Kathy S. Koops
kathy.koops@cbws.com
Direct: 513-300-4090
thecincyblog.com

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Archive for October, 2008

Can Joe Six Pack Obtain a Mortgage?

Wednesday, October 15th, 2008

  Mortgage money

If you believe the media, there isn’t any mortgage money available anywhere!

According to the politicians and the news, the average citizen “Joe Six Pack” cannot get a mortgage to buy real estate in Cincinnati, West Chester or Fairfield….

Well that story is just plain false.

Qualified buyers are not experiencing any difficulties getting approved for a home loan. 

So if you are thinking about buying a home or condo in the next 6 months- pick up the phone and call a reputable loan officer and start the loan approval process now.

A good loan officer will do a thorough credit review, and if it needs to be improved- offer you counseling on how to improve your FICO score.

Remember higher FICO scores mean better interest rates for you!

If you need the name of a good loan officer- call or email me.

2007 vs 2008 Single Family Home Real Estate Sales

Tuesday, October 14th, 2008

 

Real estate sales/Closings for Butler, Warren Clermont and Hamilton County are still less than 2007- but show a  slight increase over last month.

According to data pulled from the Multiple Listing Service of Greater Cincinnati, the dollar volume of single family homes sold/closed continue to struggle.  The chart covers year to date sales for 2007 (blue) to 2008 (red).

Need more information about your neighborhood or part of town- call or email.

Related Articles:  September Condo Sales

September Condominium Sales for Greater Cincinnati

Monday, October 13th, 2008

Condo Closings for September 2008 

Condominium sales/closings in Hamilton, Butler, Warren and Clermont counties still trails last year’s numbers. 

The data is from the Multiple Listing Service of Greater Cincinnati comparing closings for 2007 (blue) to 2008 (red).

The numbers for your particular area may be better ( or worse)- let me know if you would like detailed information.

Condo Sales Data

Actual Numbers

Related Articles:  August Condo Stats

Real Estate by the Numbers for West Chester, Liberty Township and Beckett Ridge

Friday, October 10th, 2008

Lakota School District

Single Family

Average Price

Days on Market

Condos

Average Price

Days on Market

Actives

742

$310,720

118

103

$125,460

110

Pendings

118

$242,451

80

18

$ 100,579

57

Closed (01/01/08-09/30/08)

865

$244,258

81

106

$ 92,445

81

Data from Greater Cincinnati Multiple Listing Service

Real estate sales for West Chester/Liberty Township and Beckett Ridge (Lakota School District) remain steady.

Real estate closing increased slightly from August.

During September 98 single family homes and 17 condominiums closed-a few more than August.

The days on market remain about the same as the previous month-once again this is a hard number to calculate without doing a listing by listing review of “real” days on market.

Sellers are tired of hearing but “Pricing it right” is still the slogan for today’s real estate market.

Need more information about your neighborhood or area-call or email. Enjoyed what you just read, why not subscribe to be notified about the next one?

Related Articles: Compare to August Stats, September Stats for Fairfield & Fairfield Township, Mason.

Fairfield/Fairfield Township Real Estate Update

Thursday, October 9th, 2008

Fairfield School District

Single Family

Average Price

Days on Market

Condos

Average Price

Days on Market

Actives

342

$203,255

111

112

$94,780

103

Pendings

57

$171,228

55

19

$74,664

105

Closed (01/01/08-09/30/08)

391

$166,661

77

82

$ 86,942

99

Data from Greater Cincinnati Multiple Listing Service

Small increase in sales prices bodes well for real estate in Fairfield and Fairfield Township.

45 single family homes and 11 condominiums closed in September and the sales price went up (just a few thousand dollars) for single family homes. Given all the drama in the market- a slight increase is a very welcomed signal.

However, pricing it right is should still be the target for sellers- because the number of active listings far out numbers active buyers in today’s real estate market.

If you need more detailed information about your subdivision or condo complex -call or email. If you want to stay on top of the real estate market- subscribe now!

Related Articles: Mason September Stats; Fairfield/Fairfield Twp August Stats

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