How the Qualified Residential Mortgage Legislation will impact Cincinnati Real Estate

In the aftermath of the residential mortgage crisis legislation was introduced to encourage and require lending institutions to to change the way they lend on residential properties.  Within the Dodd-Frank Legislation there is a provision that requires banks to keep 5% of the loans they originate so that they share the burden of the risk. […]

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First Time Home Buyer Experience

First time home buyer

First Time Home Buyers I work with a lot of first time home buyers and understand all of the emotions that they experience through the entire process. I see the joy and the frustration both as they navigate through things like contracts, negotiations, addendum and all of the other steps involved in the process. I […]

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New Mortgage Applications are Down to a 13 Year Low

Applications for primary home mortgages are down to level not seen since May 1997. The Mortgage Bankers Association, the trade group for mortgage bankers, is attributing this to the expiration of the federal tax credit and overall slow economic revival. The data points to the week ending May 14. To be completely fair, what the […]

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First Time Home Buyer Tax Credit Impacts Winter Real Estate Market

here has been a lot of talk recently about the impact of the Federal First Time Home Buyer tax credit. The newspapers, the talk shows, the blogs, and the radio dj’s have all been talking about how important it is. I wanted to take the opportunity and make clear, in detail, the benefits to first […]

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Ohio Association of Realtors Features 2009 Home Sales

Cincinnati real estate sold report for 2009

The Ohio Association of  Realtors features the 2009 home sales in their monthly publication. The below graphic shows a state wide look at sales volumes and price changes in specific regions of the state. The good news is that here in the Cincinnati market the annual volume has not changed much year over yer. What […]

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Real Estate Grants For Recent Ohio Graduates

Grant Repayment Scedule

The Ohio Housing Financing Agency is currently offering an additional 2.5% financial assistance grant to Ohio College graduates! This is on top of the $8,000 Federal First Time Home Buyer Tax credit. Recent college graduates (within 18 months), including those earning postgraduate degrees, can receive money for a down payment, funds to cover closing cost, […]

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Case-Shiller Market report and our Cincinnati Real Estate Market

Case Shiller Home Price index July 2009 - Cleveland

Yesterday the Case-Shiller home price index came out, and it had some positive numbers. The C-S index looks at 20 major metropolitan real estate markets and watches the change in home sale prices on a monthly basis. The index provides numbers that are normalized for the home prices in the first quarter of 2000. Because […]

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Selling a Home In Cincinnati: August Report

august 09 sales chart

The Cincinnati Area Board of Realtors recently issued their monthly report. The news is pretty much what we all in the real estate field expected. Prices are still slightly depressed, but home sale volume is slightly better than last year. August 2009 was slightly better than August 2008 in terms of the number of homes […]

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Cincinnati Real Estate: First Time Home Buyer Tax Credit Deadline

The deadline for the First Time Home Buyer tax Credit is quickly approaching. The language of the legislation reads that the homes must be closed by November 30th, and many home buyers are not aware of the time it takes to complete a real estate transaction. On average I have seen transactions take 30-35 days. […]

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Unlocking the Mystery of the Credit Score

Credit is an important factor in having the ability to obtain a mortgage or other loan for a big ticket item. To most people how a “credit score” is determined is a mystery. Most people do not know what their score is unless they apply for a loan or run a report through one of […]

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513-518-1140