Market Updates

By lschottenstein on December 10, 2010

It’s interesting to see how one can twist the news about the real estate market. For buyers it is all great news, which has a ring of truth. If you are not worried about your job and can get a mortgage. For sellers the good news is things are not much worse then last year. Of [...]

By amurphy on December 7, 2010

Alike in some ways, agents are helping the consumer with personal plans and while travel/vacations have pieces/parts; flight, car, hotel, etc… like RE transactions have pieces/parts; staging, marketing, photos, finding the house, getting the right financing, title, negotiations, etc… A vacation might be $5000+ vs. real estate transactions often exceeds $500,000 and ONE simple oversight [...]

By amurphy on November 30, 2010

December 1, 2010 by Angela Murphy, Partner, Revealty
The Internet is a great tool for finding the best deals on many things we buy. But, can you really find a steal of a deal on the house of your dreams online?
The NAR, National Association of Realtors, states over 90% of homebuyers use the Internet to research [...]

By charpster on October 26, 2010

Here is the lastest housing market update from the Columbus Board of Realtors.

By lschottenstein on October 25, 2010

Below is the most current press release from the Columbus Board of Realtors on the housing market for central Ohio.  Being politically correct they start off with the good news which is homes values have risen for central Ohio and that inventories of homes for sale are down from last year. Both of these are [...]

By charpster on September 23, 2010

Posted: 9/23/2010
Columbus Board of REALTORS®
Central Ohio home sales last month were down from the previous year but the average sale price of a home sold is again on the upswing. The 1,605 homes sold in August was 19.5 percent lower than the previous year, but thanks to the tax credit earlier this year, sales are [...]

By charpster on August 24, 2010

Posted: 8/24/2010
Columbus Board of REALTORS®
Although the first half of 2010 saw home sales increase up to 39 percent over 2009, July saw a decrease of 28.6 percent in sales.
“The expiration of the homebuyer tax credits created incredible activity last spring,” said Sue Lusk-Gleich, President of the Columbus Board of REALTORS®, “so we’re not surprised by [...]

By mhogan on July 1, 2010

The Senate approaved the Homebuyer Assistance and Improvement Act (H.R. 5623) giving home buyers who were under contract on a home purchased by April 30th until September 30th to close and claim the tax credit. Without this extension approximately 180,000 homebuyers who had signed purchase agreements would have missed the deadline.

By mhogan on July 1, 2010

For those who wanted to take advantage of the tax credit but missed the opportunity, it may have paid to wait. Reports have shown that with fewer buyers since the expiration, sellers have had to lower their prices to entice them. Although it depends on your price point, some of the decreases in the sales [...]

By lschottenstein on June 24, 2010

Locally the real estate activity for May was up significantly, 33% over May of 2009. Certainly the tax credit program had a great deal to do with this.  The average sales price is now 5% higher then a year ago. The real issue is what this means and what will happen in the future. Last [...]