Central OH Real Estate Market Report March 2017

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:

Mortgage Rates Again at Historic Lows

Graph With Homes

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

Low Inventory Causes Central OH Home Prices to Accelerate

Central OH Home Prices Increasing Due To Low Inventory

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

Will Appraisals Continue to be a Challenge in 2016?

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