Home prices are on the rise in Cincinnati due in a large part to shrinking home inventory. The reality is that compared to last year there are fewer houses for sale, yet there are more houses being sold. The basic rules of supply and demand are taking hold, and are increasing the value of real … [Read more...]
Fiscal Cliff and its Impact on Residential Cincinnati Real Estate
Many of us are hearing in the news about the looming fiscal cliff negotiations. How will this impact the Cincinnati Real Estate Market? The Impact of the Fiscal Cliff on Residential Real Estate in Cincinnati According to an article from TheStreet.com the outcome of the fiscal cliff negotiations … [Read more...]
Nationally Home Sales and House Construction Increase in August
New house construction and home sales rose in August both year-over-year and compared to the previous month. According to the statistics sales of existing homes rose 7.8 percent in August from July and were 9.3 percent above the pace of August 2011. And all of these gains accompany an overall … [Read more...]
QE3 and the impact on Cincinnati Real Estate
Yesterday the FED announced QE3, a program to impact the economy by lowering long term interest rates through bond buying. Nationally the real estate market is strengthening and could help lead to economic growth, hopefully spurred on by QE3. So we wanted to look at how QE3 will impact the … [Read more...]
Home Prices Rise Nationwide and Late Mortgage Paymnents Decline
There were two pieces of very encouraging news this week; home prices nation wide are on the rise, and there were fewer late mortgage payments being made. Prices rose by 2.5% in June from a year ago, and by 6% from the previous quarter according to the Wall Street Journal article. The quarterly jump … [Read more...]
