June 18, 2009
HOUSING STARTS UP IN COLUMBUS, OHIO
Finally, some good news for a change! With an increase in new home construction up 17.2% across the nation, housing starts are up 3.5% in Columbus since the start of 2009. Experts attribute much of this good news to first-time home buyers, low interest rates, and the $8,000 tax credit available for first timers. They go on to say, “now more than ever is the time to get into the real estate market. Conditions will never be more favorable than they are at this time.” The first time buyers are feeding the entire market. With companies offering great incentives containing upgrades and discounts, it’s an opportune time. Although this is all good news, the housing market is far from “back to normal.” We need to adjust our mindset that the new normal will have a different appearance when it does occur ~ hopefully by the third quarter of 2009.
Posted by:
Judy Gray
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