Columbus housing market showing positive economic signs - WTVM.com-Columbus, GA News Weather & Sports

Columbus housing market showing positive economic signs

by Roslyn Giles  - email | bio

COLUMBUS, GA (WTVM) - Before the housing bubble burst in 2007-08, real estate in Columbus was booming.  Buyers with less than stellar credit could easily get approved for a mortgage. ERA Elite Ventures Realty Agent, Linda Hill remembers the ‘glory' days.  "The market was a whole lot different than it is now; a very busy market. I believe all realtors were very busy during that time period," says Hill.

When the market dipped, some realtors opted for other jobs.  "I have seen some realtors who have taken a part-time or full-time job to supplement their income because of the change in the market," added Hill.

Another upswing in the Columbus housing market is expected to sweep through in about a year when 28,000 people from the Base Realignment and Closures or BRAC transition to Fort Banning from Fort Knox, Kentucky.  But, it looks like the change is already starting to take shape.

The Greater Columbus Home Builders Association says new home sales in Columbus, Harris County, Russell and Lee Counties in Alabama for the month of September are up compared to the same period last year.

 "I think that is a fantastic start from what's going to be happening in our market with all the economic activity", says Craig Greenhaw, President, Greater Columbus Home Builders Association.

Although the numbers look dismal in other areas, realtors says Columbus seems to hold its own. "When I moved to Columbus from Kentucky three years ago, the market was still good, then it dropped, but it's not been that bad for me personally. This year has been better for me than previously, explained Mohammed Shariff, ERA Elite Ventures Realty.




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