The National Association of Realtors has applauded the drop in interest rates which is helping the home market stabilize. However they are keeping the pressure on the Federal Government to keep driving rates down to bolster the market.

Also, asides from attracting purchasers, lower rates entice homeowners to refinance their homes, or if they chose to stick with their existing adjustable rate product for instance, they may find their payments fall, which means that it really has an impact on everyday American families. A One percent drop in rates increases home sales by around half a million!

What does this mean for New Albany and the Central Ohio Real Estate market? Well, with low rates, borrowing money to purchase a home is becoming much cheaper. Also, with some banks offering no closing cost loans, expanded FHA programs and other products designed to help people purchase that dream home or investment/second property, it may be the best time for years to purchase a property in Central Ohio.

If you are looking to purchase a property in New Albany Ohio or the surrounding area in Central Ohio such as Gahanna, Plain Township or New Albany itself, then please contact The Raines Group for professional Real Estate advice in the region. The Raines Group are more than happy to assist you in your real estate needs. Contact them today via their online contact form or by calling Sandy Raines on: 614-418-7417

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