As temperatures rose in the early summer months, we also saw the Columbus real estate market begin to heat up. Now in August, we're witnessing a leveling of home supply in the Columbus area, and an increased number of real estate transactions.

As temperatures rose in the early summer months, we also saw the Columbus real estate market begin to heat up. Now in August, we're witnessing a leveling of home supply in the Columbus area, and an increased number of real estate transactions.

If you aren't already a fan of this great capital city, here are some recent Columbus real estate facts that might change your mind.

A 2009 report from PMI Mortgage Insurance ranked Columbus as the seventh-most stable market in the U.S.

The Columbus Board of Realtors reports that the median sale price of homes in central Ohio continues to be considerably lower than the national average.

In February 2009, Business Week ranked Columbus suburb Pataskala as the 9th best affordable suburb in the U.S.

People are relocating to Columbus, not just because of a great real estate market, but also because of great employment opportunities.

MarketWatch.com recently designated Columbus as one of the 10 best cities in the U.S. for economic development. This is a positive jump from last year, when Columbus was ranked at No. 14.

Forbes calls Columbus one of the Top 200 best places for business and careers.

According to the Columbus Chamber, Columbus is home to 14 Fortune 1,000 headquarters.

The Columbus Chamber also states that there are 26 colleges and universities with around a total of 115,000 college students in the area.

If you're considering making the move to Columbus, or relocating within Columbus, now is the time to do it. The government is offering lesser of 10 percent of the cost of a home or $8,000 to qualifying first-time homebuyers in the form of a refundable tax credit-known as the first-time homebuyers 8K tax credit.

That means, if you owe $5,000 in taxes, you will receive a check for $3,000. If you don't owe any taxes, you may qualify to receive the full $8,000 credit. If you're lucky enough to have the government owe you money in taxes -- let's say $1,000 -- then you could potentially receive a credit of up to $9,000.

You may be classified as a first-time homebuyer and not even know it. If you haven't previously owned a home, you fall into the category of first-time homebuyer. But did you know that if you haven't owned a principal residence in the past three years, you also are considered a first-time homebuyer?

Harley E. Rouda Jr. is the CEO of Real Living HER, the No. 1 real estate firm in central Ohio.

Harley E.

Rouda Jr.