End-of-year analysis of the Ohio housing market for 2016 has revealed exciting growth over the last decade. Ohio realtors such as Tammy Mazzocco are working on behalf of clients in this high-demand market to fill needs and ensure sound investments.
Throughout Ohio, home purchases increased by nearly eight percent in 2016, and prices increased by nearly five percent in the same time frame. The increases represent a heightened demand for homes right now, and the current market can only supply about four months of the current demand from buyers, who are “out touring in droves” according to Neal Richardson, chief economist at Redfin.
The increase in demand has continued despite increases in mortgage rates in the last year, and the lack of significant new properties is likely to keep the trend going. Tammy Mazzocco has been practicing real estate since 1995, and has been in the field long enough to analyze current trends for investors interested in long-term development.
The year has begun with interest rates as low as three to four percent for 15-year and 30-year fixed mortgages, respectively. For Mazzocco, the goal is to stay in the moment, using her years of experience to create advantages for each individual client. “I treat my clients’ time and investment as I would my own,” she said in a recent interview with IdeaMensch. “I focused on the deal and what is best for the client at all times.”
While some buyers are concerned at the advantage sellers have in the current housing market, Tammy Mazzocco’s clients will benefit from her time in property management and learning from other agencies before she began her own practice.
Also see: https://in.pinterest.com/mazzacco1/