by Susanne Novak | Apr 18, 2022 | Buyer Tips
It’s tough to be a buyer in today’s market. You are facing rapidly increasing home values, fierce bidding wars, and a super low inventory of listings. On top of it, mortgage interest rates have skyrocketed to above 5%, the highest in 11 years. This means...
by Susanne Novak | Mar 21, 2022 | Market Updates
There were no surprises in the February housing report. Home sales were up by 1.8%, while pending contracts slipped by 1% as compared to a year ago. The 5% increase in new listings improved the inventory by only 3.3%. As of this morning, there were 1,540 active...
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...
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...
by Susanne Novak | Aug 16, 2021 | Buyer Tips, Trends
Over the past few months, I talked to many frustrated buyers who were ready to give up on their home search and continue to rent. I believe this is a mistake as the market has been normalizing this summer. Will the Housing Shortage Continue? Unlike what most people...
