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Sharp Increase in New Construction Can’t Keep Pace with New Household Formation

Sharp Increase in New Construction Can’t Keep Pace with New Household Formation

by Susanne Novak | Feb 14, 2022 | Buyer Tips

Despite of a massive increase in building permits and new home construction, not enough homes are being built to meet demand. That’s one of the core findings of new research from realtor.com. The Housing Supply Gap Expands in 2021 New households are formed at a...
Scary Hidden Costs that could Double Your Monthly Mortgage Payments

Scary Hidden Costs that could Double Your Monthly Mortgage Payments

by Susanne Novak | Oct 31, 2021 | Buyer Tips

Unexpected expenses and costs are scary.  This makes it the perfect topic for today on Halloween Sunday. I want to alert you of hidden charges and costs that could substantially increase your monthly payments when you buy a new house. When real estate websites show...
The Best Time to Buy a Home is the First Week of October – Are You Ready?

The Best Time to Buy a Home is the First Week of October – Are You Ready?

by Susanne Novak | Sep 20, 2021 | Buyer Tips

The first half of 2021 was extremely challenging for buyers. You had to compete against multiple offers typically above list price, the inventory was lower than ever, and many homes sold in just a few days. If you have lost out a few times, you may have concluded that...
Market Update: Days on Market Plummet by 90% since 2011

Market Update: Days on Market Plummet by 90% since 2011

by Susanne Novak | Jun 28, 2021 | Market Updates

While home sales have slowed down in many parts of the country during the month of May, the Columbus housing market is still red hot. Closed sales, pending contracts, and sales prices are up by double digits. Even New Listings have increased by 20.7% in May as...
Why Do New Home Prices Increase by $10,000 a Month?

Why Do New Home Prices Increase by $10,000 a Month?

by Susanne Novak | Jun 14, 2021 | Buyer Tips, Trends

The average price of a new construction home was $378,850 in April. That’s roughly $87,000 more than the average price of an existing home (which was $291,900). There are five reasons why new homes are more expensive than existing homes, and why prices are...
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