by Tammy Murphy | Jan 27, 2009 | Current Events, Neighbor Chat, Real Estate News
The following information was just released through our Dayton Area Board of Realtors – many times I am asked, “how are we doing” – locally, times shifted – but they weren’t nearly as bad as all the National spotlights. Read and see for yourself what the actual transactions in our area represent:
December’s numbers bring to a close a year of challenging home sales. As Harry Vearn, 2009 president of the Dayton Area Board of Realtors stated, “The decline in home sales fell in lock-step with the tougher economic climate, but the good news continues to be the affordability and inventory of homes, along with historically low interest rates for mortgages. If consumers are smart with their finances and are in the market to buy, it’s an unprecedented time to make the leap. Yes, the market is tough, but right now the factors I just listed make real estate a very attractive option.”
The year ended without any real surprises in the MLS numbers. As expected, price, volume, and sales were lower than in 2007. Down nearly 16% from 2007, sales for 2008 totaled 11,037, while the number of listings submitted to the MLS came to 26,620 (a change of –9% from last year). (more…)
by Tammy Murphy | Jan 17, 2009 | Real Estate News
Every leading economist comes back to the same basic belief: Our housing market is crucial to the survival and even rebound of the economy. What that means is that the current $7500 first time homebuyer credit is looking to be changed – increased in dollar amount and / or removal of the “repayment” feature. The following link to article will give you some ideas of what Realtors are trying to make possible for you!
Tax Credit Changes Could Unleash Home Sales
by Tammy Murphy | Jan 16, 2009 | Facing Foreclosure, Neighbor Chat, Real Estate News
The best advice I can give is to ASK QUESTIONS – Lots of Questions and even the SAME Questions to MULTIPLE Lenders to help ensure you are getting the best refinance for your mortgage. And remember, if you are getting a smaller decrease in the interest rate from what you have now and you don’t plan to live in the house for at least 3 more years – it may NOT be worth the refinance. I am happy to provide you with contacts in the mortgage business that I have found to be trust-worthy and who have worked well with my clients – but whatever you do, talk to them IN PERSON. The internet makes our life easier in many ways, but what I hear over and over is BEWARE OF INTERNET LENDERS. Maybe Not always the case – but I’d rather anyone I know be on the safer side of the transaction by dealing with someone they can actually talk with personally. The following sites have helpful questions for you to ask…
This is a more concise list and explains the various options…
This is a longer list of questions and covers just about every aspect to refinancing mortgages…
by Tammy Murphy | Jan 12, 2009 | Current Events, Investor Relations, Real Estate News
PRESS RELEASE
For IMMEDIATE RELEASE
Tammy Murphy Earns Top 1% Distinction with MSP Designation Master Sales Society Stresses Relationships, Service and Values.
Tammy Murphy, a local Realtor with Exit Realty Partners, has been inducted into the Master Sales Society with the designation of Master Sales Professional, or MSP. This distinction is earned by the very few committed real estate professionals who place value and service to their clients above all else. (more…)
by Tammy Murphy | Dec 15, 2008 | Investor Relations, Real Estate News
In the latest Dayton Area Board of Realtors (DABR) Newsletter – the following update to our local activity may be of particular interest to you and those wanting to know how “our market” is fairing:
“While the continued drop in the local housing market reflects the economic news heard around the country, it should be noted that the Dayton area holds up very well in terms of home values. While other parts of the nation struggle with double digit percentage drops, the Miami Valley has seen relatively small declines. And taking a closer look reveals that a number of communities in this area are fairing pretty well. Beavercreek values are down only 1%, Centerville / Washington Township just 2%, and Englewood posted just under a 3% drop in value year-to date.”
If you have any questions or would like to learn more specifics for your particular neighborhood – call or email me and I’ll be happy to pull the latest stats!
by Tammy Murphy | Dec 15, 2008 | Real Estate News
| Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the latest survey. The Pending Home Sales Index slipped 0.7 percent to 88.9 from an upwardly revised reading of 89.5 in September, and is 1.0 percent below October 2007 when it was 89.8. Lawrence Yun, NAR chief economist, said a review of the past year is instructive. “Despite the turmoil in the economy, the overall level of pending home sales has been remarkably stable over the past year, holding in a generally narrow range,” he said. “We did see a spike in August when mortgage conditions temporarily improved, which underscores two things – there is a pent-up demand, and access to safe, affordable mortgages will bring more buyers into the market.” |
