City In The Midwest, Columbus can now boast one of the country’s Hottest Zip Codes – specifically 43214. Continue reading to see what makes Columbus OH 43214 a “Hot Zip!”
While small cities might offer charm, people are flocking to big cities for the amenities, public transportation, jobs, parks, and the atmosphere. “…some of us don’t feel as if we’re really living unless we’re doing in in the middle of a bustling metropolis” – Money Magazine Article Author Sarah Max Recently, Columbus made the list … Continued
Low inventory has been the big news item in real estate lately, and buyers certainly are seeing this in Columbus. However, July 2016 saw an 8.3% rise in Central Ohio homes for sale compared to June 2016. While this is down considerably from last year, it’s the highest level yet seen this year according to … Continued
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their … Continued
Recently, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic news and a … Continued
The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report: “Without a significant … Continued
First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016. The fourth quarter RESI found that title … Continued
If you are debating listing your Columbus area house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale in Central OH The National Association of REALTORS (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: While feedback from REALTORS® … Continued
The monthly mortgage payment on a Central Ohio home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to go up in 2016. HOME PRICES CoreLogic has projected a nationwide 5.2% home value appreciation … Continued
