Real estate agents, investors, home buyers in Columbus should look to RealtyTrac, for bank-owned foreclosures, foreclosure auctions, pre-foreclosure information, for resale MLS homes, new sale homes and sale of homes by owner. RealtyTrac is the source for update listings where you could navigate for Columbus real estate news.
Columbus is a large city and the largest, and fastest growing city in Ohio which withstood the recession with its diverse economy than the Midwest. According to Joe Armeni, broker-owner in Columbus, selling of bank owned properties resulted in zero success. Ohio ranked ninth and Columbus ranked 68th in foreclosure activity in metro areas of the US. There is a spurt in property sales in Columbus Ohio Metro area during July 2011 beating the corresponding sales during previous year by 23.3 percent where about 1865 properties were sold, showing 17.8 % pending sales went cleared.
In spite of lower number of houses available for sales, the buyers are thronging. Statistics and trends of sales in Ohio metro area are readily available with professionals. The prices of properties have gone up; the recession period has made no impact on buyers. 3.1% price increase is observed state wide in sales in July as per Ohio Association of Realtors. Fiserv Case-Shiller Indexes released during May shows that there is the probability of fall in home price by three percent nationally. The falling trend shows further decline by the end of the year by 2.8 percent. According to Benjamin, lenders sale and real estate sales from bank will have an impact on price. Luxury properties in Columbus are in demand again.