Once Upon a Time, In a Land Far Away, The Re-Fi Appraisal Wasn’t So Deadly
Written by Jennifer Cox on June 28, 2009
Once upon a time (13 years ago), in a far away land (east side of Cincinnati) lived a beautiful princess (well, I’m “ok” looking, but certainly no princess). The beautiful princess wanted to help nice people live in pretty castles. When it came time for nice people to sell their castle, the princess wanted to make sure her nice clients took home plenty of gold coins as a result of the sale. The princess was a pretty quick learner, and very quickly became a trusted expert in castle buying and selling in the far away land. Then, one day, a terrible darkness fell across the land. Suddenly, the castles were not selling quickly, or for as much coin! Suddenly the nice people were cranky! They didn’t like what the princess would show them! Some sounded distinctly like grumbling dragons when they spoke to her after reviewing numbers and hard evidence that the castle market was slowing dramatically. Many wanted to send her to the dungeon. Others just tossed her off the highest turret. She often landed in the moat and her princess frocks would be soiled. Read more
Request Your Free Copy – Clifton Real Estate Report
Written by Bryan Casteel on June 20, 2009
Free Special Report on Clifton Gas Light Real Estate
Do you want to know what has been happening to real estate in Clifton Gas Light? If so, this is the report for you!
My name is Bryan Casteel and I live in the Clifton area and I am a real estate agent with RE/MAX Unlimited. Along with my Marketing Manager at my real estate team, The RealCincy Group, we just finished analyzing all the sales from the Greater Cincinnati MLS that have occurred in the Clifton Gas Light District since 1993 (almost 17 years of sales!).
We looked at prices trends, days on market, foreclosures and more. Out of this effort, we have produced the Clifton Real Estate Report. Read more
Cincinnati Ahead of National Market in Finding a Bottom
Written by Jennifer Cox on May 27, 2009
Sometimes it is good to be ahead of a bad curve. The good news is the Cincinnati area is ahead of the national averages in returning to historical price ranges (see our earlier post).
We took the S&P/Case Shiller Home price index from 1987 to 2009 and adjusted it for inflation. You will notice that before the bubble, home prices were in a defined historic range. The housing bubble that began around 1999 blew this historic price range away. Read more
Cincinnati Below Pre-Bubble Pricing
Written by Bryan Casteel on May 26, 2009
Click Graph to Enlarge
The historical price range of $163,000 to $171,000 was broken by the housing bubble that started in the late 1990s. The housing bubble peaked in 2005 when the average inflation adjusted price of a single family home was over $205,000. Read more
Cincinnati’s Luxury Home Market- What Happened? Do I Care?
Written by Jennifer Cox on May 19, 2009
Go ahead. Admit it. You like to peek in the windows. It’s why each year Homearama draws a crowd. It’s why Robin Leach hosted Lifestyle’s of the Rich & Famous, prompting MTV to run “Cribs”. It’s why we flip through the internet photos of $1,000,000 plus homes online that we will certainly never occupy. It’s just fun and interesting to view the interior of luxury homes. To dream. To imagine. To steal decorating ideas for our more modest abode. Did you know that your Harvard educated brother –in-law and his physician wife will have a more difficult time obtaining a loan for their $1.5 million dream home, than you will for your lovely Polo Fields or Cherry Blossom move-up home? Tis’ true! Read more
Temporary Housing Solutions for Future Cincinnati Home Buyers
Written by Jennifer Cox on February 3, 2009
I know that coming into a new area can be quite an adventure! We are hoping that by continuing to provide community information, links to local attractions and keeping you up to date on events in the Greater Cincinnati area, that as a “soon-to-be” Cincinnatian, you start to feel comfortable with your future new home. We have talked with a large number of people that are coming to the area with a new job, but need to sell their home “somewhere else” before they are able to buy locally. I thought it might be helpful to let you know that there are some sources for short term living arrangements. Read more
Cincinnati Real Estate Reality Check- 2008 Market Stats and Information
Written by Jennifer Cox on January 27, 2009
I flipped over to the Greater Cincinnati MLS, to check out the new listings. I like to see who was lucky enough to go under contract, and see if any homes that my buyers are interested in have reduced in price. On the home page, I found some great information that I wanted to share with you. If you are one of those guys that likes facts and figures, you might enjoy looking at these stats. Read more
What’s Happening out There? Cincinnati Real Estate Stats 2008
Written by Jennifer Cox on December 31, 2008
You may or may not want to look! Feeling Brave? Ok then. Let’s look at some numbers!
The stats are from the Greater Cincinnati Multiple Listing Service, for Butler, Warren, Hamilton and Clermont counties. Ready ?? Here goes!! Read more
Foreclosure Homes in Cincinnati. Are they a Good Deal?
Written by Jennifer Cox on December 10, 2008
Buyers often tell me that they want to be sure to explore the foreclosure market when we begin our home search. Enthusiastically armed with more fantasy than fact, they are quite sure that there is a bargain to be found because they over heard their co-worker telling the story that their uncle’s, cousin’s oldest child, three states over got a $350,000 home in great shape for only $150,000! Baloney. T.V. commercials are currently running that show beautiful homes in wonderful condition, bank-owned, that can be bought for pennies on the dollar. My advice: Turn the channel. Read more
Keeping an Eye on the Market – Where are We? Where Have We Been? #2
Written by Jennifer Cox on November 30, 2008
We are all keeping our eyes on the real estate market. Whether you are currently in the market as an actively shopping buyer, or considering selling your home, you know the numbers matter. Those of us that are actively involved with assisting customers and clients should clearly be keeping an eye on the numbers! What is interesting about this real estate environment is that anyone with a deed and a mortgage on real property is paying attention to the number like never before.
Let’s keep an eye on the market together. I will update you monthly with stats from the Greater Cincinnati Multiple Listing Service, so that you can see the trends as I do. Read more
