It seems almost that the only topic worth talking about in the real estate industry over the last decade has been the housing bubble pop, and the effects that it has had around the country. From markets that are still reeling almost a decade later, to ones in specific areas that have been seeing a steady resurgence over the years. And in the grand scheme of things, Columbia is one of those cities that has been seeing steady growth with no signs of stopping soon.
For those who live in the area already, this is no surprise, we understand the value of the area, and the reason why so many people are looking to call Columbia home. Yet for those on the outside looking in, you may find yourself a little frustrated as the bank approves you for a loan in an amount that is just below start home costs. The average starter home in the Columbia area can last on the market for less than a week, which is relatively unheard of in other parts of the country, but fairly common here.
This can make things a little sour when it comes to new homeowners looking at this area as the place to set up shop, for those accepting jobs in the area and finding themselves having to rent for an indefinite amount of time, and those who are looking to transition from current homes to newer ones. This plight hasn’t been lost on realtors either, as they struggle to keep up with a high demand and a very short supply. There is some lines of thought that simply building more homes can be the answer, yet it is a short-supply solution that needs to be more carefully examined.
On the one hand, it is a bad situation when it comes to the housing market, but on the other, it begins to illustrate the drawing power of our little city. We know that there are those in the area who view Columbia as less of a city than a large town, and those who find themselves with little to do on the weekend may not be seeing the area as one with mass appeal. Yet we have a strong economy, high rated schools and more than enough to keep people busy throughout the week and weekend.
For those looking to come into the area, we say, don’t give up hope. Columbia is a city that is continually changing and adapting to the needs of the people, and eventually doors will open. There is more than enough reason to call Columbia home, and we relish the idea of our community growing larger and stronger. When the time comes, and the right opening comes along, we wish you the best in your pursuits, and hope that we can add you to the roster of residents. Columbia is starting to bustle, and we enjoy the opportunity and promise that brings.