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The Cost of Waiting to Purchase a Home In Central Ohio

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  By Connie Sadowski | Coldwell Banker Realty “I’m waiting for interest rates to come down.” It’s understandable. A lower rate can make a meaningful difference in your payment. But waiting also has costs: continued rent, delayed equity building, and more time in a home that no longer fits your life. For Central Ohio buyers and homeowners, the right decision starts with your budget, your needs, and the full picture. 1. The Advantages of Buying Compared to Renting An opportunity to build equity. With a typical mortgage, the principal portion of your payments reduces your loan balance. Your home could also appreciate, although values can decline. Rent provides housing and flexibility, but it does not build ownership in the property. More predictable loan payments. A fixed-rate mortgage keeps principal and interest payments consistent. Property taxes, insurance, maintenance, and association fees can still rise, so your total housing costs may change. More control over your spa...
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MAKE MEMORIAL DAY MEANINGFUL WITH COOL CRAFTS FOR KIDS

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  MAKE MEMORIAL DAY MEANINGFUL WITH COOL CRAFTS FOR KIDS Memorial Day marks the unofficial start of summer, but this year, let's make it meaningful for the kids by teaching them about its true significance: honoring the brave men and women who have sacrificed their lives for our country. One of the best ways to do this is through engaging and educational crafts that kids will love. Here are some fun and easy Memorial Day activities that are sure to captivate your kids and make the holiday special. The best part? They’re simple and budget-friendly, perfect for a memorable and heartfelt celebration. 3262 Ellister Drive THE SYMBOLISM AND SIGNIFICANCE OF THE MEMORIAL DAY POPPY tenor As Memorial Day draws near, red poppies begin to make their annual appearance, adorning lapels, tote bags, and hats. These vibrant flowers, often crafted from fabric or crepe paper, honor and memorialize fallen soldiers while also raising funds to support our nation's war veterans. Officially recognized...
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Central Ohio Housing Report - April 2025

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  COLUMBUS, Ohio (May 22, 2025)—  Inventory spiked by 45% year over year in April, and sales also increased, showing a 3.7% improvement compared to last April in the latest housing statistics from the Columbus & Central Ohio Regional Multiple Listing Service. 3262 Ellister Drive  Total inventory reached 4,432 single-family homes and condominiums in the region, representing a 1.8-month supply. A balanced housing market would require enough homes to support 4-6 months of sales, or approximately 8,000-10,000 units. “It’s great to see that homeowners are growing more confident and eager to list their properties,” shared Columbus REALTORS® President Buffie Patterson. “And let’s not forget, it’s the start of peak listing season. Potential buyers, get ready; your dream home may just be waiting for you.” This month saw 3,703 new listings hit the market, representing a 13.7% increase compared to April 2024. The median sales price rose slightly by 0.8% to $320,000, while the to...
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Central Ohio Housing Report March 2025

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  March 2025 Central Ohio Housing Report Homebuyers have more options, as the number of new listings in central Ohio is higher now than this time last year. In March, there were 3,198 new listings in the Columbus & Central Ohio Regional MLS, and the median sales price increased to $320,000, reflecting a 3.2% rise compared to the previous year. “While slightly fewer homes are selling, those that are selling are commanding higher prices,” said Columbus REALTORS® President Buffie Patterson. “As we approach our traditionally busy spring selling season, we encourage all potential buyers to find a REALTOR®, get pre-approved, and narrow their search so they can be ready to act when they find that perfect home.” Closed sales saw a year-over-year decline. In March 2025, there were 2,108 closed sales, marking a 5% decrease from the 2,218 sales in March 2024. Despite the reduction in closings, the median sales price continued to rise, increasing from $310,000 in 2024 to $320,000 in M...
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Why Intel says it had to delay its Ohio One project in New Albany

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Intel released its annual 2024 report and 2025 forecast, addressing financial and political concerns that will affect the Ohio One plant. Intel’s revenue by national market Intel One by Katie Maillard WCMH As of February 28 with almost 1,000 more homes on the market in 2025 than 2024, a busy spring lies ahead for central Ohio.  The Sellers market continues to be strong read more about housing market here    Sunday, March 30, 2025  COLUMBUS, Ohio ( WCMH ) by Katie Millard  On Thursday, March 27, 2025, Intel released both reports and reaffirmed its commitment to build Intel Foundry, the semiconductor manufacturing division of the company that oversees the project underway in New Albany. Although the company said it wants Intel Foundry to become a market leader in semiconductor manufacturing, it said its strategy is “highly risky” and may not pay off. Intel said the competitive semiconductor market and unpredictable political concerns led them to slow the completio...
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Location: Columbus, OH, USA
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Central Ohio Housing Report — February 2025

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With almost 1,000 more homes on the market at this time in 2025 than 2024, a busy spring lies ahead for REALTORS® in central Ohio. The median sales price in the latest central Ohio housing report published by Columbus REALTORS® rose to $305,000, marking a 1.9% increase year over year, while inventory has reached its highest levels for a February since 2017. There were 3,716 homes for sale in the Columbus & Central Ohio Regional Multiple Listing Service at the end of February, a 32% increase over February 2024, when there were 2,817 single-family homes and condominiums on the market. “We’ve experienced some warm weather, and we can sense spring approaching,” said Columbus REALTORS® President Buffie Patterson. “From our previous experience, we know that as the weather changes, home sales tend to increase. I believe we are poised for a busy spring in central Ohio.” In 2024, sales increased by nearly 16% from February to March. With almost 1,000 additional homes on the market ...
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Location: Ohio, USA
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Remodeling Impact Report

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Return on Investment Can’t move right now, and can't see yourself staying? Consider a kitchen renovation, bathroom remodel, basement finishing, or new exterior doors and windows ---but do not start work until you have estimates and call me to see if it's a good investment. I will provide a comparable market analysis to include recent sales of similar properties, your homes current condition before improvements are made, and consider the plan for renovations, and show your areas home sale market. You don't want to be the most expensive home in your neighborhood, especially if you are planning on selling within the next 5-10 years. Dave Fox Home Remodel and Additions at work Homeowners and renters remodel, redesign, and restructure their homes for a variety of reasons. This report takes a deep dive into the reasons a homeowner remodels, the outcome of taking on projects, and the increased happiness found in the home once a project is completed. It also contains: The typical c...
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