by Michelle Neal
 
Columbus has done fairly well over the last couple of years when it comes to value, stability and affordability. Here are three reports released by the Columbus Board of Realtors. 
 
Columbus has been ranked 7th in most affordable places to live according to Forbes.com in their November 2007 release. This ranking compared the top 50 US cities. This ranking combined cost of living, entertainment options, quality of life and housing affordability. 
 
Columbus was also ranked the 3rd most stable housing market by Forbes.com in October 2007 in conjuction with Moody’s Economy.com. It also claimed that Columbus ranks 8th in the length of time homes are on the market. The study focused on the top 40 biggest US cities. The study took in consideration local economics, new build contracts, foreclosure rates, local credit markets, inventory and affordability.
 
Last but not least, Standard and Poor listed 50 major cities at risk of declining home prices. The list shows that in the next two years, Columbus is one of the least likely to have falling home values. Columbus was ranked #6 from the bottom with a less than 10% chance of home prices falling in the next two years.
 
All in all, there are good things happening in our Greater Columbus Real Estate market.
Please share this information with your friends and family. And be sure to let them know about LaBuda Advantage Real Estate Team!