West Chester Community Info Archives

The Olde West Chester Christmas Walk is this weekend. Events and activities are held on both Friday, November 13th and Saturday, November 14th. The Christmas Tree lighting is on Friday at 7:00pm at the West Chester Township office and the annual parade is on Saturday evening beginning at 7:00pm

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West Chester, OH Real Estate: Home Buyer Tax Credit May Be Extended

October 12, 2009 by Eric Lowry Leave a Comment

There has been a push in the House to get the First Time Home Buyer Tax Credit extended, as well as expanded. Last week the House passed a bill extending the $8,000 tax credit into next year for military, diplomatic and intelligence workers who have been working overseas. This bill’s passage leaves many hopeful that an extension for regular first time home buyers will pass as well. Much of the increase of real estate sales has been attributed to the First Time Home Buyer Tax Credit.

There is a strong sentiment to extend the First Time Home Buyer Tax Credit because the real estate market is not seen as completely stable yet. The hope is that if the tax credit is extended then real estate sales will continue to improve. If the credit gets opened up to include all home buyers, as some would hope, then real estate sales volume is expected to pick up quite a bit.

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Ohio?

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West Chester, Ohio Real Estate News: Going Green May Help Sell Your Home

July 11, 2009 by Eric Lowry Leave a Comment

Going Green May Help Sell Your Home

It’s becoming the buzz word in housing — “green” homes are what many buyers are interested in these days. According to the National Association of Home Builders (NAHB), as much as 90 percent of home buyers think that energy efficiency is a very important factor when shopping for a home. These same buyers are also very interested in environment-friendly features including having housing close to parks, public transportation, and well-designed neighborhoods with sidewalks.

The National Association of Home Builders Remodelers (NAHBR) — a council of NAHB — says that most homeowners choose green remodeling projects to help conserve energy. NAHBR recommends the following top ways to increase energy efficiency.

Install appropriate insulation in area to be remodeled.
Install high-efficiency windows instead of those that minimally meet the energy code.
Seal all exterior penetrations in areas being remodeled.
Purchase only Energy Star®-rated appliances.
Install only low-flow water fixtures.
Upgrade to at least an Energy Star®-rated water heater, or better yet, a tankless water heater.
Purchase the highest efficiency HVAC system you can afford and make sure it is correctly sized for the area you want to condition. But going green can seem like a huge challenge…

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West Chester OH Real Estate Outlook 2009

February 5, 2009 by Eric Lowry Leave a Comment

Real Estate Outlook: What’s in Store for 2009?

What will the new year bring for housing and real estate? It’s easy to look at all the negative economic news in the headlines and say – there’s no sign that 2009 is going to be any better than 2008.

But here’s a different perspective to consider from one of the country’s veteran financial analysts — Richard Bove of Ladenburg Thalmann, an investment banking company.

In a research report issued late in December, Bove said he sees a positive dynamic taking shape in the current cycle. The government has intervened aggressively in the markets to push interest rates down — most notably in the home mortgage sector.

Though it takes awhile for low-cost money to begin having its effect, Bove said he expects “housing prices to stabilize and/or rise (in 2009) after a likely boom in mortgage refinancings as rates fall and loan applications increase.”

Add in the expected massive economic stimulus package being put together on Capitol Hill with the incoming Obama administration — and there’s a good chance we’re going to see a gradual transformation of the downward cycle into a slow rebound over the coming several quarters.

Already there are positive signs of the turnaround Bove predicts…

Read the entire article in my monthly real estate newsletter for residents of West Chester, Liberty Township and Beckett Ridge.

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If you think now is the time to begin your search for a new home, start by checking out my Feature homes for sale and then search the MLS, all on my website: www.LowryTeam.com

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