by Susanne Novak | Jun 29, 2020 | Market Updates
The May market update from the Columbus Association of Realtors confirmed my previous estimates. The listing inventory is 28% lower than a year ago, but buyer interest has surged significantly since the economy started to re-open – and home values keep rising. ...
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....
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...
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...
by Susanne Novak | Jun 1, 2020 | Covid, Seller Tips
The housing market is facing a tremendous inventory shortage. While new listings are almost 30% lower than last year, home showing requests surpassed 2019 last week. As a result, the listing inventory has dropped below 3,000 active listings for the 10-county area...
