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Market Update: June 2020 Housing Stats Break All-Time Records

Market Update: June 2020 Housing Stats Break All-Time Records

by Susanne Novak | Jul 27, 2020 | Market Updates

June 2020 was a month of all-time records. The housing market rebounded from the pandemic. We are trying to satisfy the pent-up demand of buyers who could not purchase in spring due to the lock down. Showing requests are 10% higher than last year, while new listings...
Where Suze Orman Gets It Wrong When It Comes to Home Buying

Where Suze Orman Gets It Wrong When It Comes to Home Buying

by Susanne Novak | Jul 13, 2020 | Buyer Tips

Last week prominent finance expert and TV personality Suze Orman wrote a post on Facebook that caused quite a stir among real estate professionals. She told her followers to delay any home buying until September, because of a pending threat of foreclosures due to high...
Can Buyers with VA and FHA Loans Compete in Today’s Hot Sellers’ Market?

Can Buyers with VA and FHA Loans Compete in Today’s Hot Sellers’ Market?

by Susanne Novak | Jun 22, 2020 | Buyer Tips

Some lenders are pulling back from rigorous credit score requirements following the uncertainty caused by the pandemic. This is good news for buyers. Credit scores on government loans have been lowered to 640. Some lenders accept as low as 620 for conventional loans....
New Home Construction is UP despite of Covid-19

New Home Construction is UP despite of Covid-19

by Susanne Novak | Jun 15, 2020 | Buyer Tips, Covid

New residential construction is booming in Central Ohio, despite of the pandemic. According to the Census Bureau, 16.4% more single family building permits were issued since the beginning of the year than the same period last year. This chart shows the numbers for...
Why Home Values Will Continue to Rise for Now

Why Home Values Will Continue to Rise for Now

by Susanne Novak | Jun 8, 2020 | Covid, Seller Tips

Today I want to share some good news and some bad news for homeowners who are thinking about selling. Home values are still rising, an inventory shortage has brought a pent up buyer demand, but will it last through the summer? ​​Good News for Sellers We are in a...
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