A Blog Covering The Columbus Ohio Real Estate Market

Worthington Farmers Market-Downtown Worthington

Posted by Mike Parsons
May 08, 2008 at 08:09 PM

If you want to experience something very cool that Worthington has to offer, stop down every Saturday in downtown Worthington, Ohio from 9:00AM until Noon. There you will find the Worthington Farmers Market. The streets and sidewalks are filled with farmers marketing their natural produce and foods. It is a traditional market setup with crowds flocking toward their favorite vendors. People come from Delaware County,Westerville, Clintonville, Upper Arlington, and Dublin to experience this traditional mix food and culture. Worthinton Farmer's Market is located one block south of route 161 on High Street (RT. 23) in the downtown business section. For more information you can check the Olde Worthington Business Association Website at www. owba.net or the City of Worthington website at http://www.worthington.org

For most buyers, it's a great time to buy !

Posted by Mike Parsons
April 14, 2008 at 11:19 AM

If you are a first time buyer who doesn't need to sell a home , you have an upper hand in today's market . Mortgage interest rates are at historic low points. There are over 17,000 new and resale homes that offer a tremendous selection. For investors who like to hold real estate for the long term, today's market is a goldmine. The properties competeing for buyers along with the low interest rates make this a perfect investor market. For the move up buyer, today is a great time to sell and move up. If your home was valued at $300,000 last year yet you might sell it for $270,000 today, you may have lost the opportunity to earn the $30,000 difference. However, you can assume that the $500,000 home of your dreams also is selling for 10% less, thus saving you $50,000 on the price of the new home. Guess who comes out on top...you do !
To find your perfect dream home , call The Parsons Real Estate Group !

Low interest rates are keeping our market strong!

Posted by Mike Parsons
April 10, 2008 at 04:43 PM

Mortgage rates are the biggest factor in determining how much one can afford, so when rates are as low as they are today, you and I have incredible buying power. How low are they ? People who bought a home in 1963 were paying the same rate that is available today. A lower interest rate means you can afford more home. A lower interest rate will save you thousands of dollars over your lifetime. Financing is readily available for those with a steady job history and a suitable credit rating. Lower interest rates mean many first time buyers may finally be able to afford a home.
Call the Parsons Real Estate Group to talk about the advantages of buying a home today !

Central Ohio's Housing Market is Healthy and Stable!

Posted by Mike Parsons
at 03:29 PM

All real estate is local in nature, yet the media often quotes national trends and statistics. Central Ohio is a healthy and stable marketplace. Over 24,000 homes sold in Central Ohio in 2007. According to a Forbes.com report Columbus is the 7th most affordable place to live well. A Forbes and MoodysEconomy report called Columbus the 3rd most stable housing market in the country based on the strength of our economy,the affordability and availabilty of housing and the availability of the local credit markets. Home sales are affordable ! the average sale price of homes in Central Ohio continues to be considerably lower than the national average. 2007 was the 4th best housing market in history coming off the biggest housing boom in years 2003-2006. Home prices have a steady increase of 40% over the last decade. The chief economist of the National Association of Realtors considers Central Ohio undervalued. Housing prices are lower than what experts would expect . In Summary, The Grass is Greener here ! Call The Parsons Real Estate Group to buy or sell your next home !

Worthington Estates-Olentangy Hills-Worthingway Neighborhoods

Posted by Mike Parsons
March 02, 2008 at 11:09 PM

Here are the latest 3 sales in Worthington Estates and Olentangy Hills. Worthingway hasn't had any sales in the last couple months.
472 Blandings Ct., a 3 bed 2 bath 1640 square ft. 1 story, was Sold on 1/4/2008 by Phil Giessler for $213,000 and on the market for 26 days.
73 Heischman was sold on 2/13/08 at $219,900 in Worthington Estates East. It was a 2 story with 2080 sq.ft with 4 bedrooms and 3 full baths and on the market for 255 days.
6865 E. Alloway was sold on 2/20/08 for $223,500. The one story had 3 bedrooms/2baths and was on the market for 82 days.

Nikolai Zherdev-Home of the Columbus Blue Jackets Star

Posted by Mike Parsons
February 11, 2008 at 01:42 AM

Zherdev has been setting the Nationwide arena on fire this year. Burnham Square has been a very popular condominium complex for the Columbus hockey team due to its super close proximity to Nationwide Arena (about 100 yards). Nikolai purchased a 2 bedroom, 2.5 bath, 1958 square foot condominium at Burnham Square in 2006 for $457,000. Other notable residents of Burnham Square in the Arena District are Pascal LeClaire at $492,000 and Kristian Tollefsen at $445,000.

Rates are Great!

Posted by Mike Parsons
February 01, 2008 at 05:46 PM

Interest rates have come down! Third Federal Savings and Loan's website offers their current rates. As of today, 2/1/2008, their 30 year fixed is 5.49% and their 15 year fixed is 4.9%. As you know, mortgage rates change every day. Many believe that rates still may come down more over the next couple months. These are the lowest rates we have seen in the last 50 years. This is a great time to refinance or purchase your new home. If you can think back to the 1980's many of us or our parents were still buying homes when rates were hovering around 15%. Under 6% sounds good to me.

You can view Third Federal's rates at View Rates

Remember these are rates for good credit borrowers with at least 20% down.
If you have less than 20% down payment to work with there are some very competitive programs out there but at a higher rate than the ones displayed.
Other great banks/lenders we have worked with are Dave Zambo at Park National Bank, Antonio Benton at Mid-American Mortgage Solutions, Natalie Moore at National City Bank, and Dave Dikeman at Homestead Mortgage.

Don't hesitate to email or call for any recommendations for using a bank to refinance or purchase a home. We work with many great banks and brokers everyday.