| Area | Dec’09 | Nov’09 | Dec’08 |
|---|---|---|---|
| Ohio | 10.9% | 10.6% | 7.4% |
| Ohio not seasonally adjusted | 10.7% | 10.2% | 7.7% |
| U.S. | 10.0% | 10.0% | 7.4% |
| U.S. not seasonally adjusted | 9.7% | 9.4% | 7.1% |
UnemploymentMap by county Dec 09
Market Update- Unenployment Rate by County MAP
Cincinnati MLS Daily Home Sales Report
| New Listings | 143 |
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| Back on Market | 22 |
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| Price Increases | 7 |
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| Price Reductions | 113 |
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| Pendings | 91 |
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| Solds | 48 |
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| Expireds | 30 |
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| Inactives | 21 |
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New Listings: 143
Avg LP: $170,531
Pendings: 91
Avg LP: $127,873
Solds: 48
Avg SP: $168,018
Market Update: OHFA Rates Lower today
Just letting you know that Ohio Housing (OHFA Bond money) lowered their
rate to 5.00% this week. And they still offer a 3% second mortgage for a buyer’s downpayment.
Who is OHFA
The Ohio Housing Finance Agency (OHFA) makes affordable housing opportunities available to low- to moderate-income Ohioans, including first-time homebuyers, renters, senior citizens, and other populations with special needs. Formerly a division of the Ohio Department of Development, OHFA became an independent state agency on July 1, 2005 through Amended Substitute House Bill (HB) 431. Our independent status allows us to institute cost-saving measures and achieve efficiencies to better serve Ohio’s long-term affordable housing needs
For more about OHFA click here
Cincinnati MLS Daily Home Sales Report
| New Listings | 134 |
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| Back on Market | 16 |
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| Price Increases | 8 |
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| Price Reductions | 107 |
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| Pendings | 89 |
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| Solds | 36 |
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| Expireds | 26 |
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| Inactives | 24 |
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New Listings: 136
Avg LP: $212,625
Pendings: 89 (strong number for a weekday in Jan.)
Avg LP: $172,588
Solds: 36
Avg SP: $158,447
Volume is still appearing attractive this week. Ticket Price averages are remaining above the yearly avg of 09.
Cincinnati MLS Daily Home Sales Report
| New Listings | 175 |
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| Back on Market | 11 |
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| Price Increases | 5 |
|
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| Price Reductions | 125 |
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| Pendings | 80 |
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| Solds | 39 |
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| Expireds | 30 |
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| Inactives | 49 |
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New Listings: 175
Avg LP: $216,809
Pendings: 80 – we had 102 yesterday
Avg LP: $194,673 We have seen the averages in this bracket several times over the past 2 weeks. This is a direct sign who and what this markets buyers are seeing and offering on.
Solds: 39
Avg SP: $147,708
![homesalesdec2009[1]_Page_1](http://homefindernetwork.files.wordpress.com/2010/01/homesalesdec20091_page_1.jpg "homesalesdec2009[1]_Page_1")
![homesalesdec2009[1]_Page_2](http://homefindernetwork.files.wordpress.com/2010/01/homesalesdec20091_page_2.jpg "homesalesdec2009[1]_Page_2")
Market Update- Interest Rates
Uncertainty is never a good thing for the financial markets… - Government wanting to tax and limit the size and investment activities of big banks- Representatives wanting to end FNMA and Freddie Mac- Chairman of the Federal Reserve still not confirmed On a typical day the mortgage market would have rallied with such a big stock market sell off, however the 10 year note was unchanged for the day! 30 year fixed rates continue to stay right at or below 5.0% Mortgage market has stayed relatively steady even though stock market has had a rocky beginning to the new year. No matter how you look at the stock market or listen to the negative comments in the news…there has never been a better time to purchase Real Estate! Have a great weekend.
Cincinnati MLS Daily Home Sales Report
| New Listings | 163 |
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| Back on Market | 16 |
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| Price Increases | 4 |
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| Price Reductions | 132 |
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| Pendings | 91 |
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| Solds | 42 |
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| Expireds | 32 |
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| Inactives | 42 |
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New Listings:163
Avg LP: $194,551
Pendings:92
Avg LP: $152,618
Solds:42
Avg SP: $134,022
Further Reasons Why to Buy a home NOW!
Top 5 Reasons Why You Should Buy Now and Not Later….
1. The $8000 or $6500 tax credit available to buyers
2. Rates will rise at some point in the near future…so first 4 months of the year could be the most ideal time to purchase
3. FHA proposing to raise upfront mortgage insurance premiums from 1.75% to 2.25% in the very near future
4. FHA proposing to reduce the amount of seller paid contributions from 6% to 3% (in high cost states this could increase out of pocket to buyers)
5. Potential further credit tightening by FHA
Great time to buy!
Cincinnati MLS Daily Home Sales Report
| New Listings | 137 |
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| Back on Market | 15 |
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| Price Increases | 4 |
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| Price Reductions | 108 |
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| Pendings | 64 |
|
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| Solds | 49 |
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| Expireds | 24 |
|
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| Inactives | 59 |
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New Listings: 137
Avg LP: $181,428
Pendings: 64
Avg LP: $168,416
Solds: 49
Avg SP: $131,716
No stats today seem out of line vs. what we have reported thus far in 2010. Interest Rates are holding firm and we are bracing ourselves for the State wide by county unemployment report next week. We will be certain to report those stats upon release.
