recent blog posts from Norma Palazzolo
Posted by Norma Palazzolo | on July 20, 2009, 5:06 pmIf you are reading the local papers you we seeing that they are finally reporting so Good News! Our market is picking up. Statistics are showing a marked improvement in the Cincinnati area. Though over 40% of the sales are foreclosures or other distressed properties our inventory is being sold. We have to move those » Read more
Posted by Norma Palazzolo | on July 1, 2009, 5:16 pmFigures produced from Cincinnati Area Board of Realtors show inventory levels are coming down and the absorption rate is 8.5 months for Cincinnati, (around 6 months is considered ideal.) This report also showed that new listings hitting the market per month are decreasing. This is good news. Inventory must be sold and the number of » Read more
Posted by Norma Palazzolo | on June 20, 2009, 5:24 pmSome 455,000 first-time buyers took advantage of low prices and interest rates to close transactions in the first quarter of the year, latest NAR statistical data show. Anecdotal evidence suggests the first-time buyer tax credit played a role in bringing out buyers, too. Other data show that the large number of distressed sales continues to » Read more
Posted by Norma Palazzolo | on June 16, 2009, 5:22 pmAs of this week, 1 million new foreclosures have been filed in 2009, according to estimates by the Center for Responsible Lending, a nonprofit research and policy organization dedicated to preserving home ownership. A new foreclosure starts every 13 seconds–nearly 6,500 a day. “It’s easy to think, ‘Well, that’s tough luck for the families that » Read more
Posted by Norma Palazzolo | on June 8, 2009, 8:19 pmRealtors® do more than just help you search for a home. They provide indispensable advice during the entire home-buying process. Here are three ways that your Realtor® will protect your interests in the steps toward buying a home. 1. Finding Your Ideal Home – If you’ve already searched for a home for several months, you » Read more