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Market Update: Median Price Up by 11% while Home Sales Decline in January

Market Update: Median Price Up by 11% while Home Sales Decline in January

by Susanne Novak | Feb 28, 2022 | Market Updates

The Central Ohio Housing Market was mostly unchanged in January. Home sales and pending contracts were slightly lower than last year, while home values kept rising by double digits. Home Sales Down – Inventory Remains Low The chart below shows how Pending...
Mortgage Interest Rates Rise Much Faster Than Predicted

Mortgage Interest Rates Rise Much Faster Than Predicted

by Susanne Novak | Feb 21, 2022 | Buyer Tips, Trends

I just want to send you a quick update from the mortgage interest front. You probably heard that interest rates will rise in 2022. Many experts predicted that the 30-year fixed rate will increase to 3.8% by the end of this year. Unfortunately, their predictions were...
Should You Waive Inspections to Win a Bidding War?

Should You Waive Inspections to Win a Bidding War?

by Susanne Novak | Jan 31, 2022 | Buyer Tips

In today’s competitive housing market it has become common practice for buyers to waive contingencies when they submit an offer. Here are my thoughts on which contingencies you may consider waiving, and when you definitely should not waive them. 3 Contract...
Market Update: Home Sales & New Listings 10% Higher in 2021

Market Update: Home Sales & New Listings 10% Higher in 2021

by Susanne Novak | Jan 24, 2022 | Market Updates

Together with the December 2021 housing report, the Columbus Association of Realtors published an Annual Report on the Columbus Housing Market. Here are the highlights of last year’s booming market and some insights on what to expect as we go into 2022. Home...
How Homeowners Create Wealth and Beat Skyrocketing Inflation

How Homeowners Create Wealth and Beat Skyrocketing Inflation

by Susanne Novak | Jan 17, 2022 | Seller Tips

You may have seen articles comparing the cost of leasing vs. owning a home. Most of these articles simply compare the monthly mortgage payment to your lease payment and proclaim that the lower one wins. This comparison is wrong. It completely misses the incredible...
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