Meanwhile, Columbus led in a national jump in home values last year according to zillow as reported by our friends at The Columbus Dispatch:
Updated: Jan 2, 2018 by JIM WEIKER
In Other News
Checking Federal Reserve Predictions of Holiday Shopping - if they can guess consumer spending, they can guess housing outlook?
Last year, as reported by our mortage partner, Natalie Moore, the National Retail Federation expected total sales of $678.75 billion to $682 billion, up from $655.8 billion in 2016. I think the numbers are out. Someone check and get back to us?
Also, here is a new site we have been checking for mortgage rate news. We like this excerpt of predictions for 2018:
...the yield curve has been flattening of late. “This has been an indicator of economic softening. I expect the yield curve to remain relatively flat over the coming year,” adds Rossi a professor of economics at The University of Maryland). “As a result, this should translate into a reasonable period of stability for mortgage rates.” Other notable factors can drive rates, too. For example, the 2018 midterm election results or unexpected world events like a major terrorist attack could impact mortgage matters. “The stock market could turn bearish, causing rates to drop some. The economy could go into a recession. Or gross domestic product (GDP) might jump to a consistent four or five percent,” says Browder. There’s also the impact of tax reform legislation. With that, there is the potential for GDP to rise and folks begin spending more as consumer sentiment rises..."
Now from this
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