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Columbus Real Estate 2015 - News & Updates

Home Forums General Columbus Discussion Columbus Real Estate 2015 – News & Updates

Viewing 15 posts - 1 through 15 (of 18 total)
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    Local Real Estate Sector Expected to Remain on Growth Track in 2015
    November 26, 2014 1:18 pm – Walker Evans

    The Columbus chapter of the Urban Land Institute released their 2015 Real Estate predictions last week, providing an industry forecast as to what may take place in the region within the realm of development and construction in the year to come. The report is compiled based on a survey of local real estate professionals, city planners, developers and others within the field. The group generally paints a pretty positive picture of development in Columbus in 2015, with certain sub-sectors performing better than others.

    READ MORE: https://www.columbusunderground.com/local-real-estate-sector-expected-to-remain-on-growth-track-in-2015



    Zillow Predicts Breakthrough Year for First-Time Buyers in 2015


    Zillow’s predictions for 2015 are all about buyers – especially young home buyers – having their best shot in years at finding a home. First-time buyers who stayed out of the market – either for demographic reasons or because they just couldn’t find the right entry-level home – will have a breakthrough year, according to Zillow.

    READ MORE: http://www.zillow.com/blog/2015-real-estate-predictions-165324/



    Apartment boom hitting all major Midwest markets
    December 19, 2014 | Dan Rafter

    Christy Lockridge, principal with the Chicago office of Prudential, has seen the trend: Today’s renters increasingly want to live in the center of urban areas. They want to live near public transportation. They want to be able to walk to restaurants and shops. They want to live largely without having to jump into a car each day.

    Marcus & Millichap has reported on this trend, finding, for instance, that developers in 2013 and 2014 will have delivered about 2,220 new apartment units to Milwaukee. The company reports that developers brought 2,280 new apartment units to Indianapolis in the first three quarters of this year and about 4,300 units in Columbus during the last four quarters.

    READ MORE: http://www.rejournals.com/2014/12/19/apartment-boom-hitting-all-major-midwest-markets/



    Home Values Rise For Central Ohio Homeowners Previously Underwater
    January 12, 2015
    by Debbie Holmes
    89.7 NPR News Morning Host

    Many homeowners in Central Ohio whose property value declined during the housing crisis are breathing a sigh of relief. It’s estimated that there’s been nearly a 50 percent drop in the number of Central Ohio homes underwater.

    And local experts say 2015 will be a great time to refinance or sell a home.

    READ MORE: http://wosu.org/2012/news/2015/01/12/home-values-rise-central-ohio-homeowners-previously-underwater/



    Central Ohio Housing Report – January 2015
    Posted: 2/23/2015

    There were 2,283 central Ohio homes and condos listed for sale in January 2015, a 51 percent jump over the previous month and a 4.8 percent increase from January 2014, according to the Columbus REALTORS® Multiple Listing Service (MLS).

    READ MORE: http://columbusrealtors.com/NewsDetail/Central-Ohio-Housing-Report-January-2015



    Columbus the industrial hotspot of the country? You bet
    March 12, 2015 | Dan Rafter

    When it comes to industrial real estate, Columbus is the nation’s hot spot. Don’t doubt us. That statement isn’t at all inaccurate. Just ask the industrial experts at JLL. The company recently released its 2015 Columbus industrial report. And these experts are so confident in the industrial market in this Ohio city, that they actually used “Columbus, OH: The nation’s industrial hotspot” as its headline.

    READ MORE: http://www.rejournals.com/2015/03/12/columbus-the-industrial-hotspot-of-the-country-you-bet/

    Josh Miller
    Josh Miller

    The proximity to the US population seems to be tossed around quite a bit but I was surprised at the Canadian figure, eh. It makes sense just never hear it mentioned, eh.

    As JLL says, Columbus sits within a 10-hour truck drive to 47 percent of the U.S. population and 33 percent of the population of Canada.



    Years After Stagnation, Real Estate Market Begins To Surge In Central Ohio
    Thursday May 21, 2015 5:48 AM

    COLUMBUS, Ohio – Homes for sale are being snatched up before the “for sale” sign is even posted in the front yard. That’s what Michael Kruse of Gahanna says when he described selling his home. “I can’t believe I just sold a house in one day,” Kruse says.

    READ MORE: http://www.10tv.com/content/stories/2015/05/21/columbus-hot-real-estate-market-in-central-ohio.html



    Fewer homeowners underwater on mortgages in Central Ohio
    Jun 12, 2015, 7:46am EDT Updated Jun 12, 2015, 7:51am EDT
    Nick Ramsey

    Some homeowners can’t sell their homes because they owe more than the homes are worth. The negative equity rate in Columbus has fallen, according to a report released by Zillow, in another promising sign of improvement in the housing market.

    READ MORE: http://www.bizjournals.com/columbus/news/2015/06/12/fewer-homeowners-underwater-on-mortgages-in.html



    Columbus Real Estate Market Heats Up

    Houses and condos in Central Ohio sold at a brisk pace in May. Columbus Realtors reports nearly 3 thousand units changed hands last month, that’s nearly an 18 percent increase over April. It’s 8 percent more than were sold during the same period last year.

    READ MORE: http://radio.wosu.org/post/columbus-real-estate-market-heats



    The Midwest’s secondary markets seeing surge in mixed-use developments
    July 14, 2015 | Dan Rafter

    A new study by CBRE Group says that secondary markets in the Midwest are seeing a boom of mixed-use urban development and population growth.

    READ MORE: http://www.rejournals.com/2015/07/14/the-midwests-secondary-markets-seeing-surge-in-mixed-use-developments/



    Columbus Named 15th Hottest Real Estate Market in US
    July 18, 2015 9:55 am – Walker Evans

    If you’ve bought a home (or attempted to buy a home) in recent months, then you’ve probably already realized that the local housing market has heated back up quite a bit here in Central Ohio. Realtor.com confirmed that in a recent evaluation of the top housing markets in the US, where Columbus clocked in at number 15 on the list. The analysis on home sale data from June shows that national median list pricing is up 7% from 2014, and median days on market is down 7% from 2014.

    READ MORE: https://www.columbusunderground.com/columbus-named-15th-hottest-real-estate-market-in-us



    How hot is Central Ohio’s housing market? Hotter than heady days of 2006
    Jul 23, 2015, 12:35pm EDT
    Nick Ramsey – Columbus Business First

    Buyers have to act fast in Central Ohio’s torrid housing market.Central Ohio’s housing market in the first half of the year has been its best since 2006, when home sales were torrid and before the financial collapse crushed the market.

    READ MORE: http://www.bizjournals.com/columbus/blog/2015/07/how-hot-is-central-ohios-housing-market-hotter.html



    Worthington Ranked #2 Hottest Housing Market in US
    August 13, 2015 1:57 pm – Walker Evans

    Last month, Realtor.com named the Columbus market as one of the hottest in the country. Today, Realtor.com has released a report of the latest home sales data that drills down by individual zip code, and has determined that 43085 in Worthington is the 2nd hottest housing zip in the entire US.

    READ MORE: https://www.columbusunderground.com/worthington-ranked-2-hottest-housing-market-in-us



    Central Ohio Real Estate Market Heats Up

    Columbus Realtors described the Central Ohio housing market in July as hot. The group says houses cost more and stayed on the market a short length of time than at any other point in the year.

    READ MORE: http://radio.wosu.org/post/central-ohio-real-estate-market-heats#stream/0

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