New Mortgage Applications are Down to a 13 Year Low

Applications for primary home mortgages are down to level not seen since May 1997. The Mortgage Bankers Association, the trade group for mortgage bankers, is attributing this to the expiration of the federal tax credit and overall slow economic revival. The data points to the week ending May … [Read more...]

I Missed the $8,000 Housing Tax Credit so Should I Still Buy a Home?

In recent days I have had a few phone calls from first time home buyers asking me if they should still buy a house even though they missed the $8,000 tax credit. In some cases they could not find the right house, or they did not hear that the credit was extended. Regardless of the reason they missed … [Read more...]

First Time Home Buyer Tax Credit Impacts Winter Real Estate Market

here has been a lot of talk recently about the impact of the Federal First Time Home Buyer tax credit. The newspapers, the talk shows, the blogs, and the radio dj's have all been talking about how important it is. I wanted to take the opportunity and make clear, in detail, the benefits to first time … [Read more...]

Ohio Association of Realtors Features 2009 Home Sales

Cincinnati real estate sold report for 2009

The Ohio Association of  Realtors features the 2009 home sales in their monthly publication. The below graphic shows a state wide look at sales volumes and price changes in specific regions of the state. The good news is that here in the Cincinnati market the annual volume has not changed much … [Read more...]

Case-Shiller Market report and our Cincinnati Real Estate Market

Case Shiller Home Price index July 2009 - Cleveland

Yesterday the Case-Shiller home price index came out, and it had some positive numbers. The C-S index looks at 20 major metropolitan real estate markets and watches the change in home sale prices on a monthly basis. The index provides numbers that are normalized for the home prices in the first … [Read more...]

Selling a Home In Cincinnati: August Report

august 09 sales chart

The Cincinnati Area Board of Realtors recently issued their monthly report. The news is pretty much what we all in the real estate field expected. Prices are still slightly depressed, but home sale volume is slightly better than last year. August 2009 was slightly better than August 2008 in terms of … [Read more...]

Cincinnati Real Estate: First Time Home Buyer Tax Credit Deadline

The deadline for the First Time Home Buyer tax Credit is quickly approaching. The language of the legislation reads that the homes must be closed by November 30th, and many home buyers are not aware of the time it takes to complete a real estate transaction. On average I have seen transactions take … [Read more...]