See what I mean???
Columbus is #5
REALTOR® Magazine-Daily News-10 Cities Where Home Prices Will Rise in 2011
Friday, January 28, 2011
When will home prices recover?
Property values continue to drift down. But analysts say relief could come by year's end.
See what the 'experts' are saying on MSN Real Estate on the NATIONAL level and remember that Real Estate is SOLD on the LOCAL level. (PSSST Central Ohio is not as bad off as the rest of the country--hint, hint)
When are home prices going up?
Call us for a comprehensive analysis of YOUR LOCAL market. It is different for EVERY single subdivision or area in Central Ohio---sometimes it is different on different STREETS!!
Property values continue to drift down. But analysts say relief could come by year's end.
See what the 'experts' are saying on MSN Real Estate on the NATIONAL level and remember that Real Estate is SOLD on the LOCAL level. (PSSST Central Ohio is not as bad off as the rest of the country--hint, hint)
When are home prices going up?
Call us for a comprehensive analysis of YOUR LOCAL market. It is different for EVERY single subdivision or area in Central Ohio---sometimes it is different on different STREETS!!
Wednesday, January 26, 2011
Steve Forbes and Nouriel Roubini think that 40% of mortgages are underwater
UNDERWATER MORTGAGES??
THESE GUYS THINK SO......AND THEY ARE SMARTER THAN US! :-)
"Well, in the case of residential real estate, I would say prices and quantities have fallen so much from the peak, that probably they are close to the bottom. But the trouble is that you have millions of houses that are deeply underwater. 12 million of them already underwater today. And about another 8 million have a mortgage with a loan to value ratio between 95 to 100%.
That means that the 5% correction in national home price--something that I expect--is going to put another 8 million houses underwater. That means 20 million out of the 50 that have a mortgage, or 40% of houses with a mortgage, are going to be underwater."
Read the rest of the article here:
http://www.forbes.com/2011/01/21/nouriel-roubini-doctor-doom-housing-transcript-intelligent-investing_3.html
THESE GUYS THINK SO......AND THEY ARE SMARTER THAN US! :-)
"Well, in the case of residential real estate, I would say prices and quantities have fallen so much from the peak, that probably they are close to the bottom. But the trouble is that you have millions of houses that are deeply underwater. 12 million of them already underwater today. And about another 8 million have a mortgage with a loan to value ratio between 95 to 100%.
That means that the 5% correction in national home price--something that I expect--is going to put another 8 million houses underwater. That means 20 million out of the 50 that have a mortgage, or 40% of houses with a mortgage, are going to be underwater."
Read the rest of the article here:
http://www.forbes.com/2011/01/21/nouriel-roubini-doctor-doom-housing-transcript-intelligent-investing_3.html
Saturday, January 22, 2011
Board of Revisions--why it is imperative you listen to this
DEADLINE ALERT!! ALERT!! ALERT!!
WANNA SAVE MONEY ON YOUR PROPERTY TAXES??
I THOUGHT SO........WATCH THE VIDEO AND LISTEN CAREFULLY
WANNA SAVE MONEY ON YOUR PROPERTY TAXES??
I THOUGHT SO........WATCH THE VIDEO AND LISTEN CAREFULLY
Friday, January 21, 2011
Did you miss the boat?
Have home sales hit bottom??????
Central Ohio homes sold for an average, $158,893 last year, the lowest since 2001 but only slightly behind 2009's prices.
Central Ohio figures dropped below 20,000 last year, the first time in a decade.
Central Ohio home sales fell for the fifth straight year in 2010, as potential buyers continued to sit on the sidelines.
Last year, 19,676 homes were sold in the Columbus area, 2.8 percent fewer than the previous year, according to the Columbus Board of Realtors. It was the first time in a decade that annual sales dropped below 20,000.
Here is a copy of the article from the Columbus Dispatch
http://www.dispatch.com/live/content/business/index.html
I don't think you have missed the boat, but the bottom is either here or VERY near.
THE PROBLEM WITH KNOWING WHEN THE BOTTOM OF THE REAL ESTATE MARKET HITS IS THAT IT IS ALREADY ON THE WAY UP WHEN YOU REALIZE IT.
By definition, you cannot determine the bottom of the market without 6 months to a year worth of data that shows an upward trend. By then, it is TOO LATE. YOU MISSED IT!!
Take my advice and get in NOW!! Rates are going up this year by a full point on top of increasing prices. If you are going to buy anytime in the next 5-10 years, you better do it in 2011. You have been officially warned.
Central Ohio homes sold for an average, $158,893 last year, the lowest since 2001 but only slightly behind 2009's prices.
Central Ohio figures dropped below 20,000 last year, the first time in a decade.
Central Ohio home sales fell for the fifth straight year in 2010, as potential buyers continued to sit on the sidelines.
Last year, 19,676 homes were sold in the Columbus area, 2.8 percent fewer than the previous year, according to the Columbus Board of Realtors. It was the first time in a decade that annual sales dropped below 20,000.
Here is a copy of the article from the Columbus Dispatch
http://www.dispatch.com/live/content/business/index.html
I don't think you have missed the boat, but the bottom is either here or VERY near.
THE PROBLEM WITH KNOWING WHEN THE BOTTOM OF THE REAL ESTATE MARKET HITS IS THAT IT IS ALREADY ON THE WAY UP WHEN YOU REALIZE IT.
By definition, you cannot determine the bottom of the market without 6 months to a year worth of data that shows an upward trend. By then, it is TOO LATE. YOU MISSED IT!!
Take my advice and get in NOW!! Rates are going up this year by a full point on top of increasing prices. If you are going to buy anytime in the next 5-10 years, you better do it in 2011. You have been officially warned.
Tuesday, December 14, 2010
Homeowners who are 'underwater' still dropping
Tuesday, December 14, 2010 02:51 AM
By Alistair Barr
MARKETWATCH
SAN FRANCISCO -- The number of U.S. homes with negative equity shrank in the third quarter, but price declines might threaten this improvement, the real-estate data company CoreLogic Inc. said yesterday.
CoreLogic reported that 10.8million properties, or 22.5 percent of all residences with mortgages, were in negative equity at the end of the third quarter, down slightly from 11million, or 23 percent, in the second quarter.
Check out the rest of the story here:
Homeowners who are 'underwater' still dropping
By Alistair Barr
MARKETWATCH
SAN FRANCISCO -- The number of U.S. homes with negative equity shrank in the third quarter, but price declines might threaten this improvement, the real-estate data company CoreLogic Inc. said yesterday.
CoreLogic reported that 10.8million properties, or 22.5 percent of all residences with mortgages, were in negative equity at the end of the third quarter, down slightly from 11million, or 23 percent, in the second quarter.
Check out the rest of the story here:
Homeowners who are 'underwater' still dropping
Tuesday, November 30, 2010
October 2010 stats from Columbus Board of Realtors
The housing market in central Ohio, which rebounded nicely when the federal tax credits were offered in 2009 and early 2010, today is looking like “more of the same.”
According to the Columbus Board of REALTORS® (CBR), the number of homes sold and the average price of homes sold from January though October 2010 are nearly identical to the statistics from 2009.
The number of homes sold from January through October was 16,891 – almost identical to the 16,932 homes sold in the same period of 2009. Average sale price so far this year is $160,671 compared to $161,623 last year.
Home sales are likely to grow in 2011, but not too quickly. According to the New York Federal Reserve Bank, household finances are improving, and major purchases will increase as well.
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