What is a stigmatized house? Sometimes bad things happen in houses and they make it, well, undesirable to potential buyers. The term 'bad things' is really broad because the reality is that a bad thing to one person is not so bad to another person. These 'bad things' take the form of murders, … [Read more...]
Cincinnati Real Estate Mortgage Rate Trends
The Cincinnati real estate mortgage rate trends have been fluctuating throughout the economic slowdown and for the most part the trend has been downward. Average yearly mortgage rates have dropped year over year since 2006 (6.41%) through November 2010 (4.30%). The real question is what will 2011 … [Read more...]
Cincinnati has Affordable Real Estate and Low Cost of Living
Cincinnati has affordable real estate and a low cost of living according to a report from the Cincinnati Area Board of Realtors. The report in question focuses on the Overall Home Affordability Index which calculates the median cost of a mortgage on a median priced house and considers the ability of … [Read more...]
Cincinnati Property Auctions, Pre-forclosures, and Bank Owned Homes
One of the hard realities of the current housing market is that some people took up loans that they can not afford to keep once their Adjustable Rate Mortgage began to adjust. In a some cases homeowners are having to sell their homes in pre-foreclosure sales, or in some cases the lenders are … [Read more...]
