Market Updates

By lschottenstein on May 19, 2010

I thought this article gave an interesting prospective about longer term growth for home owners.
 
By Robert Freedman, senior editor, REALTOR® Magazine
With the housing recovery still fragile, it’s hard to look ahead with anything but caution. However, the long-term prospects for the market are “incredible,” FHA Commissioner David Stevens told REALTORS® yesterday in the opening [...]

By lschottenstein on May 10, 2010

The expiration of the home buyer tax credits won’t deter optimistic households who believe the market is improving, according to a survey released last week. 
More than 90 percent of those surveyed believe the home buyer tax credits have helped both first-time buyers and the overall housing market, but 65 percent say that the end of tax credits [...]

By amurphy on April 26, 2010

In a recent analysis, the New York Times recommends that the rent ratio – the purchase price of a typical house divided by the annual rent of a similar house – shows that Columbus’ market favors buying a home over renting one.

The rent ratio for Columbus for 2009 is 16.9 and, as the Times states, “a number well below 20 makes a better case for buying.”

By charpster on April 22, 2010

It appears the market is moving in the right direction. I am interested to see what effect, if any, the expiration of the home-buyer tax credit and rising interest rates will have. I belive the housing market will continue to improve on a slow steady pace.

By charpster on March 28, 2010

These kind of reports have created a great deal of confusion for Buyers in the Columbus market. It is difficult, if not impossible, to apply appreciation / depreciation using statistics. It would be like claiming the average temperature in the United States in 52 degrees, clearly the temperature in Florida is going to be different than the temperature in Alaska. The same holds true in real estate, each market / school district / subdivision / style of home is unique and should be evaluated on an individual basis.

By charpster on March 12, 2010

I am curious to see how this impacts single family home rentals as many sellers have been forced to rent their homes in order to buy time for the market to improve.

By charpster on March 1, 2010

I am not celebrating yet, but it sure is nice to see some improvments in the new build market.

By mhogan on February 23, 2010

If you like playing the waiting game in real estate then there is a strong possibility of missing out on a great opportunity when the market turns, and it will. Don’t be caught standing at the dock. Prices are right, rates are low and there are many fish in the sea, er, boats.

By charpster on January 26, 2010

This should be an interesting year. Hopefully, the employment numbers improve quickly, which I believe is key for the housing market.

By amurphy on January 11, 2010

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