Real Estate Laundry » Columbus, Ohio Housing Market Ranked 3rd Most Stable in US!

Columbus, Ohio Housing Market Ranked 3rd Most Stable in US!

October 9th, 2007 categories: Real Estate News

Columbus, Ohio may not be the most exciting place in the world to live but for its residents, that is OK. With solid Midwestern values, a great demographic mix and a steady economy, we have a somewhat static existence.

67066_columbus_ohio

This is not suggest that Columbus lacks energy or spontaneity, as it is a wonderful place to be with more and more opportunities for dining, recreation and entertainment. We do, however, lack the flash and excitement of cities like LA, New York and Chicago. When it comes to the real estate market, lack of excitement is not a bad thing!

With all of the hoopla in the media, we Realtors keep hoping people will see through the spin blitzed across the TV and Newspaper and realize the Columbus housing market is not that bad at all.

Perhaps Forbes has come to the rescue! Last week, Forbes.com ranked Columbus the 3rd most stable housing market in the country.

Factors attributable to our stability include:

Lower than average inventory levels
Little price volatility
Solid job growth

Despite the problems brought on by the crumbling of the sub-prime mortgage industry and high foreclosure rates, our area is still plugging along and threats of a “housing collapse” seem groundless. In truth, the lending and foreclosure issues were caused by bad practices and the resulting consequences were inevitable.

As I have stated in past posts, it is a great time to buy and sell homes. Sure, the Buyers may have the upper hand at the moment, but Sellers are meeting with success when homes are priced and staged properly. If you have been considering a move, don’t let the media keep you from doing so. Get good information, from a professional and make your decision based on the facts.

Related must reads…..

Buying a Home in Columbus, What to Do to Sell Your Home

This entry was posted on Tuesday, October 9th, 2007 at 10:35 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

How Spooky is the Columbus Real Estate Market? said at November 2nd, 2007 at 1:46 pm
[…] Recently I wrote about a Forbes article selecting Columbus as the 3rd most stable housing market in the country. For me, this came as no surprise as Columbus has historically exhibited stability in terms of economy, housing and jobs without the wild home price fluctuations seen in some of the most troubled markets. […]