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!
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.”
There has been much going back and forth and the small victories that Nehemiah and AmeriDream have been able to achieve – will wain if the overall battle is not won! All people should be speaking out as to their position on the matter – as a House Bill is set to ELIMINATE the Downpayment Assistance programs. Read the Washington Post article to learn more. (more…)
Next time you talk with a REALTOR about buying or selling a house – consider this perspective:
Impact of Rising Energy Prices Compelling Practical, Psychological Changes to Real Estate Decisions
The $4-plus/gallon of gas threshold hit this summer has pushed the real estate industry in unforeseen ways — fundamentally altering how it behaves and its understanding of markets.
It is changing the way brokers market property, how brokerages charge clients, how managers budget improvements, how tenants decide where to locate, how local governments are approaching development and transportation issues, how consumers decide where to spend money, how logistics firms manage their distribution centers, how landlords calculate their expense pass-throughs, and how lenders fund construction projects and acquisitions. It has investors adjusting their acquisition criteria and has asset managers recalculating cash flows. And these are just a few of the ways. (more…)
This is the Buying Season and what a better way to kick start things than with an Area – Wide Event?! Our Dayton Area Board of Realtors has helped to facilitate this Event and provide the following information:(more…)
The real estate brokerage with a heart! Helping you as buyers and sellers in today's real estate market. RH2L is "Real Homes To Love" and your choice for professional real estate services in today's market! Office hours by appointment.
