Market Updates

Columbus area homes sales up 11% in December

By Chris Harpster 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.

FAQs $8000 First-Time Homebuyer Tax Credit

By Angela Murphy on January 11, 2010

Want credit and need answers? The following information will help you!

November home sales highest in four years

By Chris Harpster on December 22, 2009

Columbus Board of REALTORS®   Renewable market optimistic as prices continue to stabilize The month of November saw home sales soar 59.5 percent from this time last year with 1,839 listings purchased. Not since 2005 have November numbers been so high. “Historically low interest rates and the tax credits for homebuyers put first time buyers [...]

Mortgage Rates Expected to Rise in Early 2010

By Angela Murphy on December 4, 2009

If you want a higher interest mortgage rate, keep waiting!

Area home sales soar 26% in October

By Chris Harpster on November 23, 2009

I don’t think we are in the clear just yet, but it sure is nice to read some good housing news for a change.

Senate Approves $8000 Tax Credit Extension

By Angela Murphy on November 5, 2009

By an 85 to 2 vote, the first-time homebuyer tax credit, due to expire at the end of November, is expected to be extended to contracts written by the end of April and closed by June 30 of 2010.

Who’s Buying in Today’s Economy?

By Angela Murphy on November 2, 2009

We’re approaching double digit unemployment rates, Wall Street continues to be undependable, and credit card companies are changing their rules left & right even for the highest credit scoring cardholders. The economy is crazy, so who in their right mind is buying a house?

Tax Credit Bill Expanded to Repeat Buyers

By Angela Murphy on October 30, 2009

Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.

The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November.

Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years

Buyers, Don’t Shoot the Sheriff!

By Angela Murphy on October 27, 2009

Banks often buy their own properties at Sheriffs’ auctions and immediately begin to market these properties for sale. Buyers of these foreclosed properties are hanging in limbo waiting for deeds to be processed by the Sheriff. Some of these buyers still have hopes of closing before December 1st, the current deadline for the $8000 tax credit. Will they close?

Senate Dems reach deal on homebuyer credit: Dodd

By Chris Harpster on October 27, 2009

I am hoping this will ease some of the uncertainly in the housing market.