March 20th, 2007
As the “housing bubble” across the country has been said to be bursting or at least in a deflation, it seems our fair city is actually on the opposite end of the spectrum. Yes, thats right, we are UNDERVALUED. You will have to read the entire report to understand exactly what I am talking about but a recent study conducted by two different companies concluded that Columbus is undervalued by 2.1%. What exactly do they mean? Well they are claiming that people in Columbus could afford to have a larger mortgage and house but still be able to afford the payments.
So who benefits? Well everyone. Real estate agents in Columbus have been preaching to deaf crowds about todays market being the best time to buy. Selling not so much, but if you are looking to buy a home, your not going to have a better time to negotiate, reduce prices, and be picky than you could in a market like todays.
Report: Columbus Housing Undervalued
The Global Insight/National City Housing Valuation Analysis showed that of the four Ohio cities surveyed, the average price for existing single-family homes in Cleveland was overvalued, while price tags in Dayton, Cincinnati and Columbus saw an increase undervaluation.
A survey of the 2006 fourth quarter - October through December - showed the average price of homes sold in Columbus remained the same as in the previous quarter at $153,900, but went from being undervalued by 1.2 percent to 2.1 percent.
Filed under: Real Estate, Sellers, Buyers | No Comments »
March 19th, 2007
I saw this over on Digg.com and thought it was a pretty cool idea. I do like art and especially the vector type of stuff you find on the internet but this idea of taking vector art and getting it onto your wall or floor is a cool idea.
 Alternative Tapestry’s
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March 19th, 2007
The home buying and also the home selling process can be a lengthy one. There are lots of steps involved in both processes which can definitely make you feel overwhelmed. Here is a good article with a general description of how to buy a home and what is actually included within the process. It gives a good over view and idea of the process.
How Long Does It Take To Buy A Home?
Buying a home is a learning experience. It’s exciting, time consuming, at times frustrating, but ultimately fulfilling — that is, if you end up with the right house in the right neighborhood for the right price.
Home buying is best approached with a game plan in mind, and with the understanding that home buying is a process that takes time. It’s hard to predict how much time it will take to buy a home because there are many variables that are beyond your control.
Filed under: Real Estate, Buyers | No Comments »
March 16th, 2007
I haven’t posted a music video on here in a while and I thought Friday might be a great day for that. I have been into European hip hop and things of that nature for a while. It seems they are more into beats and more of a message within their songs than we are over here… anyway that’s just opinion but here it is so take a listen.
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March 14th, 2007
I just found a good article explaining what buying a home may actually cost. This artcle can be scary with the actual facts that it spouts out, but remember we are in a decently steady market. Unlike LA or New York who have spikes and dips in their market value, Columbus, has for the past 30 some years had a steady upward increase. This was just something I found interesting and ideas to keep in the back of my mind when purchasing a home.
Your Home Isn’t the Nest Egg You May Think It Is
Planning your retirement? Don’t bet the house on it.
Your home means a lot of things to you, most of them good. Your home gives comfort and protection to you and your family, and it could well embody all your material hopes and dreams.
But houses have become much more than just places to live. Your home is probably your biggest asset, and the price you could ask for it today is almost certainly much higher than what you paid for it back whenever.
As a result, houses have become substitute credit cards, as profligate owners borrow their equity to finance everything from cars to vacations. Among thriftier owners, the equity they have built up in the family home has become a vital part of retirement planning — a “fourth leg” of the now-unstable “company pension/personal savings/Social Security” stool that was long the model for a financially secure old age.
Filed under: Investment, Sellers, Buyers | No Comments »
