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Ohio Real Estate: Tax Credit Deadline Extension

June 17, 2010 by Eric Lowry Leave a Comment

The Congress is close to passing a law to give home buyers who were under contract on a home purchased by April 30 an additional three months to close on the home and still be able to claim the federal home buyer tax credit.  The new deadline is going to be September 30th, 2010.

This will not extend the deadline for home buyers to qualify for the tax credit.  To qualify for the credit you had to have purchased and had a fully executed contract by April 30th, 2010.

The reasoning given for the extension was that many home buyers were not going to be able to close on their new homes in time for the June 30th deadline due to a backlog of loan applications that lenders were trying to handle.

The real issue here though, are the short sales.  Many of these sales were not going to able to be closed in time due to the long delays that occur in trying to complete a short, thus there was going to be a large number of  “fall-thru’s” (sales which do not close) and all of these properties were going to be coming back onto the market with a large number of them headed for foreclosure.

Looking for deals on short sales and foreclosures in West Chester & Liberty Township?  

Click Here To Search The Entire Cincinnati MLS Database Of Homes For Sale!

 Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Avoiding Foreclosure, Buyers, Eric Lowry's Articles, Financing, First-time Homebuyer, Real Estate Information, Real Estate News, Short Sale / Foreclosure, Tax Credit Tagged With: Beckett Ridge Realtor, Buying Short Sales, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Foreclosures, Housing Tax Credit, Housing Tax Credit extension, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Market Value Of My Home, Ohio, West Chester Real Estate

West Chester & Liberty Township OH Real Estate: Tuesday Open House – June 15, 2010

June 15, 2010 by Eric Lowry Leave a Comment

It’s Tuesday, so this must be the Tuesday Open House.

What is Tuesday Open House?? Well, it’s clearly not an “open house”. Open Houses don’t sell homes… good internet marketing does… but it seemed like a good title for this weekly blog post.

It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas. It is not intended to be all about homes for sale, but it will be about that some of the time…

The Union Centre Bash:  There have been a number of questions recently regarding the Union Centre Bash and when it was, etc.  So after a little research I found that it is no longer called the Union Centre Bash, but is now known as the Union Centre Boulevard Blast.  It is scheduled to be August 13 -15, 2010.  According to an article in the Journal News that I found online the “Blast” will be more of a regional draw, employing some best practices from similar showcases across the country.  The direction of The Blast will be directed at families, adults, teens and children with multiple activities happening at the same time, “sort of like what you’d see at a state fair.  You can reach the entire article online here >>Union Centre Boulevard Blast

 

New Listing: 5466 Sugar Maple Run, Liberty Township, Ohio.  Check out this new listing in Falling Water subdivision in Liberty Township, Ohio.  This is a terrific two story home located on a private,  wooded lot and features a finished, walkout lower level, island kitchen w/ adjoining morning room & hardwood floors and much, much more! 

 

 

Searching for foreclosures or short sales?  Get a list of all of the foreclosed (bank owned) homes and short sale homes listed for sale in our area for free.  Don’t pay for a list of foreclosures, short sales or distressed properties and don’t pay a subscription fee to any website for one either.  These are homes that are listed for sale and you can have the information on these homes for sale, for free and without any obligation by just clicking here 

 

2010 Home Sales in West Chester & Liberty Township, Ohio:  The tax credit is over and now is when we find out if the homebuyer tax credits for both the First Time HomeBuyer and the move up homebuyer have had an impact on home sales overall.  The key thing to watch moving forward is the unit sales numbers each month for West Chester & Liberty Township compared to last year.  As can be seen on the graph, the last couple of months have seen home sales above last years totals.  The real indicator of the housing market’s recovery will be what happens moving forward with home sales.  Clearly the homes sales in West Chester & Liberty Township Ohio picked up when the tax credits were in effect, but what remains to be seen is; Will the home sales in the next few coming months remain at or above last year’s numbers so that the total sales numbers for the year remain above last year?  If the sales remain stable and we can stay at or above last years sales numbers, then we would have to judge the tax credits to be a success in stablizing the housing market.  If the sales numbers in the few months are not able to be sustained and in fact fall to levels below last year, then all we will have accomplished will be to move sales up into the early months of the year from the later months (July, August, September) and we will not have really improved the West Chester & Liberty Township housing market in the long term.  What you can see on the graph is a steady increase in the home sales from January through May of this year in a much more dramatic peak than in the last two years indicating that there clearly was an impact from the homebuyer tax credit incentives.  We will continue to monitor the home sales numbers and we will see where we go from here.   >>You can read my 2010 1st Quarter Real Estate Market Report here

 

Our Facebook fan page of the week is: West Chester Farmer’s Market  You can find information on the Farmers Market, the products that are available there through the summer and more.  As of this writing their page has 129 fans, so I ask that you check out their fan page, become a fan and invite your Facebook friends to do the same.

 

While you are on Facebook checking out the West Chester Farmer’s Market fan page, please visit and become a fan of our facebook page:

 

 Click Here To Search The Entire Cincinnati MLS Database Of Homes For Sale!

 Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Beckett Ridge Homes For Sale, Buyers, Eric Lowry's Articles, First-time Homebuyer, Just For Fun, Liberty Township Ohio Homes For Sale, Market Update, New Listings, Real Estate Market Statistics, Short Sale / Foreclosure, Tax Credit, Tuesday Open House, West Chester Ohio Homes For Sale Tagged With: Buying Foreclosures, Buying Short Sales, Eric Lowry, Eric's Hassle Free Listing, Falling Water Subdivision, First Time homebuyers, Housing Market, Keller Williams Realty, List of foreclosures, LowryTeam.com, New Listing, Real Estate Market Reports, Tuesday Open House, Union Centre Blvd Bash, Union Centre Blvd Blast, West Chester Housing Statistics, West Chester Ohio Short Sales

West Chester & Liberty Township OH Homes For Sale: New Listing in Falling Water Subdivision

June 14, 2010 by Eric Lowry Leave a Comment

New Listing on LowryTeam.com!

 

5466 Sugar Maple Run, Liberty Township, Ohio 45011

Liberty Township, Ohio 45011

Falling Water Subdivision

Lakota Schools

$269,900 – Four Bedrooms – Three Full Baths, One Half Bath

This Is A Terrific Two Story Home In Falling Water Subdivision:

  • Like New, Move In Condition
  • Private, Wooded Lot 
  • Island Kitchen w/ 42″ Cherry Cabinets & Hardwood Floors
  • Bright, Open Morning Room w/ Cathedral Ceiling
  • Warm, Inviting Family Room w/ Gas Fireplace
  • Spacious Master w/ Adjoining Luxury Bath & Walk-In Closet
  • Finished, Walkout Lower Level w/ Rec Room, Study & Full Bath
  • Formal Living & Dining Rooms Feature Hardwood Floors
  • 9′ Ceilings On First Floor, Security System
  • Large Deck Overlooks Wooded Rear Yard
  • Dual HVAC Systems

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

Search the entire MLS here! Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Buyers, Eric Lowry's Articles, Liberty Township Ohio Homes For Sale, New Listings, Real Estate Information, West Chester Ohio Homes For Sale Tagged With: Beckett Ridge Realtor, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Falling Water Subdivision, Home Values, Keller Williams Realty, Liberty Township Ohio Homes For Sale, Liberty Township Real Estate, LowryTeam.com, New Listings, Ohio, Property Values, Relocating To West Chester, Search Homes For Sale, Search The MLS, Top Real Estate Agent, West Chester Homes For Sale

West Chester & Liberty Township OH Real Estate: This Month In Real Estate – June 2010

June 13, 2010 by Eric Lowry Leave a Comment

This Month In Real Estate – June 2010, Courtesy of LowryTeam.com and Keller Williams Realty Associate Partners

 

Click Here To Search The Entire Cincinnati MLS Database Of Homes For Sale! Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Buyers, Eric Lowry's Articles, Financing, Market Update, Real Estate Information, Real Estate News, Short Sale / Foreclosure, This Month In Real Estate Tagged With: Beckett Ridge, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Homes For Sale, Housing Market, Keller Williams Realty, Liberty Township Ohio Short Sale, Liberty Township Real Estate, LowryTeam.com, Ohio, Real Estate News, This Month In Real Estate, West Chester Ohio Real Estate, West Chester Ohio Short Sales

West Chester & Liberty Twp OH Real Estate: Tuesday Open House

June 8, 2010 by Eric Lowry Leave a Comment

It’s Tuesday, so this must be the Tuesday Open House.

What is Tuesday Open House?? Well, it’s clearly not an “open house”. Open Houses don’t sell homes… good internet marketing does… but it seemed like a good title for this weekly blog post.

It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas. It is not intended to be all about homes for sale, but it will be about that some of the time…

 

Mortgage Interest Rates:  The tax credits are gone and if you are looking for a reason to buy a home, look no further.  Thirty year fixed rate mortgages are 4.60% today according to Third Federal Savings.  This is amazing.  Just look at this example of what these low rates really mean:

$200,000 mortgage amount @ 5.50%  =  $1135.58 monthly principal & interest payment

$200,000 mortgage amount @ 4.60%  =  $1025.29 monthly principal & interest payment

This example shows a monthly savings of $110 on your mortgage payment and this is compared to a mortgage interest rate of 5.50% which is a historically low rate itself!

 

 

Has the real estate market stablized? Get your personal real estate market update and monitor home values in your neighborhood.  You’ll see homes for sale in your neighborhood right now, you’ll see detailed information on homes that have sold and best of all this personal market update will be delivered completely free and directly into your inbox with no obligation.  Get your real estate market update right now at www.HomeValuesInCincy.com

 

Our facebook fan page of the week is: The Square at Union Centre  You can find information on the Farmers Market, the free concerts that are there on Thursdays through the summer and more.  As of this writing their page has 88 fans, so I ask that you check out their fan page, become a fan and invite your facebook friends to do the same.

While you are on facebook checking out the The Square at Union Centre fan page, please visit and become a fan of our facebook page:

Search the entire MLS here! Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Eric Lowry's Articles, Financing, Just For Fun, Liberty Township Ohio Homes For Sale, Real Estate Information, Real Estate News, Restaurants & Dining, Tuesday Open House Tagged With: Beckett Ridge, Beckett Ridge Homes For Sale, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Facebook Fan page, Home Values, Home values in cincy, Homes For Sale, Interest Rates, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Mortgages, Ohio, Real Estate Market Statistics, Search The MLS, Tuesday Open House, West Chester Real Estate

West Chester & Liberty Township OH Real Estate: Homearama comes to West Chester

June 7, 2010 by Eric Lowry Leave a Comment

Foxborough subdivision in West Chester has been chosen to host the  2011 Homearama site.

The Home Builders Association of Greater Cincinnati said Monday it has picked Foxborough subdivision, in West Chester, for its 2011 Homearama show.

The home show is scheduled for June 11-26, 2011, in the Glenview Farm Estates section of Foxborough, which is being developed by the Drees Co. and Cobblestone Development, according to a news release.

Home prices will range from $525,000 to $850,000, compared to the $1 million-plus price tags on Homearama show homes during the height of the real estate boom.

According to various news reports today the luxury home show will be built in the Glenview Farms section of Foxborough which is located on the backside of Foxborough and is located just off of Hamilton Mason Road.  It is the newest section of the subdivision.

The 2011 Homearama will mark the resumption of the luxury home show after being cancelled this year due to the difficult housing market and tight lending restrictions.

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

Search the entire MLS database of homes for sale here!

 Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Beckett Ridge Homes For Sale, Buyers, Eric Lowry's Articles, Liberty Township Ohio Homes For Sale, Real Estate Information, Real Estate News, West Chester Community Info, West Chester Ohio Homes For Sale Tagged With: Beckett Ridge, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Foxborough subdivision, Glenview Farms Estates, Home Builders Association, Homearama, Keller Williams Realty, Liberty Township Homes For Sale, Liberty Township Real Estate, Luxury Homes, Ohio, Top Real Estate Agent, West Chester Homes For Sale, West Chester Ohio Luxury Home, West Chester Real Estate

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