Market and News

Mortgage industry, real estate market trends, local and national real estate interests, we see things differently here regarding the Cincinnati, southwest and southern Ohio real estate market and across the U.S. Buying a home  or selling a home in Southwest Ohio or the Cincinnati area? Take a moment and check out our great reviews! See Hot Communities and listings or use our easy property search.

Found 15 blog entries about Market and News.

Equifax Hack Could Affect Monroe Mortgage Applicants

When news of the Equifax hack first broke, the credit ratings giant scrambled to minimize fallout from this massive personal information breach. After an initial embarrassing misstep (they tried to have affected consumers sign off on Equifax’s liability), the company moved to ameliorate the hack by offering free ID protection to consumers.

equifax hacked

Monroe homeowners and potential home buyers had reason to do more than shake their heads at yet another electronic pratfall. In one way or another, most Monroe real estate transactions involve creditworthiness appraisals that are managed by the three credit reporting agencies (Equifax is one). That means that among the 143 million consumers it admits could

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Hurricane News Overshadows All but One Bright Spot 

Last weekend’s regular Ohio news should have been promoting all the usual upbeat feature stories about the onset of football season, the start of a brand new school year, the finals of tennis’ last grand slam tournament and the like—but Mason readers would have gotten eye strain trying to find any of them. Instead, the dark clouds brought by Hurricanes Irma and Harvey cast dense shadows across the region and the nation’s news. It was certain, too, that even after the terror of their actual passages had subsided, the fallout would continue to reverberate—expensively—for a very long time.

 hurricane news

What was covered was how the prayers of millions not directly affected were being answered by many thousands

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Events that Trigger Buyers for Homes for Sale in Cincinnati

What are the most common changes in circumstances that send buyers out looking for homes for sale? What are the events that trigger typical prospects to comb through the Cincinnati listings, contact Cincinnati REALTORS®, set out on house tours—and ultimately make the offer that results in the move to a new home?

homes for sale cincinnati oh

The answer to that question may be different for everyone, but some in-depth research has come up with interesting similarities among groups of active homebuyers. It matches a conclusion that also conforms with common sense: namely, that the motivating events (or “triggers”) sometimes vary by age group. In other words, when we humans reach similar milestones in life, we often

1,819 Views, 2 Comments

Week of Mortgage Rate Speculation Ends on High Note

Last week there was another interest rate development—though it was a slightly whipsawed kind of development. Since mortgage interest rates are so important to the bottom line in all but all-cash Mason residential home sales, the direction rates are headed is something worth watching closely.

mason ohio mortgage rates

Last Wednesday was one of those days that come about twice a year. It was the occasion when the Federal Reserve Chairman is called upon to testify before Congress. The date is set as a biannual marker for revealing what’s likely to lie ahead for interest rates. If the Fed is going to decide to raise the Fed Funds rate, it’s usually the single strongest pointer to higher mortgage interest rates. All things

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Mason, Ohio Home Loan Applicants May See Credit Boost

For a few Mason mortgage applicants, next week may see a one-time favorable change in how they are viewed by home loan lending institutions. It’s a technical change that could amount to a significant difference in the results they get when they apply for Mason home loans.

mason ohio homes credit score boost

 See all current Mason, Ohio homes for sale

The first evidence of what the Washington Post calls “a surprise boost” will be triggered on Saturday, which marks the July 1 beginning of a changeover in the information gathered by the three national credit bureaus. Equifax, Experian, and TransUnion have been working with a number of states to handle an awkward technical problem: many states have outmoded computer reporting

1,777 Views, 1 Comment

What if my House Doesn't Appraise?

Hello, been a while since I've posted anything, but a situation came up where the common question "what if my house doesn't appraise high enough?" came up for both the seller and the buyer.

Dang it - the real estate appraisal was shy of where all parties needed it to be to move forward with purchase and sale. What can be done about it?

what if my house doesn't appraise

Now, my business partner, Marty Snyder, the top Ohio Realtor in our area is marvelous at challenging appraisals. He runs proper comps and his fastidious but friendly nature and appraisal challenge strategy usually wins appraisers over. Nearly 100% successful, this instance was not. As it turns out, the situation was one we've come across for the very first time.

Here's a

1,456 Views, 2 Comments

The Frank-Dodd Act – Mortgage Lending Today

In 2010, a horrifying year for the economy and real estate market President Obama implemented the Frank-Dodd act. An action brought on to combat and end predatory lending like negative-amortization mortgages, sub-prime loans and giving loans to buyers that weren’t fiscally fit for the size of mortgages issues.

It was a terrible time back then, in the beginning unknowing consumers who were perhaps not the best money managers were ecstatic to be given a loan for a home, only to lose it later to foreclosure over cash flow issues, job cut backs and a geriatric economy. This in turn only further damaged people’s credit.

frank dodd act how hard is it to get a mortgage

In the end, nearly 8 million U.S homes fell into foreclosure, home builders saw their

4,582 Views, 2 Comments

Proposed Save Act to Reduce Mortgage Defaults

Many first time buyers including the millennial crowd show increasing concern about energy conservation and environmental impact and matched by their desire to save financially.

With over 100 million homes in the U.S accounting for a fifth of our nation’s energy consumption, they are also responsible for almost 25 percent of our country’s greenhouse gas emissions.

the save act

A growing trend with no sign of slowing, energy efficient smart homes reduce utility costs while buffering homeowners against rising energy costs.

Similarities to “Know Before You Owe”.

In fact, a joint study by IMT, Core Logic and University of North Carolina showed that energy-efficient homeowners were 32 percent less likely to

1,049 Views, 0 Comments

Real Estate Trends: Move-in-Condition

real estate trends, move in conditionLook around the internet at big profile real estate authority sites at trends and you'll soon discover that millennials desire move-in-condition properties.

A primary concern of younger buyers, which we're seeing a lot more of, is that properties are either new, renovated and updated and in move-in condition.

Older home sales, as-is property sales are likely to trend downward over 2016 while affordable homes ready for occupants are likely to sell much faster.

A few factors account for this. Many millennial buyers are carrying encumbering student loan debt and have extraordinarily busy lives as most young professional do. They are likely to not want to spend the time or the money to invest in fixing up a

1,439 Views, 1 Comment

Protecting Your Home From Flood Damage

flood preparation, protecting your home from flood damageThe spring season is often a time when many Americans face the possibility of flooding as a result of spring storms and melting snow.

As some of you well-know, here in Ohio we can incur quite the ongoing deluge, particularly hard in areas Cincinnati and Clermont and Hamilton County, not to mention the torrents of rain that has befallen states like Texas and Missouri among others lately.

Swelling rivers, and excess rain have the potential to create unsafe conditions for your home and on the roadways, so although the weather is warming up and spirits are on the rise, it’s important to be prepared. 

Here are a few tips to keep yourself, your family, and your home safe during flood season.

Easy Tips -

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