Columbus, GA-AL

There is no doubt that the Columbus, GA-AL metropolitan statistical area (MSA) has been one of the hardest hit areas in terms of the housing market crash. However, there are signs that the market is beginning to rebound. Prices have begun to stabilize and even increase in some areas, and foreclosures are starting to decline.

One of the biggest trends in the Columbus MSA housing market is the increasing popularity of short sales. A short sale occurs when a homeowner sells their home for less than what is owed on the mortgage. This type of sale used to be very rare, but now it is becoming more and more common as homeowners try to avoid foreclosure.

Another trend that is occurring in the Columbus MSA is an increase in new home construction. This is likely due to the fact that prices have stabilized and people are feeling more confident about buying a new home. Additionally, many builders are offering incentives such as free upgrades or closing cost assistance in order to attract buyers.

Overall, it seems that the Columbus MSA housing market is slowly but surely beginning to recover from the crash. Prices have stabilized, foreclosures are declining, and new home construction is on the rise. If you are thinking about buying a home in this area, now may be a good time to do so!