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 […]
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 […]
Housing Market Update Leaves may be falling, but sales prices are still holding strong here in Central Ohio; so, contact me today to list your home before the holidays! Last month, homes continued to sell at higher prices than the previous month. The average sales price of a home in September was $239,564, a 3.2% […]
Housing Market Update Summer is near, and the Central Ohio real estate market is hot! Demand continues to outpace supply causing homes to sell in record time, and at record prices. The average days on market for homes under $350,000 was only 26 days in the month of April. Homes priced between $350,000 – $500,000 […]
Housing Market Update The weather is getting hot, and so is the Central Ohio real estate market! The Columbus area was ranked #1 hottest housing market in March by Realtor.com based on home listing activity and days on the market. One thousand more homes were listed for sale in March than in February which generated increased […]
Housing Market Update Spring is here, and so are the home buyers! 1,741 homes were sold last month which was 3.7% higher than this time last year, and 8.9% higher than in January 2019. After peaking late last year at just over five percent, home mortgage rates have come down a half percent (or more) […]
