Stabilizing mortgage rates have been a key factor in Central Ohio continuing its consistent growth. The inventory numbers are improving, but high demand continues to outpace the supply. As a result, we hit a new high in the median sales price of $320,000. This surge represents a 6.1% growth, surpassing theprevious highest monthly median sales […]
Tag Archives: home buyers
ARMs On the Rise!
Mortgage rates were back on the rise this week. For the average home buyer, the rate jump translates to an average monthly payment of $2,126, an increase of more than $280. With these rate increases, more and more buyers are looking into ARM’s (Adjustable-Rate Mortgages) to purchase their homes. Should You Consider an ARM? What […]
Have You Considered Buying a Second Home?
Buying a second home can be a significant financial commitment, but it can also bring variousbenefits. Whether you’re considering real estate investing or simply looking for a getaway, it’simportant to carefully assess the financial aspects and conduct thorough research before deciding.Here’s a summary of the key points to consider when buying a second home: 1. […]
A Pet Owner’s Guide to Managing a Second Home in Florida
Handling a multi-state living arrangement comes with some unique challenges, especially for pet owners who want to enjoy both homes with their animal companions. As one example, you might look to own Ohio real estate with the help of The Alfriend Group as well as a vacation home in Florida. This gives you the opportunity […]
Central Ohio Real Estate Newsletter: July 2022
Housing Market Update Rising interest rates and inflation are beginning to take their toll on the local real estate market! Last month, homes sales dropped 9.7% while pending sales were down 14% suggesting July sales will also be down from last year. “Higher interest rates and inflation along with escalating home prices are all working […]
Open House Etiquette Tips for Ohio Buyers
As the housing market in Ohio continues to hit its all-time highs, every stage in the process of home buying becomes even more essential. As a buyer, one of the breaking points of your journey is the moment when you start visiting houses you consider buying. We have some advice for you on the open […]
10 Things to Do After Moving: Your Move-In Checklist
Central Ohio Real Estate Update: May 2022
Housing Market Update Despite an increase in interest rates, home sales hit a record high in May! In 2021 the average sales price in May was $315,127 while, last month, the average sales price reached $353,116, a 12.1% increase. Furthermore, fewer homes in Central Ohio required a change in the list price compared to last year. […]
How to Find a Family-Friendly Neighborhood
Finding a perfect home for you and your family sounds like a pretty big challenge. You will have to think about multiple things at once, like providing a safe and interesting environment for everyone. Ohio is the state that is good for raising a family in general, but you will need to narrow down your […]
Central Ohio Real Estate Update: April 2022
Housing Market Update Continued low inventory combined with rising interest rates is taking its toll on the local housing market! In 2021 buyers purchased 83.2% of available homes. So far in 2022, inventory is 11.6% higher than last spring because buyers are now only purchasing 80% of the homes available. Interest rates on a 30-year fixed rate have […]