Buying a house in my midwestern hometown is harder than I thought - Business Insider

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'In a turn of events I never would have believed a year ago, Columbus, Ohio has overthrown New York City as the fastest-selling real estate market in the country, according to Zillow data'

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.are low during the coronavirus pandemic, the Midwest is garnering a lot of attention from homebuyers for low costs of living and spacious homes.

When I moved back to Ohio from Seattle, I thought my days of cutthroat competition for a place to live were behind me. I expected this to be a relatively easy experience compared to the rigors of finding a decently priced apartment in a major city. While these two cities are two different worlds, I didn't expect them to have so much in common, especially in the housing market.

Data shows that over the past few years, Midwestern cities have slowly been increasing in population. As millennials want to own a home and start a family, and coastal cities face an explosion in housing prices and rents, the Midwest has become an affordable haven. And, it seems that coronavirus has accelerated the trend.

While those activities are on hold due to coronavirus, the Midwest has something else people want: space. Single-family homes are common in the Midwest. They're getting a lot of attention on the market, according to Ortegren. In the Midwest, living is affordable and homes are spacious — two things that are certainly nice to have during a global pandemic.One Saturday, I had a showing cancelled on a house after someone else made an offer.

 

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Get in the market! Even if you are young with little capital you can invest in real estate and live for free at the same time.

How has this not been deleted yet.

Um, this picture is of Cincinnati.

😂

👀 KennyMcDon

Why is it a picture of Cincinnati if they are talking about Columbus *disclaimer, I did not read the article 😂

CinciMowbray

That’s a picture of Cincinnati my guy.

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