Market Conditions • May 19, 2023

Central Ohio Housing Report – April 2023

by Errol Butcher

by Columbus Realtors with additional content by Errol Butcher

Median Sales Price Tops $300,000

For April 2023, the median sales price in central Ohio rose above $300,000 for the first time since July of 2022 in the latest housing statistics for April 2023 from Columbus REALTORS®.

The median sales price rose 4% year-over-year and 5.5 percent month-over-month. This is only the fourth time that the median sales price has crept over the $300,000 mark since statistics began being tracked by Columbus REALTORS®. The other three occurrences were in May of 2022 ($310,830), June of 2022 ($315,000), and July of 2022 ($300,563).

Year-Over-Year Decrease

There were 2,175 closed sales in April, a 21.5% decrease year-over-year and a 5.6% decrease compared to March.

“May of 2022 was right about the peak of the market in central Ohio. At that time last year, we had even less inventory than we do right now, and homes were selling in 13 days,” recalled Columbus REALTORS® President Patti Brown-Wright. “We know that mortgage rates are higher, but the housing market in central Ohio is still very much in-demand.”

Strong Demand / Low Inventory

In April, the average number of days on the market dropped to 24. In March, homes averaged 34 days on the market. The percentage of the last list price received also ticked up to 101.1%. Last year, at the market’s peak, homes sold for nearly 5% over asking.

“Inventory is playing a big part in all of this,” noted Brown-Wright. “A balanced housing market requires about 5-6 months of inventory. We have less than a month of inventory, so central Ohio remains a strong seller’s market.”

Inventory Driving Prices Up

Interest Rates Play a Part

Rates on a 30-year fixed mortgage hovered slightly over 7% in April, and according to statistics from the Central Ohio Regional MLS, 20% of all closed sales in April were cash sales, while 65% were conventional mortgages and 16% were government-backed loans.

Local Spotlight

In the local market spotlight, homes in the Dublin Local School District (LSD) covering Franklin, Deleware and Union Counties saw just 73 closings in April versus 119 in 2022, a 38.7% drop year-over-year. For the year, the market is down 23.5% with just 250 homes sold versus 350 in 2022. Predictably, the average price, $523,659, and median , $435,000, prices were both up in April compared to last year. Along with the price and interest increases, days on market expanded from 8 days to 19 days.

Homes in the Hilliard CSD School District (CSD) covering Hilliard and parts of Prairie Township saw just 97 closings in April versus 109 in 2022, an 11% drop year-over-year. For the year, the market area is down 10.8% with just 298 homes sold versus 334 in 2022. Predictably, the average price, $378,706, and median , $385,000, prices were both up in April compared to last year. Along with the price and interest increases, days on market expanded from 5 days to 13 days.

Homes in the South-Western City School District (CSD) covering Franklin and Pickaway Counties and including Grove City and Galloway saw just 116 closings in April versus 187 in 2022, a 38% drop year-over-year. For the year, the market area is down 17.4% with just 476 homes sold versus 576 in 2022. In a reverse to many of the areas markets,, the average price, $303.159 fell 2% compared to April of 2022. Median price rose to, $287,950, prices rose 4.7% in April compared to last year. Along with the price and interest increases, days on market doiubleed from 14 days to 28 days.

Marion saw a 19% increase in closed sales (50). The average sales price in Marion was $165,667, roughly half the cost of the average sale price in central Ohio. Big Walnut LSD in Sunbury also saw a 50% rise in closings as their average sales price climbed 16.2% to $533,230 in April. Of the 2,175 closings in central Ohio, 54% occurred in Franklin County, where the average sale price increased 2.5% to $340,434.

About Columbus MLS

Columbus REALTORS® is composed of almost 10,000 real estate professionals engaged in residential and commercial sales and leasing, property management, appraisal, consultation, real estate syndication, land development, and more.

The Columbus REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Licking, Madison, Marion, Morrow, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Muskingum, Perry, and Ross counties.

Here for You

If you are considering selling your home or looking for your next, I can help! To request a free complete guide to selling your home or a competitive market analysis click here. To find available homes by school district, click here.

Home Sales • Market Conditions • April 24, 2023

March 2023 – Central Ohio Housing Report

by Errol Butcher

by Columbus Realtors

THE REGION SAW A 33 PERCENT BOOST IN CLOSED SALES MONTH-TO-MONTH.

March signifies the start of Spring, and the central Ohio housing market saw a significant uptick month over month. There were 2,304 closings in March as the average sale price increased to $328,769. In February, there were 1,728 closed sales marking a 33 percent increase month to month.

Columbus Ranks 4^th Nationally

Columbus moved up one spot on the Realtor.com Top 20 Hottest Housing Market list, jumping from fifth place in February to fourth in March. The Hottest Housing Markets are based on market demand, as measured by unique views per property on Realtor.com, and the pace of the market, as measured by the number of days a listing remains active on Realtor.com.

In March of 2022, there were 2,430 closed sales, which equates to a 5.2 percent decrease yearly. The average sale price one year ago sat at $318,826. With the average increasing by over $10,000, the average sale price is up 3.1 percent over last year.

“Home prices continue to tick up each month around Columbus,” said Columbus REALTORS® President Patti Brown-Wright. “That can pose some challenges to potential buyers, but it’s also important to remember that Columbus remains one of the most affordable metros in the U.S.”

According to the Bankrate.com Cost of Living Comparison Calculator, living in Columbus is 40 percent lower than in Seattle, 19 percent lower than in Denver, 41 percent lower than in Washington, D.C., and 3 percent lower than nearby Indianapolis.

For the better part of two years (2020-22), central Ohio homebuyers became accustomed to homes selling for slightly over the asking price. Last year the percentage of the last list price received sat at 103.5%, and this month the average is back over asking at 100.3%.

Home sales are rising, and days on the market are dropping. 72.6 percent of homes sold in 30 days or less in March. On average, homes last 34 days on the market, but that isn’t the case in some of central Ohio’s hottest suburbs.

There were 82 closed sales in Westerville City School District in March, and homes were on the market an average of 16 days. Dublin (Corp.) saw 33 closings, and homes were sold in 10 days last month.

Even with Escalating Prices, Columbus is Still Affordable

In the Hilliard School District, there were 74 closings, down from from 96 last March, and homes were on the market for 23 days compared to just 8 days for the same period last year. Home prices, however, continue to rise, up .5% to $359667.

“The competition is still fierce out there,” said Brown-Wright. “With mortgage rates still hovering around 7 percent, there are not as many new listings coming onto the market as there were at this time last year. Buyers need to act fast.”

There were 2,630 new listings in March, a 20 percent drop over 2022 when rates were 3-4 percent lower. The decreasing number of new listings has the total inventory at 2,322 homes in central Ohio.

For the second-straight month, South-Western Consolidated School District in Grove City has remained hot with 151 closed sales at an average sales price of $310,138, up 13.4 percent year over year. Olentangy Local School District in Delaware County has kept up its torrid pace with 111 closings with an average sale price of $584,123, a 10.1 percent increase over March 2022.

“We’re heading into peak season for buying and selling in central Ohio,” noted Brown-Wright. “REALTORS® are there to help potential buyers and sellers navigate this challenging market, so don’t hesitate to reach out.”

Like last month, Ohio boasts five metros in the Realtor.com Top 20. Columbus (4^th) leads the way, followed by Dayton (11^th), Akron (15^th), Canton-Massillon (16^th), and Toledo (17^th).

If you are considering selling your home or looking for your next, I can help! To request a free complete guide to selling your home or a competitive market analysis click here.To find available homes by school district, click here.

Click here for the original article.

Home Sales • Uncategorized • April 2, 2023

Year-to-Date Sales

by Errol Butcher

Spring Fever

Coming into Spring, it’s time to see where the market stands.

The average sales price in Dublin. is $481,276. Days on market is 25 days. Homes in Dublin are selling at .6% over list price.

The average sales price in Hillard stands at $372,237. Homes here are selling at the fastest clip on the west side at 18

days on market and at the highest rate of the .7% over list price.

Galloway average sales price average at $290,658. Days on market is 24 days Homes in Galloway are selling at an impressive 2.1% over list price compared to its pricier neighbors.

The average sales price for homes sold in Grove City is $350,246. Days on market rose is longest on for the west suburbs at 34 days, with homes selling at .4% over list price.

The smallest suburb (and likely the most resistant to being called a suburb), West Jefferson, average sold price settled at $278,775. Days on market ties for shortest with Hilliard at 18 days. West Jeff also holds the dubious distinction of being the only suburb where sold prices fall below list prices at -.02%.

If you are considering selling your home or looking for your next, I can help! To request a free complete guide to selling your home or a competitive market analysis click here.

Uncategorized • February 4, 2023

Understanding Home Loans

by Errol Butcher

Overview

On May 1, 2023 changes to the Level Price Adjustments (LLPA) will impact the interest rate you pay on mortgages. Because the mortgages written over the next few months will be eligible for purchase by Fannie Mae and Freddie Mac in the pursuing 60 days, lending institutions will begin using these guidelines as early as April, or sooner depending on the lender. It’s kind of wonky, but it really helps to understand how the lender arrives at the number you pay. The lending institution lends you money. They also want it insured so that if you default, they do not lose the principal.

Fannie and Freddie

Fannie Mae was charted by the U.S. Congress in 1938 because leaders wanted promote home ownership by making it more affordable. The principal mechanism was to make long-term mortgage loans more attractive to lenders by allowing smaller down payments.

Freddie Mac was charted by the U.S. Congress in 1970 after Fannie Mae became a private shareholder-owned corporation. The purpose was to divide the monopoly position Fannie Mae posed.

While the percentage changes year to year, since 2002, Fannie Mae and Freddie Mac bought and bundled anywhere from 55-64% of mortgages. They purchase mortgages from lenders, package them into securities, and sell those securities to investors. This keeps money flowing back into lending institutions so the have ample funding to extend more loans and help more people by homes (source).

Variables

There are many variables that drive the interest rate you pay. Below are some of the larger variables:

Economic indicators: Changes in the economy, such as inflation and unemployment rates, can impact mortgage interest rates.
Federal Reserve policy: The Federal Reserve can raise or lower interest rates to control inflation, which can in turn affect mortgage interest rates.
Lender’s risk tolerance: The riskier the loan, the higher the interest rate will be to compensate the lender for taking on more risk.
Loan type: Different types of loans, such as fixed-rate or adjustable-rate mortgages, can have different interest rates.
Loan term: The length of the loan, typically 15 or 30 years, can impact the interest rate.
Down payment: A larger down payment can reduce the amount borrowed, making the loan less risky for the lender and potentially resulting in a lower interest rate.
Credit score: A higher credit score can indicate to the lender that the borrower is a lower risk, potentially leading to a lower interest rate.
Property type: The type of property being purchased, such as a single-family home or a multi-unit building, can impact the interest rate

Next week, I will dive into how the LLPA weigh these factors and how they impact how your lender may recommend you structure your mortgage.

These are some of the key variables that can impact mortgage interest rates. It’s important for homebuyers to understand these factors and to work with a lender to determine the best mortgage options for their specific needs and financial situation.

If you are considering selling your home or looking for your next, I can help! Click here for a quick guide to home staging success. To request a free complete guide to selling your home or a competitive market analysis click here. If you are considering selling your home or looking for your next, I can help!

To explore available homes in the Columbus metro, click here.

Uncategorized • January 30, 2023

Buying a Brand-New Home in 2023

by Errol Butcher

Housing affordability and availability are major concerns across the United States. Here in my hometown of Columbus, Ohio, it is the same. We enjoy a growing population and economy thanks to projects like Intel’s $20 billion dollar investment in a new production facility.

According to a 2022 Building Industry Association of Central Ohio study conducted by Vogt Strategic Insights, we need 14,000 – 19,000 new homes each year. Which is roughly double the current number of new homes built in the region. In a recent interview (1/27/2023), Lawrence Yun, Chief Economist for the National Association of Realtors, builders face two major obstacles. Limited lot availability and a worker shortage. Because of these, and other factors, new homes are more expensive than existing homes.

This means that new homes are generally out of reach for first-time buyers. So, to make room for first-time buyers, an existing home must become available. Existing homeowners are reluctant to sell their existing home for a couple of good reasons. First, they are concerned about interest rates. Why sell their existing home, even if it does not meet there needs or desires if they have to pay a higher interest rate. Second, if they sell, where will they move to? In a recent survey of builder’s websites, I located over 100 new communities in the Columbus metro. The homes start at in the mid-$300’s and topped out as far as your budget can handle. The square-footage of the homes start as low as 1419 and expanded to nearly 6000. There are some advantages to buying new construction. According to Gonzalo Mejia, a Realtor in Jacksonville, Florida, they are:

The ability to customize, select the floor plan and finishes.
You get to pick your lot.
Everything is new. You have peace-of-mind of not having to deal with things breaking down or needing replaced.
The price is only one factor – the sales price may be higher, but energy efficiency means lower energy bills, lower maintenance costs and a long time before you must replace anything.
Newer technology – higher internet speeds
Builders work with lenders or have in-house financing. This may mean a lower interest rate.
- The builder may pay down points.Lock-in interest rates to accommodate longer build time.
- Available inventory. Even in this tight market, builders have inventory homes that are ready to move into as soon as 60 days.

The choices can be overwhelming. This is why should you work with a Realtor when looking at new construction. A Realtor that specializes in new construction is familiar with the communities and promotions each builder offers and can help you find a community in the area you want to live in, with the features you want and at a price that meets your budget.

To explore available homes in the Columbus metro, click here.

Uncategorized • January 25, 2023

Central Ohio Housing Report – December 2022

by Errol Butcher

Source: Columbus Realtors Homebuyers have more options in central Ohio, and mortgage rates take a welcomed dip. Columbus REALTORS® breaks down the December housing report for central Ohio. The average sales price has increased by 9.4 percent since last December, up to $318,581. On average, homes sold for just over $27,000 more than last year in central Ohio. The median sales price also saw a 7.8 percent spike, rising from $255,000 in 2021 to $275,000 in December 2022. “Home sellers are seeing big gains in their bottom line if they have patience with their home sale,” said Sue Van Woerkom, 2022 President of Columbus REALTORS®, “This market is not as fast and furious as what we saw early this year. Homes are sitting just a little bit longer.”

Homes spend an average of 29 days on the market. That is up from an average of 18 days last year at this time. Even with just over one month of inventory in central Ohio, the region remains a strong seller’s market. “Despite this being a seller’s market, buyers do have their pick right now. Homes are sitting on the market a little longer, giving people more time to make sure they are investing in the right property,” said Van Woerkom. As Van Woerkom references, buyers have more options to choose from this winter. Inventory rose 36% compared to December 2021. Several communities saw an influx of new homes for sale. The list includes the Columbus suburbs of Clintonville, Grandview Heights, and New Albany. Sellers in rural counties are benefitting from a surge in their property value. Properties in Fayette County saw their average home sale price jump by nearly 50 percent in December. Champaign, Ross, Hocking, and Ross County sellers also benefited from rising home prices. One segment of the population that has faced challenges in the changing market has been first-time home buyers. December began with the 30-year fixed-rate mortgage averaging 6.49%. The rate dip has helped, but the prevailing feelings of economic uncertainty exist. Still, National Association of REALTORS Deputy Chief Economist and VP of Research Dr. Jessica Lautz sees opportunities on the horizon for first-time home buyers in 2023. “There was a frenzied pace in the housing market, which had pushed first-time buyers, often with FHA or VA mortgages, to the sidelines. As some buyers have retreated, high-income, first-time buyers may take advantage of the market right now,” said Lautz. In reference to current interest rates, Van Woerkom has this advice for potential buyers. “We aren’t near the rock bottom rates we’ve seen, but working with an experienced REALTOR® can guarantee you will get the best rate based on your needs,” said Van Woerkom. If you are considering selling your home or looking for your next, I can help! Click here for a quick guide to home staging success. To request a free complete guide to selling your home or a competitive market analysis click here. If you are considering selling your home or looking for your next, I can help! To explore available homes in the Columbus metro, click here.

Uncategorized • January 24, 2023

Franklin County – Weekly Residential Home Sales Report

by Errol Butcher

For the second week of January, Sales in Columbus, OH Metro remained steady even during single-digit temperatures. Below are the residential home sales in Franklin County listed by zip code for the past week (January 13-January 19), as recorded by The Franklin County Auditor’s office. The full report with parcel numbers and addresses is here. A total of 216 properties exchanged hands in the Columbus, Oh metro last week with an average sales price of $276,061 and a median sales price of $246,400 With 21 sales, Grove City moved the most properties at an average price of $280,345 and a median price of $265,000 Looking at our other focus communities of Dublin, Hilliard, Galloway. Nine properties sold in Hilliard at an average price of $372,307 and a median price of $335,000. A total of 7 properties moved in Galloway at an average price of $271,000 and a median price of $250,000. Dublin saw a total of 8 properties transfer ownership. Those properties sold at the average price of $359,119 and a median price of $392,500 If you are considering selling your home or looking for your next, I can help! Click here for a quick guide to home staging success. To request a free complete guide to selling your home or a competitive market analysis click here. If you are considering selling your home or looking for your next, I can help! To explore available homes in the Columbus metro, click here.

Uncategorized • January 20, 2023

Feeling Left Out? How to Save For Your First Home

by Errol Butcher

When the Federal Reserve dropped interest rates in 2020, the real estate market became flooded with new buyers looking to take advantage of low rates to lock in a mortgage. While interest rates have increased since that time, a large number of buyers still enter the market on a daily basis. If you’re feeling left out and believe that buying a home is right for you, your main goal should be to increase your savings to the point you can afford your first home. Here are some tips on how to save for your first home. Identify Your Budget Before you start saving money, you should first identify your budget. Knowing the amount of money you must save may give you the structure you need to set aside a certain amount in savings every month. You can use an web site, your personal bank may have a budget tool, or you can set up a budget in popular programs like Excel. Determine how much you’re able to afford when buying a home, which can be done with a mortgage affordability calculator. While a down payment of 20% will allow you to avoid private mortgage insurance, it’s possible to purchase a home with a down payment of as little as 3-5%. Every lender and lending program has different requirements. You should also take closing costs and moving costs into account when calculating your budget. Reduce Your Expenses Once you’ve set a budget, you can then work on reducing your monthly expenses. Let’s say that you currently have three subscriptions to services like Netflix and HBO Max. If you can excise two of these subscriptions, you’ll start saving a small amount of money every month. To effectively reduce expenses, list every expense you currently have. Anything you don’t need at the moment could be removed from your monthly expenses. Pay Down Debt Along with reducing your expenses, it’s also highly recommended that you take steps to pay down any remaining debt you have. While it might seem unwise to spend your money to pay down debt, doing so will improve your credit score, which should help you net a lower mortgage interest rate. It might also allow you to get rid of expenses if you currently pay bills on a monthly basis for some of this debt.

First-Time Homebuyer Programs Many states have programs designed for first-time homeowners. In Ohio, we have Ohio House Financing Agency (OHFA). Become familiar with the program requirements. It will help you focus on the most important aspects of your finances. Your bank, credit union or mortgage broker may also have programs designed for first-timers as well. The definition of first-time homebuyer is different for each organization. For example, for one credit union in Columbus, it is a strict definition – you have never bought a home. However, OHFA’s definition is that you have not had an ownership interest in your primary residence in the last three years. Of course, every program has additional requirements so talk to your bank, credit union or mortgage broker. Pick Up a Side Job In the current economy, getting a side job is easier than it’s ever been. Resources are at plentiful at Indeed, Zip Recruiter, Craigslist and many others. Some common side jobs include: Freelance work as a musician, writer, artist, or photographer Drive for Lyft or Uber Test websites and apps for usability issues Walk pets Automate Savings One way to control your monthly spending is by automating your savings. You can call your bank and ask them to set an automatic withdrawal that goes from your main account to a savings account. If managing your money is sometimes challenging for you, this option can be highly effective. Also look into high-yield savings accounts. With rising interest rates, they can help you save faster and keep your earnings at or ahead of inflation Saving for your first home might feel like an arduous and impossible task. However, all it requires is for you to take some small yet effective steps to build your savings. Once you’ve set a budget, you can get started on reducing your expenses, paying down debt, and even picking up a side job. If you are considering selling your home or looking for your next, I can help! Click here for a quick guide to home staging success. To request a free complete guide to selling your home or a competitive market analysis click here. If you are considering selling your home or looking for your next, I can help! To explore available homes in the Columbus metro, click here.

Uncategorized • January 18, 2023

Do Student Loans Affect Your Ability to Buy a Home?

by Errol Butcher

A major investment

Buying a home is a major investment that requires strong financials. If you have a large amount of student loan debt, you may find it challenging to purchase a home for many reasons. From saving for a down payment, to qualifying for a loan, to affording monthly mortgage payments, student loan debt can play a significant role in your ability to buy a home.

Debt-to-Income Ratio

One factor that plays a part in how likely a lender is to approve a mortgage loan is the amount of debt you currently have. Lenders prefer that borrowers have minimal debt since taking on more loan payments increases the possibility that borrowers will default on at least one of their loans. The lender will compare your debt with your income, which is known as your debt-to-income ratio

When a lender goes to calculate your DTI ratio, they will add up your debt from all sources: rent/mortgages, car loans, personal loans, credit card payments, student loans, child support, alimony, etc. Then they will divide that sum by your gross monthly income (before taxes) to see how much of your income is going towards these payments. You can do this same DTI calculation on your own to see where you stand.
If you have a high amount of debt and a low amount of income, your DTI will be relatively high. For a conventional home loan, it’s best to have a DTI of 40% or less. If you apply for an FHA loan, you can be approved with a DTI up to 50%.

Reducing DTI

If you want to improve your DTI ratio, there’s no easy way around it, you will have to spend some time paying off your debt. It’s also possible to reduce your DTI ratio by refinancing your student loan. However, this option will place a line of credit on your credit report, which means that you should refinance at least six months before applying for a mortgage. The positive payment history that occurs in the interim will offset the initial drop in your credit score.

Credit Score

Having a high credit score increases your chances of getting approval for a mortgage loan and securing a low interest rate. Your payment history is around 35% of your credit score, which means that a lengthy history of on-schedule debt payments is necessary. If you make your student loan payments on time every month, this should improve your score.

Saving for a down payment

If you are spending a few hundred dollars each month on student loan payments, you may be unable to save enough money for a down payment. While a down payment of 20% is recommended when purchasing a home, it isn’t always needed. There are various programs and methods to purchase a home with a down payment of just 5-10%. An experienced agent like myself can talk you through all the options.

Uncategorized • January 11, 2023

Weekly Residential Home Sales Report + Monthly Sales Dashboard

by Errol Butcher

Franklin County, Ohio Public Information Officers sent this bulletin at 01/08/2023 08:00 AM EST

Link to original article

COLUMBUS, Ohio – After a dip in prices last month, the median sale price is once again increasing, according to December data from the Franklin County Auditor’s Real Estate Dashboard.

The median sale price of a home in December was $257,900, an increase of 5% compared to December 2021. By contrast, in November the sale price had decreased 1% year over year, the first time the price had decreased since the dashboard was created in 2020.

The total sales amount for December plummeted 17% to $348.4 million, which could be a reflection of a decrease in the total number of sales by 322 to 1,183 sales.

“Even though the housing market is slowing down, as it is across the country, the increase in median sale price shows both a healthy central Ohio market and the continuing need for affordable housing for our residents,” Auditor Michael Stinziano said.

Locally, Bexley saw an increase in median sale price of 15%, while Gahanna saw the price increase 7%. In both municipalities, the total number of sales saw big decreases. In Columbus, Clintonville saw an increase in the median sale price of 16% while the Hilltop experienced an increase of 4%.

The Real Estate Dashboard is updated monthly and uses intuitive GIS mapping to show sales activity and statistics for homes across Franklin County. The tool can break down sales data by municipality, school district, or Columbus area commission, giving homeowners a comprehensive view of sales activity in their neighborhoods.

December 2022 Franklin County sales by the numbers:

1,183 total number of sales, a decrease of 322 compared to December 2021
$257,900 median sale price, an increase of 5% compared to December 2021
$348.4 million in total sales, a decrease of 17% compared to December 2021

Central Ohio Housing Report – April 2023

Median Sales Price Tops $300,000

Year-Over-Year Decrease

Strong Demand / Low Inventory

Inventory Driving Prices Up

Interest Rates Play a Part

Local Spotlight

About Columbus MLS

Here for You

March 2023 – Central Ohio Housing Report

by Columbus Realtors

THE REGION SAW A 33 PERCENT BOOST IN CLOSED SALES MONTH-TO-MONTH.

Columbus Ranks 4^th Nationally

Even with Escalating Prices, Columbus is Still Affordable

Year-to-Date Sales

Spring Fever

Understanding Home Loans

Overview

Fannie and Freddie

Variables

Buying a Brand-New Home in 2023

Central Ohio Housing Report – December 2022

Franklin County – Weekly Residential Home Sales Report

Feeling Left Out? How to Save For Your First Home

Do Student Loans Affect Your Ability to Buy a Home?

A major investment

Debt-to-Income Ratio

Reducing DTI

Credit Score

Saving for a down payment

Weekly Residential Home Sales Report + Monthly Sales Dashboard

Home

Properties

About Me

Blog

Neighborhood News

Median Sales Price Tops $300,000

Year-Over-Year Decrease

Strong Demand / Low Inventory

Inventory Driving Prices Up

Interest Rates Play a Part

Local Spotlight

About Columbus MLS

Here for You

by Columbus Realtors

THE REGION SAW A 33 PERCENT BOOST IN CLOSED SALES MONTH-TO-MONTH.

Columbus Ranks 4th Nationally

Even with Escalating Prices, Columbus is Still Affordable

Spring Fever

Overview

Fannie and Freddie

Variables

Debt-to-Income Ratio

Reducing DTI

Credit Score

Saving for a down payment

Columbus Ranks 4^th Nationally