Number of homes for sale at 4-year low
http://realestate.msn.com/blogs/listedblogpost.aspx?post=8d636bc9-b8b0-4136-b40b-37f5b2e2470e
Friday, December 2, 2011
Thursday, November 3, 2011
Monday, June 20, 2011
Monday, April 25, 2011
Finishing Touches
Check out this artilcle detailing many projects that you can do for free or a very low cost to help get your home ready to the market!
http://www.realtor.org/wps/wcm/connect/rmo-content/rmo/RMOhome_and_design/Articles/2011/1102_houseandhome_finishingtouches
http://www.realtor.org/wps/wcm/connect/rmo-content/rmo/RMOhome_and_design/Articles/2011/1102_houseandhome_finishingtouches
*For tip-filled articles, blogs, and multimedia presentationsthat can boost your real estate career,visit REALTOR® Magazine Online.
Find us at:http://www.realtor.org/realtormag
Monday, March 21, 2011
Press Release
Cincinnati Area Board of Realtors®
March 21, 2011
Home Sales Up 1.90% in February;
Year-to-Date Sales Up 2.82%
Local home sales in February – for the second consecutive month – improved over a year ago. Sales last month totaled 963 compared to 945 in February from a year ago, for a 1.9% improvement.
In addition, the February 2011 sales figure is 7.6% ahead of January sales (963 vs.895)
Sales Jan. Feb.
2011 895 963
2010 862 945
Year-to-date home sales (counting January and February) are up 2.82% over the similar 2-monthperiod a year ago (1,858 vs. 1,807).
The Cincinnati-area housing market, with a gain in sales, was one of the top metro areas in the state last month. The Cleveland/Akron, Columbus and Toledo markets saw a decrease in sales. “Real estate is always a local issue, and the fact that Cincinnati posted gains for the month shows the relative health of our region,” said Pete Kopf, president of the Cincinnati Area Board of Realtors.
Kopf cited three primary reasons why sales, in general, are on the upswing:
1) Buyers’ concerns that if home mortgage rates increase later in 2011, it is smarter to lock in attractive rates now instead of waiting for higher costs as the year progresses. A 30-year fixed rate loan slipped to 4.85% last week, but that isn’t expected to last through the summer.
2) Rent increases currently going on are making renters realize the tax benefits they could receivewith home ownership compared to no tax benefits in renting. [Mortgage interest costs andproperty taxes are deductible on federal income tax returns for home owners.]
3) There currently is an ample inventory of homes to choose from, which offers attractive buying opportunities at all price levels.
February Home Sales
“More home showings are happening early this year,” said Kopf. “That’s a positive sign the housing market has stabilized and the pent-up demand for homes is being handled successfully.”
Cincinnati Area Board of Realtors®
March 21, 2011
Home Sales Up 1.90% in February;
Year-to-Date Sales Up 2.82%
Local home sales in February – for the second consecutive month – improved over a year ago. Sales last month totaled 963 compared to 945 in February from a year ago, for a 1.9% improvement.
In addition, the February 2011 sales figure is 7.6% ahead of January sales (963 vs.895)
Sales Jan. Feb.
2011 895 963
2010 862 945
Year-to-date home sales (counting January and February) are up 2.82% over the similar 2-monthperiod a year ago (1,858 vs. 1,807).
The Cincinnati-area housing market, with a gain in sales, was one of the top metro areas in the state last month. The Cleveland/Akron, Columbus and Toledo markets saw a decrease in sales. “Real estate is always a local issue, and the fact that Cincinnati posted gains for the month shows the relative health of our region,” said Pete Kopf, president of the Cincinnati Area Board of Realtors.
Kopf cited three primary reasons why sales, in general, are on the upswing:
1) Buyers’ concerns that if home mortgage rates increase later in 2011, it is smarter to lock in attractive rates now instead of waiting for higher costs as the year progresses. A 30-year fixed rate loan slipped to 4.85% last week, but that isn’t expected to last through the summer.
2) Rent increases currently going on are making renters realize the tax benefits they could receivewith home ownership compared to no tax benefits in renting. [Mortgage interest costs andproperty taxes are deductible on federal income tax returns for home owners.]
3) There currently is an ample inventory of homes to choose from, which offers attractive buying opportunities at all price levels.
February Home Sales
“More home showings are happening early this year,” said Kopf. “That’s a positive sign the housing market has stabilized and the pent-up demand for homes is being handled successfully.”
Monday, February 28, 2011
Check out this link for information on foreclosure prevention in the Cincinnati area!
http://www.hometoday.cc/foreclosurePrevention.html
http://www.hometoday.cc/foreclosurePrevention.html
Wednesday, January 19, 2011
Most Americans Say It Is a Good Time to Buy a Home
by The KCM Crew on January 19, 2011 ·
We have been making two major points for several months. If you are selling a house, you must do it now AND if you are buying one, you must also do it now. This sounds crazy – but it is true. PRICE is the most important thing to a seller. With prices projected to fall through the first half of 2011, if you want to sell, do it now. The alternative might be to wait over a year just for prices to recover to current values.
The second point revolves around the fact that buyers are more concerned about COST (price AND interest rate). Fannie Mae, the National Association of Realtors, the Mortgage Bankers Association and the PMI Company are all projecting interest rates to rise this year. If you want to buy, your best time to purchase could be right now.
We have had people question us on the second point. We truly believe it is a good time to buy however. And a new survey says that the majority of Americans agree with us. Gallup just released a poll showing that 67% of Americans think this is a good time to purchase a home. The interesting thing is that the same poll showed that more people believed that prices would decrease (27%) than increase (21%). Most people realize that this is a opportune time to purchase even if prices continue to soften.
Even the Gallup people weighed in on the subject:
Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.
Bottom Line
There may be people advising you to use caution before buying a home right now. That is probably good advice. However, there is a difference between caution and fear. Fear could paralyze you and prevent you from making a good decision. Caution will make sure you make the right decision. And remember: if you do think it makes sense to buy your home today, 2 out of 3 people agree with you.
by The KCM Crew on January 19, 2011 ·
We have been making two major points for several months. If you are selling a house, you must do it now AND if you are buying one, you must also do it now. This sounds crazy – but it is true. PRICE is the most important thing to a seller. With prices projected to fall through the first half of 2011, if you want to sell, do it now. The alternative might be to wait over a year just for prices to recover to current values.
The second point revolves around the fact that buyers are more concerned about COST (price AND interest rate). Fannie Mae, the National Association of Realtors, the Mortgage Bankers Association and the PMI Company are all projecting interest rates to rise this year. If you want to buy, your best time to purchase could be right now.
We have had people question us on the second point. We truly believe it is a good time to buy however. And a new survey says that the majority of Americans agree with us. Gallup just released a poll showing that 67% of Americans think this is a good time to purchase a home. The interesting thing is that the same poll showed that more people believed that prices would decrease (27%) than increase (21%). Most people realize that this is a opportune time to purchase even if prices continue to soften.
Even the Gallup people weighed in on the subject:
Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.
Bottom Line
There may be people advising you to use caution before buying a home right now. That is probably good advice. However, there is a difference between caution and fear. Fear could paralyze you and prevent you from making a good decision. Caution will make sure you make the right decision. And remember: if you do think it makes sense to buy your home today, 2 out of 3 people agree with you.
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