As the market continues to show shoots of recovery, experts believe that the roots will continue to grow. In his annual letter to the shareholders of Berkshire Hathaway, Warren Buffett said, “Within a year or so, residential housing problems should largely be behind us.” After a steep run-up in prices during the first half of the decade, home values have readjusted back to normalized levels. Fixed mortgage rates are sitting near record lows and the number of homes available for sale is providing home buyers with more options. Also encouraging are indications that the high end of the... [more...]

By Steve Habegger AmyBSells Team Certified Distressed Property Expert Short sales and foreclosures have become dirty words to the average person.  But in my experience and education, I’ve found that there are many average people who are unfortunate enough to encounter these realities.  Too many homeowners are making decisions without proper information. That is why I have become a Certified Distressed Property Expert (CDPE) for the AmyBSells Team. A CDPE is a real estate professional with specific understanding of the complex issues that confront homeowners in distress. Through comprehensive... [more...]

7-day stats for Single Family properties in CINCINNATI, OH45208 as of February 5, 2010 Median List Price $329,900 Average List Price $454,756 Total Inventory 169 Price per Square Foot $158 Average Home Size 2,150 Median Lot Size 7,318 Average # Beds 3.39 Average # Baths 2.54 Homes Absorbed 4 Newly Listed 8 Days on Market 226 Average Age 25  Read More →

Tuesday, January 26, will be proclaimed “Keller Williams Day” in Cincinnati by Mayor Mark Mallory. The company is being recognized for its outstanding growth in 2009. Also present at the 10:30 ceremony will be City Manager Milton Dohoney, Cincinnati Area Board of Realtors’ Pete Kopf, and Keller Williams’ Jamie Hurtubise. This outstanding growth is part of why I work with Keller Williams — to help me provide the best service for my clients. I chose to work at Keller Williams due to the amazing energy and collaboration they have.  I think when you step inside and talk... [more...]

This Week in Hyde Park The median list price in Hyde Park this week is $344,900. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market. Supply and Demand Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market. Market Action Index The Market Action Index answers the question... [more...]

This Week in Mt. Lookout The median list price in Mt. Lookout, OH this week is $327,450. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market. 90-day stats for Single Family properties in CINCINNATI, OH45226 as of March 5, 2010 Median List Price$342,204 Average List Price$408,214 Total Inventory84 Price per Square Foot$157 Average Home Size2,083 Median Lot Size5,570 Average... [more...]

This Week in Hyde Park The median list price in Hyde Park this week is $332,500. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market. Supply and Demand The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again. Market Action Index Price Again this week in this zip code we... [more...]

Here’s a quiz. You should buy a foreclosure or short sale if: a.) You have all the time in the world to buy, close and move in. b.) You want to buy all new appliances, lighting fixtures, carpet, furnace, AC, cabinets and vanities anyway. c.) You are extremely handy and/or have the ability to do trades for services, OR you have a lot of cash on hand for surprise issues. d.) All of the above! You can probably guess what is the most likely scenario if you choose to purchase a foreclosed home or short sale. You must be prepared for all of the above (and more) if you enter into the purchase of a... [more...]

Wherever there is free money, there are people trying to take advantage. Reports have shown that fradulent applications for the $8,000 tax credit have caused the IRS to need to go back and investigate all the already-filed claims as well as check all future ones more carefully. This simply means that the receipt of your tax credit will probably be delayed. This will probably be true for people who filed amendments to their 2008 returns, and will also probably be true for those who file for the credit with their 2009 returns. The reason this happened? Likely because the paperwork is so simplistic... [more...]

Reports from the US Senate have shown that key Senators have said they will support an extension to the homebuyer tax credit, which is set to expire at the end of November. On Tuesday the Senate proposal of the extension cleared a procedural hurdle. On Wednesday a deal reached by some Senators ironed out some potential details of the extension. It could potentially be an amendment to a bill pertaining to unemployment, but it is unclear whether or not it will be included as an amendment. There is no vote on this measure scheduled as of now, but Senators who back the bill say it could be coming very... [more...]

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