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Home Sales in Ohio Jump in May
HOW LOANRATEUPDATE WORKS
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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Home Sales in Ohio Jump in May
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Sales in Ohio Jump in May

July 13, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos jumped by over twenty percent in Ohio during May while total sales for the year are thirteen percent ahead of last year’s pace according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 11,018 existing single-family homes and condos were sold in the Buckeye State in May. That was 21.1 percent higher than the 9,099 homes sold in April and 19.0 percent higher than the 9,258 homes sold in May 2011. It was the 11th consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio increased by 4.2 percent in May to $135,450, up from $130,003 in April, and was 2.6 percent higher than the average price of $131,895 in May of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Our market appears to be establishing a very solid foundation following the downturn we experienced as a result of the onset of the economic collapse of 2008. Our recent trend‐line has been very encouraging and the industry remains cautiously optimistic that we’re making strides toward having a sustainable, growing marketplace going forward.”

Of the 20 local boards that provided data for the monthly report, seventeen of the boards reported sales gains or were unchanged from the previous year with the Greater Portsmouth Board (+64.5 percent) reporting the largest increase while the Ashland Board (-34.5 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 3,528 home sales, up from 2,648 a year ago, while Columbus followed with an estimated 2,070 home sales for the month, up from 1,875 in May of 2011.

Year-over-year, eleven of the local boards posted an increase in their median prices led by the Mansfield Board (+43.1 percent) with the Lancaster Board (-17.0 percent) posting the largest decline in prices.

Through the end of May, home sales are 13.3 percent ahead of last year’s sales at the same time.

“We remain extremely confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to trend upward, sellers are realistic in their pricing expectations and consumers understand that long‐term, owning a home is a tremendous investment.” Miller added.

Tags: existing homes, condos, sales, median home prices, Ohio

Source:
OAR

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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July 13, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos jumped by over twenty percent in Ohio during May while total sales for the year are thirteen percent ahead of last year’s pace according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 11,018 existing single-family homes and condos were sold in the Buckeye State in May. That was 21.1 percent higher than the 9,099 homes sold in April and 19.0 percent higher than the 9,258 homes sold in May 2011. It was the 11th consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio increased by 4.2 percent in May to $135,450, up from $130,003 in April, and was 2.6 percent higher than the average price of $131,895 in May of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Our market appears to be establishing a very solid foundation following the downturn we experienced as a result of the onset of the economic collapse of 2008. Our recent trend‐line has been very encouraging and the industry remains cautiously optimistic that we’re making strides toward having a sustainable, growing marketplace going forward.”

Of the 20 local boards that provided data for the monthly report, seventeen of the boards reported sales gains or were unchanged from the previous year with the Greater Portsmouth Board (+64.5 percent) reporting the largest increase while the Ashland Board (-34.5 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 3,528 home sales, up from 2,648 a year ago, while Columbus followed with an estimated 2,070 home sales for the month, up from 1,875 in May of 2011.

Year-over-year, eleven of the local boards posted an increase in their median prices led by the Mansfield Board (+43.1 percent) with the Lancaster Board (-17.0 percent) posting the largest decline in prices.

Through the end of May, home sales are 13.3 percent ahead of last year’s sales at the same time.

“We remain extremely confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to trend upward, sellers are realistic in their pricing expectations and consumers understand that long‐term, owning a home is a tremendous investment.” Miller added.

Tags: existing homes, condos, sales, median home prices, Ohio

Source:
OAR

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 13, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos jumped by over twenty percent in Ohio during May while total sales for the year are thirteen percent ahead of last year’s pace according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 11,018 existing single-family homes and condos were sold in the Buckeye State in May. That was 21.1 percent higher than the 9,099 homes sold in April and 19.0 percent higher than the 9,258 homes sold in May 2011. It was the 11th consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio increased by 4.2 percent in May to $135,450, up from $130,003 in April, and was 2.6 percent higher than the average price of $131,895 in May of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Our market appears to be establishing a very solid foundation following the downturn we experienced as a result of the onset of the economic collapse of 2008. Our recent trend‐line has been very encouraging and the industry remains cautiously optimistic that we’re making strides toward having a sustainable, growing marketplace going forward.”

Of the 20 local boards that provided data for the monthly report, seventeen of the boards reported sales gains or were unchanged from the previous year with the Greater Portsmouth Board (+64.5 percent) reporting the largest increase while the Ashland Board (-34.5 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 3,528 home sales, up from 2,648 a year ago, while Columbus followed with an estimated 2,070 home sales for the month, up from 1,875 in May of 2011.

Year-over-year, eleven of the local boards posted an increase in their median prices led by the Mansfield Board (+43.1 percent) with the Lancaster Board (-17.0 percent) posting the largest decline in prices.

Through the end of May, home sales are 13.3 percent ahead of last year’s sales at the same time.

“We remain extremely confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to trend upward, sellers are realistic in their pricing expectations and consumers understand that long‐term, owning a home is a tremendous investment.” Miller added.

Tags: existing homes, condos, sales, median home prices, Ohio

Source:
OAR

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS