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Archive for the 'Market Updates' Category

Will The Columbus Housing Market be worse in 2010 than it was in 2009?

Robert Hahn wrote an article that appeared on Inman News recently that was ripe with 2010 predictions regarding the state of Real Estate in the country. It is a good read and I liked his take on many of the subjects.  Aside from mentioning the Jets not going to the Super Bowl, Hahn predicted that [...]

Authored by Joe Peffer | Discussion: No Comments »

Finally Official! Columbus Home Buyers and Sellers can take advantage of Extended Tax Credit

This afternoon President Obama signed the bill into law that will extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30.
I’m surprised that they left the two month window but I think it’s very smart. Still, even if it were this week, I would not try to [...]

Authored by Joe Peffer | Discussion: No Comments »

Real Estate Market Updates for Your Favorite Columbus Neighborhood

This is where you can find an update on what is happening in real estate in your favorite Columbus Neighborhood…
Clintonville
Greater Short North including Harrison West, Italian Village and Victorian Village
German Village and Brewery District
Schumacher Place and Merion Village
Greater Olde Towne East
Grandview Hieghts and Marblecliff

Authored by Joe Peffer | Discussion: No Comments »

This Columbus Home has Instant Equity — Oh Really?

Instant Equity. Two words anyone buying real estate in Clintonville, Bexley, Grandview, Downtown, Short North, Berwick, Westgate or anywhere else in Central Ohio love to hear.
The problem is, I’ve heard those two words too often lately. The problem is the context and the definition of instant equity.  In my opinion, anyone buying a home that [...]

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How Realtors Stole the $8,000 1st Time Columbus Homebuyer Tax Credit

Not the money itself, just the concept. I’m amazed by how many Listing Signs, Agent MLS remarks and Brokerage Office Signs are screaming out $8,000 Tax Credit!! If I didn’t know better, I would think it was the National Association of Realtors, not the United States Congress, that came up with this idea and told [...]

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Bexley House and Garden Tour – Plus, What’s for Sale in Bexley

Save the Date! June 13 and 14, 2009, the Bexley Women’s Club presents the 2nd annual Bexley House and Garden Tour. If you missed the first one last year, you’ll enjoy this one. No, I am not a presenting sponsor though I’d be happy to sponsor you as we search for your next home in [...]

Authored by Joe Peffer | Discussion: No Comments »

Dwellicious – The 2nd Best Home Search Tool I know of

If you are considering purchasing a home in the coming year, the first thing you might want to do—even before you’re calling me to be your Realtor—is to look at homes that are for sale in your Columbus Neighborhood of choice.
The more you look, the more you learn about the mini-real-estate-markets you’re interested in.  You [...]

Authored by Joe Peffer | Discussion: 1 Comment »

Deal or No Deal? Columbus has its share of Foreclosures and short sales-how do you know?

You could ask an informed Realtor, for starters. Typically, a Realtor could do a little research and tell you what similar homes have sold for in this or that neighborhood, what neighboring homes might be in contract at what price and what nearby homes on the market are listed for.
Not just any homes though, you [...]

Authored by Joe Peffer | Discussion: No Comments »

Some Columbus Home Buyers Will See Fee Increases

 
Fannie Mae, Freddie Mac plan big fee increases

Fannie Mae and Freddie Mac are both toughening their credit score and down-payment rules as of April 1.
In response, major lenders are already factoring in the higher fees, which reduces the effectiveness of the stimulus efforts.
Under the new guidelines:

Buyers with down payments of less than 25 percent will [...]

Authored by Joe Peffer | Discussion: No Comments »

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