Average Rents are Higher than Average Mortgages

rent rates vs mortgage rates

For the first time in a long time the average rent rate is considerably higher than the average mortgage.  According to JP Morgan this is part of the fall out from the Housing Bubble and Great Recession. Why Rents are Higher than Mortgages After the housing bubble crashed numerous people were unable to afford their […]

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Cincinnati Snowbird Rules

Beach_Ocean_SeaOats

Before I was in real estate I used to travel to Cincinnati when I worked in the textile industry. The city was beautiful and the people were awesome. However, I enjoyed visiting in the summer as winters were miserable. The highlight was 5 Way Skyline Chili to keep you nice and warm. It was much […]

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Renting, Retirement, The Next Mortgage Crisis

Trulia's rent vs buy chart from q1 2011

The next major mortgage crisis may be caused by renters as they prepare to enter retirement. Liz Davidson of Forbes says “that today, there’s another mortgage crisis in the works—that is, NOT having one—choosing to rent when you can afford to buy; choosing to forgo building equity in a home as a major source of […]

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Weak Euro is Pushing Buyers Over to the States

Europe

As America starts to recover from the vicious worldwide recession, countries in the Euro Zone, such as England, Germany and France, are still struggling with mass amounts of debt and are preparing themselves for the possibility of a double dip recession. With banks across Europe still being straddled with debt, they are now asking for […]

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Which is a better investment Stocks or Real Estate

If you had invested $100,000 in the stock market in the 1st quarter of 2000 (10 years ago), what would your investment be valued at today?  Of course the answer would depend on what the specific stock or stocks you bought, but consider this: The Dow went from 10,921 on January 3, 2000 to 10,583 […]

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A Realtor Reflects on Eminent Domain

Eminent Domain is a controversial issue which involves the government (local, county, state, or federal) condemning a person’s home so that the land it sits on can be used for the betterment of the community. Eminent Domain has been used to acquire land for the development of new highways, airport expansions, and other major public […]

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Guest Blogger Marc Rasmussen

Marc Rasmussen

We are pleased to welcome our first guest blogger Marc Rasmussen, a Realtor with  Michael Saunders and Company in Sarasota, Florida. As the weather cools here in Cincinnati we often think of where we may spend our  next winter. We are so happy that Marc is with us to talk about luxury real estate in […]

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Price Sells Real Estate

Price Sells Real Estate! If you price your property appropriately for the current market conditions your real estate will sell. NPR ran an article a few days ago that really highlights this point. last year the Miami, FL condo market was nearly dead. To many built and proposed condos, to few buyers, and prices that […]

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Foreclosure Scams – Federal Trade Commission Issues Warnings

In this current economic climate the possibility of losing your home to foreclosure can be terrifying. Currently there are con artists using mortgage rescue schemes to take advantage of home owners in distress. . The Federal Trade Commission warns that many of these  foreclosure assistance firms claim they can help you save your home and […]

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