Lawrence Yun, chief economist for the National Association of Realtors, presented the NAR Forecast for 2010 real estate at the annual conference held in San Diego in November.  His projections included the following good news:  13.6% increase in the sale of existing homes as well as a return to positive growth in home values as inventory levels continue to decline. Although real estate markets vary...

New limits will impact New Albany Home Buyer's & Sellers Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010.  More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years. Income limits for...

With the $8,000 tax credit for 1st time home buyers about to expire on November 30th, I was expecting to see a lot more  New Albany homes for sale and Columbus homes for sale going into contract.  When the tax credit was announced, the experts thought it would jump start the housing market.  From my vantage point, there has been little “trickle up” effect seen in New Albany Ohio real...

And you need an experienced guide It is with great fondness that I remember the days of putting a New Albany home into contract, and pretty much being assured that I’d soon be joining the happy Buyer and Seller at the closing. Well, maybe some time in the future those days will return, but for now, its a jungle out there! Now more than ever, you need an experienced Realtor…Kate and Tony...

An article in the August 13th issue of the Columbus Dispatch referred to a growing foreclosure problem in the suburbs of Columbus.  I began to wonder if this applied to New Albany as well.  I searched the  Multiple Listing Service to see how many of the homes that have sold in NA so far this year were either Foreclosed properties or Short Sale properties. 22 Foreclosed or Short Sale Homes Sold in...

I subscribe to a blog written by a decorator friend of mine, Colleen Lora and I like what she has to say.  The following article is one she has written for our readers.  Thought you’d enjoy a different “voice” for a change!-Kate Common Decorating Mistakes I am often asked, “What are the most common decorating mistakes?”  So, I’ve compiled a list – now...

July is the first month in 2009 where unit home sales in New Albany Ohio were equal to the number sold in 2008. 30 homes sold in New Albany this July, the same as was sold July ’08. At the end of the 1st quarter this year, unit sales were off the 2008 pace by over 50%. Through July, 2009, unit sales are off 25% - a marked improvement over 1st quarter. As you can see in the chart below, TY/LY unit...

The BIA (Building Industry Association) recently announced that New Albany, Ohio will host the 2010 BIA Parade of Homes.  The Parade of Homes is scheduled to take place July 10 – 25, 2010.   This 58th Parade will be located in Ackerly Park, an 18 acre site near the intersection of Market Street and Main Street in the New Albany Village Center District.  This location is believed to be...

In a recent blog post, I noted that home sales results for 2009 in New Albany, Ohio were off the 2008 pace.  I realize that what I didn’t say is that while sales are off, some homes in New Albany are selling.   With the spring selling season about to begin, I want to share some sure fire ways to make sure that your home is one of the ones that sells.    New Albany Homes...

Learn how to get your New Albany, OH property taxes lowered with the Franklin County Auditor.