Case-Shiller: Home Price Index – May 2010
Posted by Kathy Landstra in Home Sellers, Real Estate Data on July 27, 2010
 |
The monthly Standard & Poor Case-Shiller Home Price Report was released today (July 27th) for May 2010. After two months of declines in February and March, we are now on a new rising trend for April and May. It sure seems that we have created a basis for grwoth from here. You can find more information about the most recent Standard & Poor’s Case-Shiller report at these links: |
Buy a New Home in a Weekend
Posted by Kathy Landstra in Home Buyers, Real Estate on July 26, 2010
|
Very few people are in THAT big of a hurry to make their new home decision and get the purchase completed, but this article offers some great reminders about the tasks and processes involved in home buying. Written by a REALTOR in San Antonio, Texas, this article offers ten useful reminders of all the home buying tasks that you should remember when you are ready to purchase a new home. |
Quickie Home Buying List
Visit New San Antonio Homes for the complete article. |
Best Only Tools for Buying a Home
Posted by Kathy Landstra in Home Buyers, Real Estate on July 24, 2010
|
Visit msnbc.com for breaking news, world news, and news about the economy |
NBC’s today show had a really nice segement on Internet-based Home Buying tools today. In general the discussion was very upbeat and “cautiously optimistic” about the near term outlook for residential real estate. Among other things, websites for mortgages, foreclosures, maps/satellite images, and school information. You can link to the Today Show’s video library and see additional real estate and home buying videos from NBC. |
Hotest U.S. Locations
Posted by Kathy Landstra in Real Estate on July 22, 2010
|
As we head toward the 90-degree point again, it’s interesting to look at CNNMoney.com’s “Hotest Places to Live” list. This list, which compares the U.S. cities with the hotest average temperature in July, inspires the proverbial, “You think you got it bad…” feeling. The hotest places article lists a full twenty-five cities, but since the first tweleve are all north of 105 degrees and in Arizona, I think you get the point. Arizona is HOT! I believe Goodyear, AZ is the Cincinnati Reds new spring training home. |
|
Open House – Sunday, July 11
Posted by Kathy Landstra in Cincinnati Real Estate, Home Buyers on July 9, 2010
|
Listed by: Kathy Landstra |
Symmes Township, OhioSunday, July 11, 2010 Special Open House at the Royal Pointe Condominiums in Symmes Township. Debbie Pennington, Sibcy Cline Realtor, and I will be holding open side-by-side condos. Photos of each are on the left. Please come and visit with us:
For more information, click the links above or mouse over the pictures and ‘Click’. We hope to see you on Sunday! |
|||
|
Listed by: Debbie Pennington |
||||
|
Listed by: Kathy Landstra |
Indian Hill, OhioSunday, July 11, 2010 Immediately following the Royale Point Open House I will head to Indian Hill and host the Open House on Calderwood Lane.
|
|||
|
|
Monthly Homes Sold Report – June 2010
Posted by Kathy Landstra in General Info on July 8, 2010
|
While the number of homes sold in June was below the good totals in April and May, the total Market Value of Homes Sold in June was the highest since July 2008. The Northeast Cincinnati Analysis for June 2010 shows a 9% decrease in the number of homes sold over June 2009. Homes Sold in June 2010 was 105 and in June 2009 the number was 115. The decrease from May 2010, was exactly 13%, as 121 homes were sold in Northeast Cincinnati during a big May 2010. The total dollar volume also increased substantially. June 2010 total dollar volume as $47.52 million. June 2009 was $43.93 million. This shows an increase of 8% in total dollar volume since last year. Total dollar volume in May 2010 was $38.37 million. |
Homearama returns in 2011
Posted by Kathy Landstra in Cincinnati Real Estate, Home Buyers on July 8, 2010
|
|
Six builders have signed up to show homes in the Home Builders Association of Greater Cincinnati’s Homearama 2011. After taking a short break from the annual event, the Builders Assoication will again host the event next year, June 11 to 26. Builders that have already signed on include: Artisan Estate Homes, Daniels Homes, Greystone Homes, Hensley Custom Building Group, Jack H. Wieland Builders and Zaring Premier Homes. The location for next year’s event will be Foxborough in West Chester. The Cincinnati Enquirer recently ran a Homearama article, and there is more Homearama Informaiton available from the www.cincybuilders.com site. |
Sibcy Cline offers iPhone App
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate on July 2, 2010
|
Sibcy Cline has released its iPhone app. You can use the app to search for property in Greater Cincinnati, Dayton, Northern Kentucky and Southeast Indiana. If you would like additional information or would like to download the app please follow this Sibcy Cline iPhone App link. Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.0 or later. |
|
Pending Home Sales Slump
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on July 1, 2010
|
The National Assoication of REALTORS® (“NAR”) released the Pending Home Sales Index (“PHSI”) for the month of May on Thursday, July 1st. The index took an expected hard drop when compared to the tax-incentive hyped months of March and April. The PHSI was down 30% over a very strong April and the index was down approximately 15% from last year (May 2009). According to the NAR Press Release: NAR chief economist Lawrence Yun said, “Consumers are rational and they rushed to meet the tax credit eligibility deadline in April. The sharp decline in contract signings in May is a natural result with similar low levels of sales activity anticipated in June.” You can find more news information about the April PHSI at these links: |
Cincinnati – Forbes Most Affordable Cities
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on June 29, 2010
|
Photo courtesy lauren keith via Flickr |
Forbes Magazine released their list of the Most Affordable Cities in the United States. Cincinnati made the list as the Number 10 Most Affordable City to Buy a Home. Regional sister cities Dayton (#9), Louisville (#4), and Indianapolis (#2) were all behind the Number One Most Affordable, Pittsburgh, Pennsylvania. Overall, it was a very strong showing for the midwest. Cincinnati’s ranking specifics included:
If you would like additional information, the Most Affordabile Cities article is at the Forbes site, and the List of Most Affordable Cities in slide show format is also on the Forbes site. |
Open House – Sunday, June 27
Posted by Kathy Landstra in Cincinnati Real Estate, Home Buyers on June 26, 2010
|
Listed by: Kathy Landstra |
Open HouseSunday, June 27, 2010 I will be holding two homes open on Sunday. The schedule will be as follows:
For more information, click the links above or mouse over the pictures and ‘Click’. I hope to see you on Sunday!
|
||||
|
Listed by: Frank Kuhn & Kathy Landstra |
YouTube – Indian Hill Real Estate
Posted by Kathy Landstra in Cincinnati Real Estate, Home Buyers on June 26, 2010
|
7775 Calderwood Lane Indian Hill, Ohio 45243 Click Indian Hill – Calderwood Lane for more information. |
Cincinnati Home Sales Up in May
Posted by Kathy Landstra in Cincinnati Real Estate, Real Estate Data on June 26, 2010
 |
The Cincinnati Area Board of Realtors® released their analysis of recent market activity. According to their information local home sales (closings) were up 25.43% in May when compared to May 2009. The press release offers interesting data for the past three months:
Follow this link for the Cincinati Home Sales Press Release (PDF format). |
New Home Sales Drop
Posted by Kathy Landstra in Real Estate Data on June 24, 2010
|
Good Morning America offers a “What You Should Know” primer. New home sales dropped almost 33 percent in May, according to a report from the Commerce Department. Mellody Hobson, “Good Morning America’s” personal finance contributor and president of Ariel Investments, appeared on the show this morning to talk about what the dive in home sales means for buyers and sellers. For a look at the Question & Answer with Mellody, link directly to the story by following this link to the Good Morning America website. |
Assessed Value vs Market Value
Posted by Kathy Landstra in Home Buyers, Home Sellers, Real Estate on June 24, 2010
|
Courtesy Billie Hara via Flickr |
In some cases there is much discussion, hand-wringing and consternation about the Assessed Value vs. Fair Market Value of a home during the selling/buying process. It’s interesting that sellers would want a low assessed value while living in the house (lower tax bills) but then would appreciate a higher assessed value when listing their home with me. Knowledgeable Real Estate Agents will always try to coach buyers and sellers to understand that the correlation between Assessed Value and Fair Market Value is very loose – at best. To help explain and offer further insight, you may find this article about Assessed Value vs Fair Market Value from a REALTOR in Massachesetts interesting. |
What is a Home Warranty?
A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at the start of the contract.
What is a Short Sale?
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure.
