How real estate and finances mix in CBUS’ 2022 market

The biggest real estate stressors in CBUS

Presented by a CBUStoday Partner

Opendoor’s first-ever Financial Wellness Study looks at how people are tackling their finances and homeownership, along with the stress it can cause. | Photo provided by Opendoor

Financial wellness and homeownership are two sides of the same coin. A recent study from Opendoor found that 56% of current + prospective homeowners think about their finances for at least 30 minutes every day. (We feel that. 💸)

Homeownership is a major milestone of financial security that many aspire to — but it can be just as stressful financially as other ultimate goals like saving for retirement and saving for a child’s education.

Fast facts:

37% of prospective homebuyers believe that homeownership will improve their quality of life.
More than 78% are considering buying their first home in the next five years.
53% want to buy within the next two years.

If you’re a part of these percentages, join us as we take a look at how Columbusites are tackling their finances + homeownership and how it affects their stress levels. (Read: You’re not alone if you’re sweating over downpayments. 😅)

The biggest real estate stressors in CBUS — The kitchen includes spacious counters, a breakfast bar, and stainless appliances; while the luxurious primary suite is complete with a walk-in closet + an en-suite bathroom

CBUS real estate stressors by the numbers

Ohio residents are less likely to leave the state to find their dream home (43% compared to 31% nationally).

Regardless of region, consumers are less likely to move to a less desirable neighborhood for a more affordable home. 71% of Midwesterners feel they would not consider such a move, and, like moving out of state, even more Ohio residents (82%) are opposed to this. Would you?

Just the idea of home buying or selling can cause some anxiety. Midwesterners are more likely to stress out over selling their current home (58%). The top two contributors to this stress are:

The fees (according to 78%)
Packing associated with selling a home (according to 79% — we feel that)

In fact, 57% of Ohio residents would rather spend hours at the DMV over navigating a home transaction (compared to 44% nationally)...yikes.

Midwesterners are less likely to consider buying a home as an individual. The 34% of Midwesterners who would purchase a home alone see the most stress of the transaction in working with:

Real estate agents
Lenders, and
Other parties on their own*

TAKE THE STRESS AWAY

This content was created in partnership with Opendoor and written by Garcelle Vierra Erdie.*

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Today

Columbus Blue Jackets vs. Arizona Coyotes | Tue., Oct. 25 | 7 p.m. | Nationwide Arena, 200 West Nationwide Blvd, Columbus | $38.00 - $285.00 | Watch as the Jackets look to build a win streak against this Central Division foe. 🏒

Wednesday, October 26

Excesss Trivia Wednesdays at Oddfellows Liquor Bar! | Wed., Oct. 26 | 7-9 p.m. | Oddfellows Liquor Bar, 1038 N High St., Columbus | Free | Play Jeopardy-style trivia for free + win prizes.
Dog Costume Party & RESCUEDohio fundraiser | Wed., Oct. 26 | 5-8 p.m. | Sideswipe Brewing, 2415 Scioto Harper Drive, Columbus | The dogs with the best three costumes will receive a prize. 🐶

Thursday, October 27

Jim Jefferies | Thu., Oct. 27 | 7 p.m. | Palace Theatre Columbus, 34 W. Broad St, Columbus | $62.00 - $101.00 | Catch this comedian who is famous for TV shows like “Legit” on FX, or “The Jim Jefferies Show” on Comedy Central. 🎤
Wolf’s Ridge Brewing’s Boo’s & Booze at Understory | Thu., Oct. 27 | 5-10 p.m. | Understory, 2571 Neil Avenue, Columbus | $30.00 | Get a little spooky, a little groovy, and a little boozy to celebrate Halloween. 👻

Friday, October 28

Ghostbusters | Fri., Oct. 28 | 8 p.m. | Columbus Museum of Art, 480 East Broad Street, Columbus | $18.00 - $88.00 | Watch the classic 1980s flick as the Columbus Symphony provides a live rendition of the soundtrack. 🎥

We have a monthly guide filled with events + activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

100+ MORE EVENTS

Weather

78º | Mostly cloudy | 0% chance of rain

Development

Vista Village, a new affordable tiny home neighborhood, is expected to host a groundbreaking ceremony in spring 2023. The 15-acre area near Refugee Road will offer 41 tiny homes, a community center, and a park + is available to those experiencing homelessness. 🏡 (Columbus Business First)

Coming Soon

Fox in the Snow, a local café with three locations in the city, is opening a fourth location in Dublin at 38 W. Bridge St. next year. The new location will offer 3,000 sqft of space + resides in a former post office. ☕️ (Columbus Business First)

Sports

The Buckeyes vs.Wildcats football game on Sat., Nov. 5 at Northwestern will officially kickoff at noon. For those unable to make the trip to Evanston, Illinois, the game will be played on ABC. 📺
It’s time we show the kicker some love after Ohio State’s Noah Ruggles was named Big Ten Special Teams Player of the Week. Noah made every kick last Saturday, including four field goals and six point-after-attempts. Noah has scored 121 points on extra point kicks in the last two seasons. 🏈

Try This

Watershed Distillery will host its first annual Booty Hunt on Sat., Oct. 29 from 8 a.m.-2 p.m. The local distillery is planning multiple raffle giveaways including rare bottles of bourbon and an empty bourbon barrel + the Ohio State vs. Penn State game will be on TVs inside. 🥃
Taste of the North Market Gala, an annual fundraiser for the Bridge Park location, takes place on Fri., Nov. 4 from 7-10 p.m. Tickets are on sale now + include a three-course meal, adult beverages, live entertainment, and raffle entries for prizes. 🎟

Arts

Ohio artist Jessica Wojtasek now has 17 different works of art on display inside the Studios on High Gallery at 686 N. High St. Each painting features a local cityscape, including popular neighborhoods like German Village or downtown. 🌇 (The Columbus Dispatch)
The Wild Things Are Happening exhibit is now on display at the Columbus Museum of Art until Sun., March 5, 2023. The exhibit showcases the work of Maurice Sendak, author + illustrator of popular children’s books like “Where the Wild Things Are.” 📚

Community

Yesterday marked the beginning of Diwali, also known as the Festival of Lights in Hindu, Sikh, and Jains religion. Columbus is hosting its first-ever celebration where City Council chambers will be decorated in traditional Indian decor to honor the five-day festival. (WOSU)

DYK

Did you know you can support CBUStoday through our retail store? We’re celebrating the unique landmarks and history in Columbus with our online shop. Show off your Columbus pride with stickers, hoodies, mugs, and more. No need to wait. Start shopping.

Real Estate

Opendoor + Zillow are joining forces. The new multi-year partnership will allow Zillow sellers to request an Opendoor offer. Customers will be able to use Zillow’s service as a standalone offering or package it with other Zillow home shopping services (read: financing, closing or agent selection). 🏡 *

Shop

Here’s a friendly reminder that we’re less than a week out from Halloween. Have you bought your costume yet? What about the candy? And if you wanna be the coolest parent or grandparent on the block — while increasing your trick-or-treater’s nighttime visibility — grab this affordable 100-pack of glow sticks.*

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Big brunch energy

Columbus chef to be contestant in new Dan Levy competition show

The first three episodes will be available at launch. | Photograph by Jeremy Kohm/HBO Max

Dan Levy, famous actor from “Schitt’s Creek,” is ready for his new competition show to hit TVs + a former Columbus chef will be competing for $300,000.

According to a recent article from People Magazine, Catie Randazzo, a Columbus-born chef who now lives in Los Angeles, is one of 10 different chefs competing for the grand prize. You might know Catie for their previous work around the city, including the former Ambrose & Eve restaurant.

“The Big Brunch” will air for eight weeks on HBO Max with chefs being challenged to create dishes + drinks around a theme. The first episode airs on Thurs., Nov. 10. Judges will include chef Sohla El-Waylly and restaurateur Will Guidara.

THE WRAP

Today’s issue was written by Mitch.

Editor’s pick: I have to give a shoutout to Columbus-based band Caamp for the concert last Friday. Not only did they play for nearly two and a half hours, everything about the show screamed local, including Parker Louis, who was the opener. The band fittingly came to the stage playing the Columbus Blue Jacket’s warm-up song to mark the first time performing at Nationwide Arena.

Missed yesterday’s newsletter? Here’s how to celebrate Halloween this week.

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Editorial: Mitch Hooper, Hanna Williford, Sarah Leonhardt, Erin McPherson, Ashlea Hearn, Emily Shea | Send us a scoop, question, or feedback.

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