Since the year 2005, Ohio’s real estate market had been experiencing low growth, not until last year when things changed for the better. There was an impressive record of job creation last year. Perhaps, the reason that so many people had the access to financing to buy new homes. Another reason for the rise in sales can be attributed to the lower mortgage rates last year, which run at an average of 4.09% on a 3 decade fixed rate loan and 3.34% in the 15 year fixed-rate loan.
This year the real estate market is facing a challenge as the mortgage rates increase. The January prices have really gone up, something that is feared to adversely affect the sales. Also, there is the concern that supply is too low. According to most realtors, they do not have enough listings to satisfy the demand that keeps growing by day.
We hope that the year 2017 also favors us. Last year things looked up all through. Even when we thought that the winter would see a decline in sales, compared with the year 2015, things only got better. We sold more and we also gained more on the prices.
I am Tammy Mazzocco, a Re/max realtor based in Central Ohio. Being a real estate agent, I specialize in the sale of residential property in Delaware, Franklin, Fairfield and Licking counties. I have been in this industry more than two decades and for over 22 years, I have been working as a licensed agent.
For me real estate is a passion and I take it as a full-time career. Great customer service is what got me to where I am today. My business relies hugely on this and the highest percentage of sales that I make is either a repeat buy or a referral. Visit my Facebook page for more info.