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Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of REALTORS®. NAR’s composite quarterly Housing Affordability Index rose to a record high of 205.9 in first quarter, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, [...] . . . → Read More: Housing Affordability Reaches Records "Firming home values, improving employment, and low mortgage rates" are driving greater optimism over a recovery taking shape in the new-home market, says David Crowe, chief economist for the National Association of Home Builders. Builder confidence for the market of newly built single-family homes rose five points this month, posting its best reading since May of [...] . . . → Read More: Builders Get More Confident About Improving Market With rising rents, more renters are being swayed into home ownership, even in pricey housing markets like New York. For example, one New York renter said he started looking into owning a home when his landlord tried to increase his rent by 13 percent when his lease was up for renewal. He found that he could [...] . . . → Read More: More Renters Are Finding It’s Cheaper to Buy Have home prices finally hit bottom? Many analysts think so. According to the latest forecast by Fiserv, the market watcher sees a big boost to home prices on the horizon, projecting that home prices will rise nearly 4 percent per year for the next five years. The real estate markets expected to see the biggest increases [...] . . . → Read More: Home Prices to Rise 4% Per Year? While many buyers may be swayed by the home’s appearance, financing, and location when choosing a home, housing experts say they often overlook other important factors that may keep them happy for years to come with their home purchase. A recent article at U.S. News & World Report lists tips for those often-forgotten aspects of home [...] . . . → Read More: What Buyers Often Overlook in Home Purchases Many housing experts for months have been warning a foreclosure wave would soon flood several markets throughout the country. But was it all a false alarm? Recent surveys have shown that foreclosure sales have dropped to their lowest point in more than two years. And while according to March data, 8 percent more homes did enter [...] . . . → Read More: What Foreclosure Wave? False Alarm? With signs of a housing turnaround getting stronger, housing experts say buyers are finding several recent changes when they go to put in an offer on a home. A recent article at U.S. News & World Report highlights some of these changing “rules” for your home buyer clients: 1. Lowball offers won’t likely stick: Sure, deals [...] . . . → Read More: 5 New ‘Rules’ to Home Buying Home buyers who want a bargain may want to act now because the housing market is in the midst of a turnaround, economists say. Home prices have fallen and mortgage rates are hovering near record lows, pushing home affordability for the average family to record highs. Meanwhile, rents have been on the rise, making owning a [...] . . . → Read More: Is Housing as Cheap as It’ll Ever Get? (ARA) – One of the driving forces in gardening is many American's pursuit of healthier eating and greener living. This means that the new face of gardening has begun to change considerably in recent years. Today's gardeners are younger and more urban than traditional gardeners, therefore, making unique impressions on the green world. So, what's cool [...] . . . → Read More: Cool new concepts for gardening (ARA) – Summer isn't just the season of baseball, barbecues, vacation and fresh produce. It's also flag season. Three of the country's most important patriotic holidays – Memorial Day, Flag Day and Independence Day – arrive with summer, and across the nation proud Americans will show their patriotism by displaying the American Flag. But will they [...] . . . → Read More: Flying ‘Old Glory’ this summer? How to do it right |
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Copyright © 2012 Central Ohio Real Estate News - All Rights Reserved. All photos ©Teresa Butler 2012. All rights reserved.
The information provided herein is subject to change without notice. Broker or agent do not guarantee or is anyway responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied.
Signature Real Estate, 1385 Dublin Road, Columbus, OH 43215.
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