Nationwide gave Columbus a 3 in the fourth quarter. The downgrade could be blamed partially on rising home prices, Berson said, adding that buying a house here is less affordable than it used to be, while emphasizing that he's "not particularly worried about that."
Berson's sentiments are echoed in the May report by Columbus Realtors, which found the average sale price of a house in the region reached a record $211,974. That's aided by a housing inventory that is roughly 25 percent smaller than it was a year ago.
Some buyers are feeling the effects of the squeeze. Harvard's annual State of the Nation's Housing released this week found between 25 percent and 49 percent of households in Central Ohio spent more than 50 percent of their income on housing, though that data was from 2014, whenhome prices in Columbus were significantly lower.
Columbus is comparable to Cincinnati by most metrics used inthis affordability map, a part of the Harvard study, which places a heavy focus on low-income households. Low-income households fare a little better in the housing market in Cleveland by some of these metrics.
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Whether you measure our performance in terms of size, sales volume or number of transactions, the leadership of the companies and sales associates represented by ColdwellBankerHomes.com is driving innovation and delivering value to homebuyers and sellers. As a result, NRT’s growing presence includes more than 44,000 affiliated sales associates and 4,900 employees in 727 offices, all ready to serve you.
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