Bayer is building a $2.2 billion pharmaceutical plant in New Albany. Governor DeWine called it the largest international healthcare project in Ohio history and the biggest German direct investment the state has ever landed. Both true. Neither is the headline for investors. The headline: Central Ohio is no longer betting on one company. It’s building […]
Two Policy Shocks, One Opportunity September handed investors two cost increases in the same month. The Federal Reserve raised rates for the first time in three years, and Ohio’s property tax reform quietly started phasing out the 10% tax credit landlords have collected for decades. Most investors will read that as “sit this one out.” […]
The Fed Just Raised Rates. Central Ohio Didn’t Flinch. On September 16, the Federal Reserve did what almost nobody forecast a year ago: it raised rates, a quarter point, to 3.75%–4.00%. The vote was 12–0. Mortgage rates had already front-run the move, climbing to 6.95% — their highest reading in more than a year. Here’s […]
I own both. And they’re very different businesses. A lot of investors look at a short-term rental and think: “I can charge $300 a night. That’s $9,000 a month!” Maybe. But that’s not how the math works. A short-term rental isn’t simply a long-term rental with a higher rent. It’s closer to running a small […]
One of the questions I get all the time is: “Should I sell my house now, or should I wait?” After 40 years in real estate and thousands of transactions, I’ve learned that the answer usually has very little to do with trying to predict the real estate market. It has much more to do […]
Freddie Mac has the 30-year fixed at 6.95%. Daily lender trackers are north of 7%. The Fed just hiked for the first time in three years, and the 10-year Treasury is sitting at its highest level in almost two decades. NAR’s chief economist, Lawrence Yun, says to expect 7% as the new normal. So stop […]
For long-term, mid-term, and short-term rental investors. Two numbers to anchor this month. 6,193. That’s Central Ohio’s single-family and condo inventory in August — the highest August level in over a decade, per Columbus REALTORS®. 7.3%. That’s the national rental vacancy rate, per the Census Bureau, essentially unchanged from a year ago. Translation: you have more product to buy, and the […]
The Headline: 3,083. That’s how many homes closed across Central Ohio in August, up 6.3% year-over-year — per Columbus REALTORS®. Nationally, existing-home sales rose just 0.7% year-over-year, per NAR. We didn’t just beat the national number. We crushed it. And rates just gave buyers a break, easing down to a low of 6.65%, per Freddie Mac. Small move. Right direction. […]
Where population growth, employment corridors, and Census data say the next decade of Central Ohio demand lands. The Columbus metro added more than 21,000 residents in the past year alone, pushing the region past 2.24 million people — growth at double the national rate, and one of the fastest paces among large U.S. metros outside […]
A cap-rate comparison between short-term and long-term rental strategy — using real portfolio numbers, not brochure math. Every investor asks the same question eventually: long-term rental for stability, or short-term rental for yield? In most of Central Ohio, that’s a real debate. In Hocking Hills, it isn’t close. The demand side Hocking Hills has been […]
