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Market Update: On a Crash Course to Zero Inventory

Market Update: On a Crash Course to Zero Inventory

by Susanne Novak | Feb 22, 2021 | Market Updates

In January, home sales increased by 10.4% while new listings declined by 9.1%. Are we facing a future with absolutely no inventory for sale? This chart shows how the inventory has dropped over the past 10 years. In January, the number of home sales surpassed active...
Rent vs. Buy [2 of 2]: Why Homeowners Pay Less than Renters and Save Every Month

Rent vs. Buy [2 of 2]: Why Homeowners Pay Less than Renters and Save Every Month

by Susanne Novak | Dec 14, 2020 | Buyer Tips, Trends

Last week, I explained how you can easily beat the stock market when you become a homeowner. You benefit from higher returns because you leverage your down payment with low interest bank financing. Today, I will show you why mortgage payments are typically lower than...
Market Update: Home Prices Spike, Inventory Plummets, Sales Jump Higher than in 2019

Market Update: Home Prices Spike, Inventory Plummets, Sales Jump Higher than in 2019

by Susanne Novak | Nov 23, 2020 | Covid, Market Updates

Sales of existing homes saw a spectacular gain despite of plummeting inventories and rapidly rising prices. ​Nationwide, October sales increased year-over-year by 26.6%. How the Columbus Housing Market Compares Home sales are on track to surpass 2019 by at least 3%....
Market Update: Home Values Keep Rising, with No End in Sight

Market Update: Home Values Keep Rising, with No End in Sight

by Susanne Novak | Sep 28, 2020 | Covid, Market Updates

The uncertainties caused by the Covid pandemic kept many homeowners from listing their properties this year. At the same time more buyers than ever started to look for a new home, hoping to take advantage of the lowest interest rates ever. This created the perfect...
Market Update: March Inventory Lower & Sales Prices Higher Despite of the Coronavirus

Market Update: March Inventory Lower & Sales Prices Higher Despite of the Coronavirus

by Susanne Novak | Apr 27, 2020 | Covid, Market Updates

It is truly amazing how quickly the Columbus housing market has adjusted in March to the new normal. Home values keep rising despite of the uncertainty caused by COVID-19. The Columbus Association of Realtors just came out with its March 2020 market update. It’s...
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Recent Posts

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