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Does the Huge Drop in Interest Rates Increase Affordability?

Does the Huge Drop in Interest Rates Increase Affordability?

by Susanne Novak | Apr 1, 2019 | Buyer Tips

Last week the average interest rate for a 30-year fixed mortgage dropped to 4.06%. A year ago, it was around 4.40%. According to CNBC this is the largest decline in 10 years. The drop-in interest rates was somewhat surprising. Most experts have predicted rates above...
Market Update: Fewer New Listings – More Closed Sales

Market Update: Fewer New Listings – More Closed Sales

by Susanne Novak | Mar 25, 2019 | Market Updates

The latest Housing Report was just released by the Columbus Association of Realtors. It clearly shows that the market is heating up again. Lots of buyers are looking for homes below $400,000, but there are not enough listings. The inventory increased by 7% in February...
January 2019 Market Update: Home Sales Down while Inventory Grows by 12%

January 2019 Market Update: Home Sales Down while Inventory Grows by 12%

by Susanne Novak | Feb 25, 2019 | Market Updates

The housing market is changing. Both inventory and new listings have increased by more than 10% in January, while closings are down from a year ago. The original list price to sale price ratio dropped to 94.8%. Sellers have accepted larger discounts than any time in...

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Recent Posts

  • Market Update: Average Sales Price Hits New Record, Inventory Improves
  • How to Beat Skyrocketing Mortgage Rates
  • Upsizing: How Real Estate Experts Got Baby Boomers Completely Wrong
  • How to Skirt Bidding Wars with Curb Offers
  • Should You Buy a $875,000 Townhouse in Dublin’s Bridge Park?
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