Cincinnati Real Estate Market Stronger than Ohio Average - 07/22/09 12:24 PM
The first five months of 2009 have not been kind to the housing market here in Ohio. The chart above shows the impacts on both the number of units sold and the average price per unit sold compared to the same months 2008. While the economic slowdown has impacted the volume of sales there is one substantial factor that is influencing the average sale price - foreclosures and short sales. The average price includes all properties sold, regardless if it is an owner sale or a bank sale. To emphasize the impact that a foreclosure sale could have, I recently helped … (0 comments)

3641 Erie Ave For Sale in Cincinnati - 07/22/09 12:22 PM
 
This new listing is a beautifully updated home features an open floor plan with additional sun room that is fantastic for entertaining.  The home feature a stunning modern kitchen with silestone counter tops and Stainless Steel appliance.  The newly renovated master bathroom has a double vanity, granite floors and beautiful appointments.
There are hardwood floors and pristine crown molding add sophistication and elegance.  The backyard is large with a sizable deck just off of the kitchen. One car garage space with a driveway for a second off street parking spot, a wood burning fireplace, and just a short walk to restaurants, … (0 comments)

Wells Fargo Sues Itself Over Mortgages - 07/22/09 12:21 PM
The real estate turbulence has caused a record number of foreclosures, and that has led to an overwhelming work load on banks. When they take possession of the foreclosed property they must clear the title by working with other creditors to eliminate the liens which could include mechanics, municipal government (property tax), and other banks (home equity loans).
According to Fox Business Wells Fargo recently foreclosed on a Sarasota, FL condo and filed suit to clear a second mortgage lien off of the property’s title. The second lean holder was Wells Fargo. They sued themselves. “The primary reason is to clear … (0 comments)

255 Hastings Cincinnati Ohio - New Listing - 07/22/09 12:20 PM
225 Hastings is a beautiful 3-story end unit town house on culdesac.  It is walking distance from the many shops restaurants in Clifton. The owners enjoy 2 decks that offer fabulous city & river views. This home features large bedrooms, hardwood floors, Pella windows,  a fire place and a 2-car garage. The  master suite has walk-in closet & modern updated bath fixtures. 225 Hastings is located in Clifton. From the University of Cincinnati travel south on Vine Street and turn right headed West on Hastings. The Townhouse is at the end of the block.
If you have questions please call me … (0 comments)

Previous refis increase sellers’ tax obligations - 07/22/09 12:16 PM
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This article by Bernice Ross from Inman News highlights important information if you are considering a short sale. I did not condense it because the original content is excellent. This article pertains to real estate in Cincinnati and around the country.
DEAR BERNICE: We are upside down and are thinking about selling our home using a short sale. Our agent said that because we had refinanced our property twice, that we could have a problem with “phantom income.” She advised us to talk to our accountant. What does refinancing have to do with this and what … (0 comments)

In Cincinnati May Home Sales Continue 2009 Climb, Off 14.6% for the Yea - 07/22/09 12:15 PM
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CABR released the following press release about May Home Sales in Cincinnati. Home sales locally continued their upward climb last month, as Realtors sold 1,658 units. That’s a 19.8% improvement over April’s sales activity. The average sale price in May was $155,896, a 12.9% improvement over April.

Statewide, the Cincinnati region posted the second highest average selling price last month. Columbus was highest at $168,576. Dayton was at $125,236; Cleveland/Akron $118,016, and Toledo
$104,146.
In comparing month-over-month, May sales were down 13.7% from a year ago. For the first five months, sales were off 14.6% … (0 comments)

New Rules on Home Appraisals End up Thwarting Many Sales - 07/22/09 12:13 PM
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CNBC ran this story about appraisals this week.
I hate to say I told you so, but on May 1st and again on June 1st, I told you about the potential negative ramifications of the Home Valuation Code of Conduct. Today the Realtors confirmed what I had been hearing all across the mortgage industry.
“In the past month, we have suddenly been bombarded with many stories of, at the last moment, transactions falling apart because appraisals are coming in unrealistically low,” said National Association of Realtors Chief Economist Lawrence Yun. “As a result … (0 comments)

Making Home Affordable Program - 07/22/09 12:09 PM
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Cincinnati homeowners and homeowners around the U.S. need to be aware of the following information if they are looking to refinance and are having difficulty getting approved. There are options for refinance and loan modifications mandated by the federal government.
The Making Home Affordable Program was created to assist homeowners whose home values have declined to the point where they may no longer have equity in their homes. So the homeowners have not be able to refinance their homes and take advantage of lower interest rates. In addition, many of these homeowners are also locked in … (0 comments)

 
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Alison Moss - Cincinnati Real Estate

Cincinnati, OH

More about me…

Keller Williams Advisors

Address: 3505 Columbia Parkway, Suite 125, Cincinnati , OH, 45226

Office Phone: (513) 518-1140 x 1

Cell Phone: (513) 518-1140

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