Heads Up!

 
"Columbus has moved up in the rankings of America’s strongest economies."  It says so on my HER Real Living Business Center this morning. It kinda sorta registers with me, I grab the quote.. and wish there was a link to more info. 

Is this what Bonnie of Real Estate Snippets tried to give me a heads up about a day or so ago? Nope her's is a different report...  same economies kinda, sorta including a much too long PDF.    The PDF has gorgeous graphs though.  

Ohio is 50 of 51 (DC must be there?)  Our Mitten State northern neighbor is 51..... OK that is states, what HER Real Living told me about this AM is a statistic about the Columbus Metropolitan area. 

"Columbus has moved up in the rankings of America’s strongest economies."

My HER Real Living Business Center Regional News this morning says:

"According to a POLICOM Corporation ranking, the Columbus Metropolitan Area is now the 7th-strongest economy in the nation, among a list of 361 Metropolitan areas. The city moved up from 12th place in 2005 and 18th in 2004.  Neighboring cities like Indianapolis, Cincinnati and Cleveland rank 9th, 34th and 157th, respectively."

My first attempt to Google for the info I have one too many m's... policomm is political communication.  HER Real Living Business Center spelled it A OK but why isn't there a link ... it would really, really help me if HER Real Living would supply the link.  Or they could just write this blog for me.  Just kidding.  I just Googled it from memory.... interesting but  www.policomm.net/ is not what  I am looking for.  

Policom.com  2740 SW Martin Downs Blvd. #279 - Palm City FL 34990 - 772-781-5559 -

"Economic Analysis Everyone Understands.... 

POLICOM is an independent economics research firm based in Palm City,  Florida, which specializes in analyzing local and state economies.

Discover which local economies in the United States are the strongest or weakest and how your community compares to the rest of the nation through the services offered by
POLICOM Corporation. "

Maybe Policom.com is a subscription only service.  I don't have a lot of luck locating the actual study which shows:

 'the Columbus Metropolitan Area is now the 7th-strongest economy in the nation" 

Yahoo! (an exclamation of joy... not a search engine or internet service or  whatever Yahoo is...)  Buy a home, rates are great, we are healthy in Ohio, very healthy in Columbus. 

Contrarian Chronicles on MSN.com Money Central  featured our fair city on Tuesday October 3, writing in part: "You can see how the housing bubble is bursting in places like Columbus, Ohio, where builders and lenders threw common sense away and enticed people to buy homes they couldn't afford."

The information in the MSN aracticle is what was in the Columbus Dispatch September 16 to 19, 2005 series.  

I must have missed the housing bubble.   A housing bubble is when values go up like they have on the east and west coasts.  We have not had double digit appreciation in Central Ohio.   Wikipedia   defines "bubble in economics, a bubble is a situation where speculation causes the price of goods to rise to unsustainable levels, usually followed by a crash."  Real Estate Bubble

I must have missed the bubble bursting too as 'Contrarian Chronicles'  told the nation about "Empty houses, falling prices: A boom dies" referring to Columbus Ohio.  The majority of the 'Contrarian Chronicles'   article was about foreclosures in the market and Dominion homes as reported by the Columbus Dispatch in their series. 

End of Summer Home Sales Sizzle according to the Columbus Board of Realtors: Homes sold for an average of $183,572 in August which is 5.7 percent higher than homes were selling for in August of 2004. The average sale price year to date (January through August) is $179,551."

The Columbus Dispatch article was about aggressive building, agressive mortgage lending,  "flipping"  and mortgage fraud but I don't remember the bubble where local home values increased to unsustainable levels and then dropped in value.  Yep I will agree with the "where builders and lenders threw common sense away and enticed people to buy homes they couldn't afford"  part though.