• 2 bath, 2 bdrm townhouse - 
MLS® $71,900
Union Township, Cherry Grove - Large End Unit! Newer HVAC and Carpet,Fresh Paint Throughout. Private Patio w/Privacy Fence and Gate. All Appliance Stay. Master Bedroom w/Large Walk In Closet.Very Clean,Ready For You To Move In. No FHA Financing, Please Call For Options
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• 2 bath, 2 bdrm townhouse - MLS® $72,900
Union Township, Cherry Grove - Large End Unit! Newer HVAC and Carpet,Fresh Paint Throughout. Private Patio w/Privacy Fence and Gate. All Appliance Stay. Master Bedroom w/Large Walk In Closet.Very Clean,Ready For You To Move In. No FHA Financing, Please Call For Options.
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• 2 bath, 2 bdrm townhouse - MLS® $72,900
Union Township, Cherry Grove - Large End Unit! Newer HVAC and Carpet,Fresh Paint Throughout. Private Patio w/Privacy Fence and Gate. All Appliance Stay. Master Bedroom w/Large Walk In Closet.Very Clean,Ready For You To Move In. Seller Offering $500 Closing Cost Allowance.
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• 1,257 sq. ft., 2 bath, 3 bdrm single story - MLS® $116,900 - Move In Ready
Saint Bernard, St. Bernard - Updated Brick Ranch On Corner Lot. Beautiful Hardwood Throughout, New Plumbing, New Electric, Updated Kitchen With Ceramic Flooring, 2 Full Baths (Both Updated), Built In Garage With Opener. First Floor Family Room and Lower Level Rec Room.
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• 2 bath, 3 bdrm 2 story - MLS® $247,500 - Beautiful Home
Mount Lookout, Cincinnati - Great 3 Bedroom Home On A Desirable Street. Beautiful Hardwood Floors Throughout. Equipped Kitchen W/ New Appliances, Wood Burning Fireplace In Living Room, Walk Out From Dining Room to Shaded Deck & Private Back Yard. Half Bath In Lower Level. Owner Is Willing To Consider A Lease Option.
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Slow growth is better than NO growth! The following press release from the National Association of Realtors shows we are going in the right direction. Enjoy the read and remember to BUY BUY BUY.
Existing-home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 2.0 percent to a seasonally adjusted annual rate 1 of 4.99 million units in May from a level of 4.89 million in April, but are 15.9 percent below the 5.93 million-unit pace in May 2007.
NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said buyers are seeing value in the current housing market. “Home buyers are starting to get off the fence and into the market, drawn by drops in home prices in many areas and armed with greater access to affordable mortgages,” he said. “Today’s buyer plans to stay in a home for 10 years, which is a good strategy for building long-term wealth.”
The national median existing-home price2 for all housing types was $208,600 in May, down 6.3 percent from a year ago when the median was $222,700.
Lawrence Yun, NAR chief economist, said there’s still a lot of inventory in the market. “The large supply of homes on the market clearly favors buyers, and it should take several months to draw the inventory down,” he said. “Stabilization in home prices can only occur with buyers returning to the market, so we are encouraged by rising home sales, particularly in distressed markets. Foreclosures and short sales appear to be a larger part of the market, particularly in California, and are creating a drag on current home prices.”
Total housing inventory at the end of May fell 1.4 percent to 4.49 million existing homes available for sale, which represents a 10.8-month supply3 at the current sales pace, down from a 11.2-month supply in April.
Although conditions remain mixed around the country, unpublished snapshot data shows a number of areas are experiencing much higher sales activity than May 2007, including Sacramento, the San Fernando Valley and Monterey County in California; Sarasota, Fla.; and Battle Creek, Mich.
“Keep in mind that the volume of home sales is the primary driver of economic activity that is tied to housing,” Yun said. “It’d be premature to say the improvement marks a turnaround. The market is fragile, so a first-time home buyer tax credit and a permanent raise in loan limits would be important steps to get the housing engine humming.”
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 6.04 percent in May from 5.92 percent in April; the rate was 6.26 percent in May 2007.
Single-family home sales rose 1.6 percent to a seasonally adjusted annual rate of 4.41 million in May from 4.34 million in April, but are 14.5 percent below the 5.16 million-unit pace in May 2007. The median existing single-family home price was $206,700 in May, which is 6.8 percent below a year ago.
Existing condominium and co-op sales increased 5.5 percent to a seasonally adjusted annual rate of 580,000 units in May from 550,000 in April, but are 24.6 percent lower than the 769,000-unit level a year ago. The median existing condo price4 was $223,400 in May, down 2.1 percent from May 2007.
Regionally, existing-home sales in the Midwest rose 5.5 percent in May to a pace of 1.16 million but are 16.5 percent lower than a year ago. The median price in the Midwest was $165,300, which is 0.7 percent below May 2007.
In the Northeast, existing-home sales rose 4.6 percent to an annual rate of 910,000 in May, but are 15.0 percent below May 2007. The median price in the Northeast was $278,000, down 2.4 percent from a year ago.
Existing-home sales in the West increased 2.0 percent to an annual pace of 1.02 million in May, but are 12.8 percent below a year ago. The median price in the West was $286,600, which is 16.0 percent lower than May 2007.
In the South, existing-home sales slipped 0.5 percent to an annual rate of 1.91 million in May, and are 17.0 percent below May 2007. The median price in the South was $175,000, down 4.3 percent from May 2007.
• 2 bath, 3 bdrm 2 story - MLS® $65,000
Fairmount, Cincinnati - Pride In Ownership! Many Updates Throughout. New Kitchen W/ Ceramic Floor and Marble Counter, New Bathrooms, New Roof, Newer High Eff Furnace With Central Air, New Windows And Fresh Paint Thruout. Wide Lot With Great Yard For Entertaining.
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