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. […]
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 […]
Homeowners at or over 62 years of age may qualify for a reverse mortgage. It allows you to use the equity in your home to cover expenses by putting cash in your pocket. You can also use a reverse mortgage to secure a new line of credit. Reversal mortgages do not come with monthly payments […]
Housing Market Update The increase in sale prices combined with the increase interest rates is already impacting overall home sales in Central Ohio! Over the last couple of years, nine out of ten homes listed were sold. 91.3% of homes listed were sold in 2021, and the average was 92.8% in 2020; however, for the […]
Housing Market Update Central Ohio continues to be in the midst of one of the most competitive housing markets in history! The escalating intensity of bidding wars has led to more and more cash buyers entering the market. Already in these first couple of months of 2022, the share of cash buyers jumped from 21% […]
When many of us think about the idea of relocating for a job, we often imagine a stressful endeavor where we have to pick up everything and move at the last minute and all of the issues that come along with it, but it doesn’t have to be that way. With smart planning and tactics, […]
Some people see their home as nothing more than a roof over their head. But your home plays a far more critical role than just a place of shelter and warmth. It represents an essential part of your life and well-being. Here are some simple modifications you can carry out in your own home to […]
Data privacy is a hot topic right now, and for good reason. People are rightly concerned about how their data is being used, especially by large companies like Facebook. As real estate professionals, it’s important to understand why data privacy matters. In this article, we’ll discuss the importance of data privacy and explore why it’s […]
Housing Market Update Continued low inventory and fervent buyer demand led to record sales prices again in 2021! Pandemic-induced changes to housing needs and preferences is still highly impacting the Central Ohio real estate market. Such a disproportionate amount of homes on the market compared to the number of buyers led to another year of […]
As much as the real estate market has been thrown into chaos over these last couple of years, one thing has remained pretty consistent among homeowners and home buyers – they want smart homes. Having a smart home can have a lot of advantages – it increases convenience and comfort, it can save money on […]
