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Showing posts with the label #Central Ohio Housing #columbusrealtors

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...

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 ...

Home Remodeling Statistics and Trends

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You  may wonder whether or not to  renovate and which projects should take priority. You also may be interested in which upgrades provide the best return on investment (ROI). A recent Fixr report,  Home Remodeling Statistics and Trends of 2023 , sheds light on remodeling trends, homeowners’ spending habits, and interior design preferences.  I guide my clients towards the best decisions.  Here are some Fixr facts: Spending on homeowner improvements and repairs grew by 78% from 2014 to 2022, with an increase of $65B between 2021 and 2022   — the highest increase in the past ten years. The median annual spending  per household   on home improvements is $22,000 —  69% higher  than the 2019 median spending ($13,000).  Homeowners invest the most money in HVAC ($56.6 billion) and roofing ($72 billion) projects.    If you’re focused on maximizing your return on investment, check out this chart. Top 11 projects with the highes...

Contract Signings Point to Healthier Market for Home Buyers

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The housing market is shaping to be a  rosy real estate outlook  economists are predicting for 2025. In the latest sign of improvement,  pending home sales —a gauge of future home sales based on contract signings—rose 2.2% month over month in November, the National Association of REALTORS® reports. Marking the fourth consecutive month of increases, contract signings are up nearly 7% from a year ago and are at their highest level since February 2023. “Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory,” says NAR Chief Economist Lawrence Yun. “Mortgage rates have averaged above 6% for the past 24 months. Buyers are no longer waiting for or expecting mortgage rates to fall substantially. Furthermore, buyers are in a better position to negotiate as the market shifts away from a seller’s market.” Several recent housing indicators have painted a healthier picture of the market: Existing-home sales j...

November 2024 Central Ohio Housing Report

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Waiting is a strategy but is it a good one? These numbers may help you decide it’s time to jump in the housing market now. Closings in central Ohio were up 3.5% compared to last November, and the total inventory checked in at 4,600 homes and condos, a 21.2 percent increase over last year. Through 11 months, 2024’s housing market in central Ohio is on track to outperform 2023 in nearly every category. There were 2,146 closings reported in the Columbus & Central Ohio Regional MLS in November 2024. The median sales price remained the same as October, holding steady at $315,000. Days on market rose 29.2% year over year to 31 days, and new listings dipped 1.3% compared to last year, as 2,204 new listings entered the market in November. November’s total number of closed sales was in line with last year's; however, it marked an 18.3% decrease compared to last month. In October, 2,539 closed sales were reported. As the year winds down, 2024 is tracking to outperform 2023 across the boa...

Is It Best to Work Solo or on A Team?

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Agent Value Proposition Defined Are you a licensed real estate agent wondering if you should join a real estate team?  Whether you should work alone or join a real estate team depends largely on your personality, experience level, and desired level of independence;  if you prefer structure, support, and a readily available network, joining a team might be better, while if you thrive on autonomy and want full control over your business, working solo could be the right choice .   Reasons to join a real estate team  Structure and support Teams often provide training, lead generation, marketing assistance, and a clear system to follow, which can be especially beneficial for new agents.   Shared knowledge and expertise Access to the experience and insights no of other team members can help you grow your skills and knowledge.   Accountability and motivation Being part of a team can foster a sense of accountability and encourage you to stay motivated.   Poten...