We are celebrating more than a fresh start to a new year with the recent news from the Columbus Board of REALTORS® (CBR). According to the Columbus and Central Ohio Multiple Listing Service, home sales in our region were 59.5 percent higher in November 2009 than they were in the same month last year. Not since 2005 has the housing market looked so strong.

Columbus ranked second in the nation in the latest Housing Markets Forecast released by Housing Predictor. The study looked at 250 market indicators to assess the likelihood of housing price increases. Optimism abounds in markets across the nation as many cities expect to see appreciation in 2010.

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that benefits all those who choose to buy a home between now and April 30, 2010.

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Affordable. Stable. Available.

IS THE GRASS STILL GREENER HERE? YES! Interest rates remain incredibly affordable. Homeownership is still a good investment. Prices are right. And there are plenty of homes on the market,. However, no one knows when that will change So if you’re playing the waiting game, consider that you might be disappointed when the market heats up again (as it always does) if you don’t take advantage of today’s opportunities.

With TAX CREDITS for repeat buyers as well as first-timers now extending through April 2010, the housing market will continue to improve. The National Association of REALTORS® estimates the 2009 incentive added $22 billion to the general economy, with two million people taking advantage of the tax credit.
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Take advantage of today’s market. You’ll be glad you did!

A General Overview of Our Market           A General Overview of Our Market            Why Buy Now?           The Seven Things You Need to Know

7 Things You Need to Know
about the central Ohio Housing Market.