Housing Supply, Absorption Rate (AR), is 10 months about the same as last month and only slightly up for the same time last year.  A “balanced market” is 5-6 months of listing inventory.  Supply and demand.
Looking back to 1990 through 2009 for the month of April, our unit sales levels, dollar volume of sales and average sale price are at the 1993 levels.
April 2009 unit sales were down about 16% from April 2008.  Total dollar volume was down about 24% from April 2008.  The average sale price was down 10%. 
The active residential inventory continues to decline, down from 2008 and 2007 and below 2006, headed towards 2005 levels…this is good…very good.  Inventory is being reduced not only by sales but also by properties being leased.  It matters not the method, just the result.

Courtesy of ReMax Unlimited

Most every person in this country knows the importance of installing and keeping their fire alarms properly maintained. What many people do not yet know is just how important it is to install and maintain carbon monoxide detectors in their homes as well. Every year in our country approximately two hundred people die from carbon monoxide poisoning. These tragedies can be easily avoided by purchasing a carbon monoxide detector at your local hardware store.

Ways to avoid Carbon Monoxide poisoning in your home:

• Purchase a carbon monoxide detector to place within 15 feet of every sleeping area in your home.
• Change the batteries yearly, when you change your fire alarm batteries.
• Have your furnace and fireplace checked regularly by a professional.
• Use your generators properly.
• Avoid “warming up” your car if the garage is attached to your home.

Learn to recognize Carbon Monoxide poisoning symptoms:

• Dizziness
• Nausea
• Headache
• Coughing
• Irregular Heartbeat
• Pale skin with cherry red lips and ear tips

For more information on how to install a carbon monoxide detector see EHow’s instructions.

To find home listings that are for sale on the Cincinnati MLS click here

A real housing stimulus

The National association of Realtors have proposed a housing stimulus plan to get to the root of the US economy problems. The meat in the proposal would that calls for a temporary $7,500 first-time home buyer tax credit with NO REPAYMENT requirement and a temporary federal buy-down of mortgage rates to 4.5 percent or less. This differs from the plan in place that gave a $7,500 first-time home buyer tax credit that was really a loan at 0%. Technically there was no tax credit, only the advantage to get a quick write down on your taxes only to be paid back later.

Click here to see the additional details on Inman News.

http://www.inman.com/news/2008/11/10/realtors-introduce-stimulus-plan

Relocating to Cincinnati?  Please use our complimentary online Cincinnati MLS Search to help you with your research!

Sign-up to be the first to know about new properties in the Cincinnati Real Estate Marketplace immediately after they are listed. You will receive an email update whenever a home meeting your parameters hits the market. It is that easy!

Contact Kevin Duffy for more information about Cincinnati Ohio Real Estate!

Did you know!!

Ohio Housing Finance Agency  just lowered their rate from 6.25% to 6.00%.

If the buyer is a teacher, firefighter, medical worker, police officer,
etc
it’s 0.25% lower.

Ohio Housing offers a 2nd mortgage up to 4% for downpayment,
making this a 0% down loan for buyers.

Their income has to qualify at 100% of median (66,200 for a 1-2 person
family and 76,130 for a 3+ person family).

To find out the details email me kevin@kevinduffy.com and I can get you to the best loan specialist in Cincinnati

If you are looking to find a home go to www.CincinnatiMLS.com

If you ever wanted to see how home sales and the number of homes for sale in Cincinnati have performed in Cincinnati since 1990 this is the visual that you need to see.

CLICK HERE  to see how Cincinnati Mls has gone thru ups and downs.