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

OHFA's MissionThe 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

http://www.ohiohome.org/programs.aspx

Cincinnati MLS Daily Home Sales Report

New Listings 134  
Back on Market 16  
Price Increases 8  
Price Reductions 107  
Pendings 89  
Solds 36  
Expireds 26  
Inactives 24  

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.

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