3471 Blendon Bend Way, Columbus, OH 43231

If you’d like more information on the listing, or a virtual tour you can check out the links below.

My main real estate website is www.ColumbusOhioHomes.co and if you’re looking for more property information check out my listing HERE.

If you’d like some more information and also a video tour of the home, check out my other website, www.ColumbusOhioHomes.co… Click here for more listing information.

Interest rates are flirting with record levels giving home purchasers the most house for their money. Real estate hasn’t seen the easy availability of the American Dream quite like this in quite a few years. This almost perfect storm has proven too much for many many people. The Columbus Board of Realtors reports home purchases are up, beating record setting 2008 levels, a 6.0% increase in since January 2011.

I do believe the Columbus Ohio real estate market is improving. Most of the agents I talk to on a regular basis are busier than ever. More people wishing to sell their home, and more looking to buy. Hopefully this rebound can help bring prices to a really stable level.

News always has a flip side, and I believe in showing all angles to a story. Nationally home prices are still declining. Although this may be true in a few cities, I don’t believe Columbus is part of this group. I do believe most area’s of Columbus and it’s surrounding suburbs have hit their rock bottom. Lately it has seemed as though foreclosures are selling at a normal level. Although condition determines a lot, most of all price, some sections of Columbus have seen home prices being determined by condition rather than the over abundance of other property.

Home prices have hit a 6th straight monthly decline showing we aren’t out of the woods yet. Foreclosures are going to pick up for a time, but that’s only because of the robo signing mess. Once we are past that, it should become a lot easier on current home owners.

From CNN Money

Today seemed like a good day to start with an inventory listing of property from MI Homes. These properties are usually built but a home builder to show a new customer what they can request in their new house. MI Homes does build a good property so I thought I’d send this out so everyone can take a look.

If you’re an investor and looking for something safe, MI also has model homes for sale that you can then rent back to the company while they finish selling out their properties.

MI Inventory Homes

They have a few other deals going as well, so give me a call or email to see what their specials are.

My only issue, it barely works. That might even be a gift, it has a very hard time finding anything about the actual schools. It can find school district info all day long, but finding specific schools is almost nonfunctional. I’m sure with some time and data updates it will be fine, but until then take your chances.

Click HERE for the education.com website.

Click here to download excel listing of all Columbus Ohio HUD Home List

I was checking out one of my favorite news sites and bam! There it is. Mortgage rates have dropped to a new historic low. What’s that mean? Well in my opinion, a few different things.

1. The FED is trying anything and everything to get the stalled housing market moving. Without new jobs, it’s going to be a slow recovery but this certainly helps bring in buyers from the fence.
2. Sellers, this may be the best time to sell your home in the foreseeable feature. Sure prices are down across the nation and buyers are slim and few far between, but with interest rates at this level you will be able to monopolize on what buyers are out there.
3. As a buyer, you can get more home for your money. In the past few decades there has not been an opportunity like this. You can get more home for your money and pay less to own it.

I realize that jobs are scareace as well, but if you have any sort of down payment saved up or maybe you got a raise at work, this is a stellar time to buy a new home.

Check out the Market Watch article with the new mortgage rate info.

Real estate has the same basic change, although the time span is a lot longer. As my my older constituents point out we had this same sort of issue (with real estate) in the 80′s. It worked itself out, we went on for a decade or more with great increases and a great economy. And boom.. headed right back to where we were, in the thick of it.

Such conditions might not last long. Moody’s Analytics predicts that the number of distressed sales will begin to fall in 2013, and that prices will begin to edge upward then. Home building is at a virtual standstill, so the supply overhang isn’t likely to get much worse. Meanwhile, demographic indicators such as “household formation”—the number of new households each year—are on the rise, and promise to take a bite out of the glut in coming years.

Ruth Simon has some very good points in here, but the most meaningful in my mind, the market will get healthier and better. You can check it out for yourself HERE.