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Columbus Housing Market is Stable

by Maureen McCabe on October 3, 2007

skyline

Another Forbes.com list of cities…  according to Forbes.com and Moodys Economy.com when it comes to housing market stability,  Columbus is number three in the country:  

“Housing Trends - America’s Most Stable Housing Markets”

1. Seattle

2. Pittsburgh

3. Columbus

They say of our Columbus home prices

 ”Annual price change from 2006: -1.2%

Projected price change to 2008: 3.49%

“Based on Moody’s Economy.com calculations, next year Columbus should boast the eighth-fastest sales rate of the 40 markets examined.”

There is a slide show of Americas most stable housing markets online within the Forbes.com article  including Columbus and a little further down the list Cincinnati.  Forbes.com uses a similar photo of the skyline of downtown Columbus from North Bank Park. 

In the October 1, 2007 article Forbes.com and Moody’s Economy.com get into the effect of the subprime mortgage market’s  collapse nationally and in local markets:

“It largely reflects that these markets never went through the boom and aren’t going through the severe bust,” says Mark Zandi, chief economist at Moody’s Economy.com. “Price growth is not great, but [these markets] are not having house price declines. [All markets] are experiencing pricing problems, but in these markets it’s less of a problem.”

Ready to make a move?

Sellers:  What’s your Central Ohio home worth?  Market Analysis  Request

Buyers:   

Search Central Ohio Homes Online No Sign Up

MyRealLiving.com -  set up your own page  Choose me as your agent if you would like to work together to find a property! 

Find a Central Ohio Home  - Let me help you find your “Dream Home” 

Photo credits: This photo of the Columbus Ohio Skyline Photo above is from Wikipedia.  “Skyline of Columbus, Ohio Photo shot by Derek Jensen (Tysto), 2006-01-23, Wikipedia says  I, the copyright holder of this work, hereby release it into the public domain. This applies worldwide. In case this is not legally possible: I grant anyone the right to use this work for any purpose, without any conditions, unless such conditions are required by law.”  Thanks Derek

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{ 2 comments }

1 Linda October 5, 2007 at 10:58 pm

I wasn’t sure about this blog, can you provide more info?

2 MaureenMcCabe October 6, 2007 at 01:45 am

Gee Linda I am not sure what you are looking for as far as more info on “this blog” I assume you mean more info on the entry “Columbus Housing Market is Stable” on ColumbusBestBlog.com

Or do you mean more info about the blog ColumbusBestBlog.com?

As far as more info about the subject of “Columbus Housing Market is Stable” click on the link to Forbes.com for all the info. That’s the line that says “Housing Trends – America’s Most Stable Housing Markets” in the entry.

I am a blogger, not an economist, I’ve provided a blog entry about a list Columbus appears on with a link to the information in it’s entirety. There’s lots of info in the report on Forbes as far as the methodology of the study, what their projections for Columbus and the rest of the markets are, why the cities are considered stable, all the info is there if you want more info. All you have to do is read the article.

There are market reports on ColumbusBestBlog.com, if that is what you are looking for as far as “more info.” Market reports give inventory, sales price info and not much more. It’s a buyers market.

Columbus is a stable market, prices are down this year. Moody’s Economy.com and Forbes.com project prices will go up in 2008, not drastically but they will go up. There’s inventory now, smart buyers are buying now.

Use the links provided for contact at the bottom of the entry if you have a particular real estate need. I’d be happy to help you if you are looking to buy or sell and use all the information available.

Thanks for the comment, incidently your comment sounds just like spam comments that “bots” constantly leave on this blog. The only difference is they have a link to some site they are trying to get people to visit. I get “I’m not sure about” or “I don’t understand” comments from spamming bots all day, all the time. A comment like that will probably get your comment dumped in the spam filter.

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