Columbus homeownership growing more expensive as mortgage rates climb
COLUMBUS, Ohio (WCMH) — A report from Columbus relators shows that buying a Columbus home keeps getting more expensive, even though the national median home price is higher than here.
Carlie Boos, executive director of the Affordable Housing Alliance of Central Ohio, noted that there are currently more homes on the market in Columbus than last year, but sale prices and spiking mortgage rates keep making it harder to afford one.
“We only have about a third of the homes on the market that we would need to have a healthy economy, and what is out there is largely concentrated in that luxury end of the market,” Boos said. “It’s far easier right now to find a home for $1 million than it is to find a home for $100,000, so those choices are really being constrained.”
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