As the swami gazes into the real estate crystal ball to determine the future, he sees a very localized central Ohio housing market. Some good areas and some not so good. Here are his guiding visions as you consider your neighborhood.
1. An overcorrecting market: Prices may have dropped too much. If prices are below 2002 levels in your neighborhood improvement may soon occur.
2. Overdevelopment: The swami sees too many houses built in some neighborhoods before the crash. Over supply is a red flag in newer developments. It may mean prolonged pain.
3. Jobs, jobs, jobs: Swami sees new jobs coming. These areas will see a quickly improving housing market.
4. Lifestyle: The swami sees people having fun, listening to music and going to farmers’ markets. Swami sees some neighborhoods with lifestyle attractions for today’s buyers. Is it walkable? Nearby parks? Fun things to do around the neighborhood? If yes is the answer to these questions, then swami sees great things ahead.
5. Responsible government: Swami sees turmoil ahead for local governments. Are your local taxes reasonable? Schools ok? Sane growth policies that make sense for sustainable growth? Again, if yes is the answer good things are ahead
The swami sees these trends impacting the market for the foreseeable future.
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