Still A Great Time To Buy In The Columbus Ohio Housing Market

Is Columbus Ohio still a good place to purchase a home? Absolutely! Here are six reasons why now is the time to jump into the market.

1. Uncle Sam is now involved. First-time buyers (defined as anyone who hasn't owned a home in the last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; and the Federal Reserve is doing its best to make mortgage loans available.

2. You gotta live somewhere, so why pay rent? About 800,000 new households are formed each year in this country, ensuring that the housing market will tighten, even if the economy doesn't soar. Don't throw your money away like this anymore.

3. Buyer's, do the math. Say you $10,000 into the stock market and it earns 10 percent, you've earned $1,000. If you put $10,000 down on a home and its values increases 10 percent, you've made $10,000.

4. Be patient and you will make money through equity. In parts of the country where foreclosures have driven down prices, better times will mean the price of the home you buy will rise rapidly.

5. Get a fixed rate and your costs will remain the same. If you get a fixed-rate mortgage, the monthly payment stays the same - while everything else, including rent, goes upward.

6. It's all yours, no one can tell you what you can and can't do. You can paint it any color you want, let the dog run in the back yard and hang a swing for the kids in the front.

These are all great indicators that now is a great time to buy a home in the Columbus Ohio area!