Shocked buyers and sellers are feeling the effects of social media and not in a positive way. Today’s social need to share everything can backfire in the real estate market. Estastic buyers gushing about finding the perfect home. Not only do […]
Did you ever wonder how long do most families live in a house? The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in […]
Tick Tock! In the hot Cincinnati housing market buyers are running out of time and losing. What do buyers do when they get a signed contract? Most celebrate, calling family and friends announcing victory. But the celebration may be shortlived […]
The first half of 2018 home sales in two areas in the Mason City School District continue to grow. Updates for Mason and Deerfield Twp Ohio. The chart below is based on MLS data for any single family home located within […]
Paying your Ohio property taxes at closing is one of the most confusing costs for sellers. The State of Ohio handles property tax payments in a unique (and universally confusing way). Property taxes are paid in arrears. Arrears means the most […]
Don’t believe everything you hear about saving 20% down before buying a home. The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan […]
May 2018 home sales update for Greater Cincinnati. Home sales continue to outpace the number of new listings which continues to drive up sale prices in some areas. Comparing the average sale price for single-family homes during the first […]
Contrary to popular belief appraising real estate is not rocket science. However, a good appraisal requires both knowledge and time to prepare. “Will it appraise” is a good question in Cincinnati’s overheated/overpriced real estate market. The sole purpose of the appraisal […]
The impact of rising interest rates on Cincinnati real estate will hit all price points. On Wednesday “The Fed” ( The Federal Open Market Committee) raised its lending interest rate by 0.25% to a range of 1.75%-2%, the highest since September 2008. […]