SHAWN BAKER, REALTOR
  • Home
  • About
    • Testimonials
  • Contact
  • Listings
  • Sold!
  • Home Search
  • Resources

Foreclosure sales helping the local housing market

4/20/2011

 
"Once we can remove those sales, we can continue to help our real estate market, local real estate market heal.” - Cincinnati Area Board of Realtors President Pete Kopf

Nearly half of Greater Cincinnati home sales last month involved foreclosures and short sales. Experts say that could help turn the market around.

Cincinnati Area Board of Realtors President Pete Kopf says 44-percent of sales last month were lender involved.

“Some people might say, wow that’s scary. It’s not scary. What it is is the cleansing of the lender involved sales of our inventory. Once we can remove those sales, we can continue to help our real estate market, local real estate market heal.”

He says it’s a domino theory. Foreclosures and short sales bring the market down.

Comparing March of last year to last month, Cincinnati saw a 7-percent drop in home sales. Kopf attributes that to the 2010 first time homebuyers’ credit.

Northern Kentucky home sales were off 11-percent.

Listen via WVXU.com here

Foreclosure report shows 2010 filings down

4/10/2011

 
Picture
Foreclosure report shows 2010 filings down, losses up The economic downturn that began in 2007 continued to affect homeowners throughout 2010, according to a new report by Working in Neighborhoods (WIN).

The Recession Is Over? Hamilton County Families Are Still In Foreclosure, the eighth foreclosure report produced by WIN, analyzes foreclosure statistics from the Cincinnati Court Index's Sheriff Sale Listing for each of Hamilton County's municipalities and the City of Cincinnati's neighborhoods.


Read More

Greater Cincinnati and NKY’s Home sales buck national trend

4/4/2011

 
Greater Cincinnati and Northern Kentucky’s residential real estate market bucked the national trend as home sales rose in February compared to January.

The Cincinnati Area Board of Realtors on Monday reported 963 home closings in February, up from 895 closings in January 2011, and up from 945 closings in February 2010. For the first two months of the year, sales were up 2.82 percent, to 1,858 from 1,807.

The average price fell 3.34 percent to $144,070 in February from $149,046 in February 2010. For the year, the average price is down 4.44 percent to $143,076.

The median sales price fell to $111,000 in February, from $118,000 in February 2010. For the year, the median price is down to $109,000 from $116,000. Median price is the midpoint of all sales.

Pete Kopf, president of the Cincinnati Area Board of Realtors, said increases in mortgage rates and rent are helping drive sales, in addition to a large inventory.

Read More

    Archives

    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    July 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    June 2010
    May 2010

    Categories

    All
    Brewery District
    Cincinnati
    Condo
    Conservation
    Green
    Growth
    Hoa
    Home Improvement
    Home Owner Association
    OVER-THE-RHINE
    Population
    Remodel
    Spotlight
    Tips
    Water

    RSS Feed

Shawn Baker, Realtor
Comey & Shepherd City Office
sbaker@comey.com
Office  (513) 241-3400
Home
About
Testimonials
Contact
Listings
Sold!
Home Search
Updates
Resources
Picture
Shawn Baker - Agent with Comey & Shepherd Realtors
Reviews on Zillow
2945794
"Shawn is a true professional. I was impressed with his knowledge of my neighborhood and networks of buyers, who would be interested in buying here. ... more "
5.0/5.0
by cje18
2820272
"Shawn helped us find our first home. He was knowledge about all city neighborhoods we looked in. He was quick to respond to text messages 7 days a ... more "
5.0/5.0
by user2578077
2733104
"Shawn Baker is an excellent realtor with extensive knowledge of the Cincinnati market, particularly downtown. He has helped me through several ... more "
5.0/5.0
by Derek Bauman
Copyright 2017, Shawn Baker and Comey & Shepherd Realtors®, Inc. All rights reserved. 
All information contained herein is believed accurate but is NOT guaranteed. Last updated 1/28/2019
  • Home
  • About
    • Testimonials
  • Contact
  • Listings
  • Sold!
  • Home Search
  • Resources