This is another week of really high activity. In my office, we have all been so busy that we have not been able to help each other as each of ran out of time but not work. This is a Good Thing – a Very Good Thing!

We learned that Anderson Township had the highest rate of sales of any area in the Cincinnati MLS – again A Very Good Thing! Anderson is now a mature community with not much new construction, except in the very high-end properties. This means that first time buyers are active, freeing up the “first rung” properties so that those sellers can finally move up the their next house, and on and on up the ladder. This is the first time we have seen this in a couple of years and it makes everyone happy and feel more secure about the future of local real estate. It also shows that lenders are actually lending.

According to the media, that just was not happening when we all knew better. Now it is evident. Not only are they lending, they are lending at very good rates. FHA financing is available to qualified buyers with a minimum down payment and they can ask the seller to contribute to their closing costs. Those items plus the still very large inventory of available homes in most price ranges makes for a really nice market.

Something for everyone to be aware of is that prices are down about 20% from this same period last year. Most sellers are understanding that. It means that what they may perceive to be loosing on their sale they will make up on their purchase. It all evens out eventually.

You may notice that I am pretty optimistic about all the above. Yes, I certainly am. I have been very busy these last few months helping sellers and buyers and I have seen first hand that all this information is really true and the System Is Working!

If you are interested in talking about buying or selling real estate, please give me a call. I can help to educate you so that you too can move forward in this volatile market.

Keep those referrals coming – I truly appreciate them.