The Federal Reserve Bank raised the benchmark interest rate by .25% yesterday and buyers think the sky is falling! Borrowers who have already locked-in an interest rate to finance the purchase of their home or condo will not be affected […]
Time for the Cincinnati real estate health check. The sale of single family homes is flowing and, except for a very short supply of homes for sale, the “patient” looks healthy. The chart below reflects just slim the pickings are […]
The real estate market is slowly improving but “foreclosures” and “short sales” still pop up in the listing inventory. The term “short sale” refers to a sale where the mortgage holder owes more than the property is worth- and the lender […]
Lots of issues and problems pop up when people are buying a new home. Mortgage relief scams are rising with warning signs that include asking for upfront fees, making ongoing mortgage payments directly to them, asking for a property deed […]
What is seller’s remorse? The media covers home buyers who have second thoughts after they committed to buy property- something called “buyer’s remorse”. It’s the gut feeling you get when you make a large purchase and then a few hours or days later […]
Buyers need to know the ins and outs about TRID-TILA RESPA Integrated Disclosure rule. History repeats itself when a law or regulation has such a complicated name with so many initials being used that someone needs to come up with an abbreviation […]
How healthy is the Cincinnati Real Estate Market? No need for shock therapy as the month of August closes out and we head into the fall market. August 2015 was ahead of the same month in 2014 in all categories, […]
The official 2015 Homearama was cancelled and in its place the Home Builders Association of Greater Cincinnati is sponsoring a “Parade Craze Tour of New Homes” highlighting new homes scattered all over the area. The “Craze” is a free tour is open […]
Behind on mortgage payments and not able to refinance, because the value of your property is lower than what you owe and Fannie Mae or Freddie Mac backed your current mortgage, you might be eligible to refinance without paying down principal […]