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 13 blog entries about Market and News.

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

318 Views, 2 Comments

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

610 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

439 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

3,931 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

923 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

1,192 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 -

822 Views, 2 Comments

7 Must-Have Real Estate Tools & Apps 2016

real estate tools, real estate appsReal estate technology keeps gaining ground and with so many apps and tools screaming for your business how do you choose which ones to utilize?

Obviously, trying to do it all would be counter productive. Choosing tools that are comfortable for you to use, save you time, create a better quality service to offer your clients, buying or selling, is what it should be all about.

There are also a lot of tools and apps recently developed or in the works as companies move to capitalize on real agent spending.

Ask yourself; "Does it help buyers and sellers?"

So, what's worth it? Reviewing dozens of tools, I boiled it down to these must-haves.

1. An Online-Presence. You don't have to have a huge audience

5,531 Views, 1 Comment

$10,000 Prize for Taxpayer Experience Overhaul?

taxpayer design contest, taxpayer system design contestTaxpayers and mortgage borrowers have something in common - If they are home owners, they are the same.

In a ground-breaking move, the IRS is launching its first crowdsourced challenge with a $10,000 prize to who can dream up the best idea to "reimagine the taxpayer experience of the future." and asking the public for help.

A bold move, guess who's putting up the prize money?

The Mortgage Banker Association.

"For the MBA, it hopes that its involvement in the crowdsourcing challenge results in an improved experience for the taxpayer, which, in turn, would help to improve the consumer experience for lending, according to Rick Hill, the MBA’s vice president of industry technology." states Ben

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Greg's Picks,15 Real Estate Blog Articles, March 2016

real estate blog, real estate blog 2016For the month of March 2016 here's my top picks for 5 articles for buyers and 5 articles for sellers and 5 home improvement or interior design articles.

Tough choices, there are many good real estate industry related authors around the internet.

Have real estate content you'd like to share? Connect with me on Google PlusTwitter and LinkedIn.

Why these articles?

I picked these articles not for the number of likes, shares, endorsements or social media popularity, but for the value these articles hold for buyers, sellers and homeowners.

Learning is always a good thing - buying, selling or a homeowner you can save money and time, protect your investment and improve the quality of your

7,463 Views, 1 Comment