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Columbus Real Estate 2012 - News & Updates

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News
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Columbus home values expected to continue to slide into next year
Business First by Rick Rouan, Web coordinator
Date: Tuesday, July 24, 2012, 10:14am EDT

A housing market research firm says that U.S. home values have hit bottom — just not in Columbus. The median home value in Columbus during the second quarter of 2012 slipped to $122,500, down 2 percent in the past year, according to Zillow’s Home Value Index. Seattle-based Zillow measures the value of all single family homes, condominiums and cooperatives regardless of whether they sell to compile its home value index.

READ MORE: http://www.bizjournals.com/columbus/news/2012/07/24/columbus-home-values-expected-to.html

Posted 10 months ago #
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Shrinking supply of homes for sale has upended market dynamics
By Kenneth R. Harney
July 29, 2012

WASHINGTON — Though many home shoppers who assume they are still in a buyer's market find it hard to believe, one of the sobering fundamentals shaping real estate this summer is shrinking inventory: The supply of houses for sale has fallen significantly in most areas compared with a year earlier, sometimes dramatically so. And that is having important side effects by raising prices and homeowners' equity stakes and reducing total sales.

In major metropolitan markets from the mid-Atlantic to the West Coast, the stock of homes listed for purchase has dropped by sometimes extraordinary amounts — 50% or more below year-earlier levels in several areas of California, according to industry studies.

READ MORE: http://www.latimes.com/business/realestate/la-fi-harney-20120729,0,308220.story

Posted 9 months ago #
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July 30, 2012 — 11:00 am
State of Real Estate in Central Ohio

In an economy with few jobs to offer, real estate options are becoming tight. The recession forced many out of foreclosed homes and into apartments. Now, foreclosure rates across the U.S. have fallen, but they’re still on the rise in Franklin County and other areas of Ohio. We’ll talk about the state of real estate in central Ohio.

LISTEN/WATCH: http://beta.wosu.org/allsides/state-of-real-estate-in-central-ohio/

Posted 9 months ago #
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Columbus, statewide home prices down since last year
Business First
Date: Monday, August 6, 2012, 2:11pm EDT

Home prices in Columbus and across Ohio continued to tumble in the past year, a Florida-based mortgage and real estate analytics company says.

READ MORE: http://www.bizjournals.com/columbus/news/2012/08/06/columbus-statewide-home-prices-down.html

Posted 9 months ago #
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Costs to close on a mortgage drop in Ohio, nationwide thanks in part to mortgage crisis
Published: Monday, August 06, 2012, 6:00 PM
By Teresa Dixon Murray, The Plain Dealer

The fees to close on a mortgage dropped by 6 percent in Ohio in the last year, but Ohio still has the 11th-highest closing costs nationwide. The results, released by Bankrate.com as part of its eighth-annual closing costs survey, found that costs nationwide dropped by 7 percent since last year.

READ MORE: http://www.cleveland.com/business/index.ssf/2012/08/costs_to_close_on_a_mortgage_d.html#incart_river_default

Posted 9 months ago #
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Central Ohio home values eke out July gain, still down for year
Business First
Date: Tuesday, August 21, 2012, 10:28am EDT

Home values nationally continued their slow rise into July, pulling along values in Ohio’s largest cities but not at the pace seen across the country, says a report from real estate researcher Zillow.

READ MORE: http://www.bizjournals.com/columbus/news/2012/08/21/central-ohio-home-values-eke-out-july.html

Posted 9 months ago #
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July home prices, sales sizzle in Central Ohio
Business First
Date: Wednesday, August 22, 2012, 1:41pm EDT

Central Ohio home prices in July hit their highest level since June 2007 as sales continued to improve in the region. The 2,096 homes sold in Central Ohio last month was up 8 percent from 1,941 in July 2011, and home sales in the region are 10.7 percent ahead of last year’s pace, up to 12,675, through the first seven months of the year, according to data released Wednesday by the Columbus Board of Realtors.

READ MORE: http://www.bizjournals.com/columbus/news/2012/08/22/july-home-prices-sales-sizzle-in.html

Posted 9 months ago #
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Home prices in 20-largest cities post first annual gain since ’10
The Associated Press
First Published Aug 28 2012 09:30 am

U.S. home prices rose in June from the same month last year, the first year-over-year increase since the summer of 2010. The increase is the latest evidence of a nascent recovery in the housing market. The Standard & Poor’s/Case-Shiller home price index released Tuesday showed a gain of 0.5 percent from June 2011.

READ MORE: http://www.sltrib.com/sltrib/money/54779306-79/month-housing-index-june.html.csp

Posted 8 months ago #
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Builder Confidence Continues to Gain Momentum in September

September 18, 2012 - Builder confidence in the market for newly built, single-family homes rose for a fifth consecutive month in September to a level of 40 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. This latest three-point gain brings the index to its highest reading since June of 2006.

READ MORE: http://www.nahb.org/news_details.aspx?sectionID=134&newsID=15515

Posted 8 months ago #
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Housing sales, prices stay on upswing in Central Ohio
Business First by Evan Weese, Web coordinator
Date: Wednesday, September 19, 2012

Central Ohio housing prices continued their climb into August, hitting their highest levels since 2007, as sales continued to improve in the region. The 2,326 houses sold in Central Ohio last month were up 12 percent from 2,072 sold a year earlier. The uptick put sales in the region for the first eight months of the year nearly 12 percent ahead of last year’s pace to 15,097 houses sold, the Columbus Board of Realtors reported Wednesday.

READ MORE: http://www.bizjournals.com/columbus/news/2012/09/19/housing-sales-prices-stay-on-upswing.html

Posted 8 months ago #
Walker
The KLD / Downtown / Gay Street
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Sounds like an interesting episode of Ann Fisher today:

The Housing Market and Housing Trends

Posted 8 months ago #
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Home prices rose in July in 20 major US cities
By Christopher s. Rugaber, AP Economics Writer
Associated Press – Tue, Sep 25, 2012 11:17 AM EDT

WASHINGTON (AP) -- Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures. National home prices increased 1.2 percent in July, compared to the same month last year, according to the Standard & Poor's/Case Shiller index released Tuesday. That's the second straight year-over-year gain after two years without one. The report also says prices rose in July from June in all 20 cities tracked by the index. That's the third straight month in which prices rose in every city.

READ MORE: http://finance.yahoo.com/news/home-prices-rose-july-20-130220523.html

Posted 8 months ago #
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New U.S. home sales edged down 0.3 percent in August
By Associated Press business staff
on September 26, 2012 at 12:22 PM

WASHINGTON -- Sales of new homes in the United States dipped slightly in August from July but the median price of homes sold during the month rose by a record amount. New-home sales edged down to a seasonally adjusted annual rate of 373,000 in August, a dip of 0.3 percent from July's revised rate of 374,000, the Commerce Department said Wednesday. That had been the fastest pace since April 2010 when government tax credits were boosting sales.

READ MORE: http://www.cleveland.com/business/index.ssf/2012/09/new_us_home_sales_edged_down_0.html#incart_river

Posted 7 months ago #
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Surge in US home construction could lift economy
By ALEX VEIGA, AP Business Writers – 2 days ago

U.S. home construction is making a comeback that could invigorate the economy's still-weak recovery.
Builders last month started construction on single-family houses and apartments at the fastest rate in more than four years, the Commerce Department said Wednesday. And they laid plans to build homes at an even faster pace in coming months — a signal of their confidence that the housing rebound will last.

READ MORE: http://www.google.com/hostednews/ap/article/ALeqM5gA2kALjRsGLhGZGcN0oNpOfqEHVg?docId=3907be97c4c84200a7360842d210f65b

Posted 7 months ago #
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Pace of residential construction eases in Central Ohio
Business First by Brian R. Ball, Staff reporter
Date: Tuesday, October 23, 2012, 1:30pm EDT

Residential developers may be showing some hesitation about their recent brisk pace, according to new statistics from McGraw-Hill Construction. McGraw-Hill, publisher of the construction industry’s Dodge Reports listing of bid opportunities, said residential and commercial construction activity overall in the seven-county region rose 17 percent in September as the pace of residential construction slowed from earlier in the year.

READ MORE: http://www.bizjournals.com/columbus/news/2012/10/23/pace-of-residential-construction-eases.html

Posted 7 months ago #
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Home prices rise 2% in Aug., faster than in July
10:14AM EDT October 30. 2012 -

WASHINGTON (AP) — Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.t

The Standard & Poor's/Case Shiller index reported Tuesday that national home prices increased 2% in August compared with the same month a year ago. That's the third straight increase and at faster pace than in July.

READ MORE: http://www.usatoday.com/story/money/business/2012/10/30/home-prices-august-rise/1668227/

Posted 6 months ago #
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Mixed Views On Central Ohio Housing Market
November 19, 2012
by Mandie Trimble
89.7 NPR News Reporter

Central Ohio home sales were up for the tenth straight month in October. While some realtors say this is a sign the area is “out of the woods,” other industry experts say “not so fast.” The Columbus Board of Realtors says residential sales were up 23 percent last month compared to October 2011.

READ MORE: http://wosu.org/2012/news/2012/11/19/mixed-views-on-central-ohio-housing-market/

Posted 6 months ago #
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Upper Arlington, Bexley, Dublin ranked as Ohio's most expensive housing markets
Business First by Brian R. Ball, Staff reporter
Date: Wednesday, November 28, 2012

Central Ohio has six of the 10 least affordable housing markets in the state as determined by a Coldwell Banker analysis of sales of four-bedroom homes with two bathrooms in nearly 2,500 U.S. markets. The state ranking has Upper Arlington at the bottom of the Ohio listing (or the most expensive) with an average home sale of $404,363. That also put the suburb located immediately west of Ohio State University at No. 2,040 on the national ranking of 2,479 markets.

READ MORE: http://www.bizjournals.com/columbus/news/2012/11/28/upper-arlington-housing-ranked-as-most.html

Posted 5 months ago #
Analogue Kid
Olentangy West
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Kind of strange for them to analyze 4 bedroom houses. It makes for distorted comparisons in older cities with few >3 bedroom houses.

A more interesting comparison would be price/sq ft in the various markets.

Posted 5 months ago #
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Zillow ranks Columbus ninth-best market for homebuyers
Business First by Evan Weese, Web coordinator
Date: Wednesday, December 12, 2012, 2:17pm EST

Columbus is the ninth-best homebuyers’ market nationwide, according to a new report from Zillow. But that’s not tops in Ohio. The online real estate information company ranked Cleveland second and Cincinnati fourth for a buyer’s position of power relative to a seller’s.

READ MORE: http://www.bizjournals.com/columbus/news/2012/12/12/zillow-ranks-columbus-ninth-best.html

Posted 5 months ago #