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Home Sales Up for Eighth Consecutive Month in Ohio
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Home Sales Up for Eighth Consecutive Month in Ohio
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Home Sales Up for Eighth Consecutive Month in Ohio
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April 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos in the state of Ohio improved for the eighth consecutive month in February according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 6,608 existing single-family homes and condos were sold in the Buckeye State in February. That was 9.7 percent higher than the 6,022 homes sold in January and 19.3 percent higher than the 5,537 homes sold in February 2011.

The median sales price for an existing home in Ohio increased by 0.5 percent in February to $116,196, up from $115,616 in January, but still 1.3 percent lower than the median price of $117,786 in February of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Our market has now posted eight consecutive monthly sales gains, dating back to July 2011. We’re extremely hopeful that the housing sector will continue to make progress throughout 2012 and build upon the solid foundation that has been established in recent months.”

Of the 19 local boards that provided data for the monthly report, eighteen of the boards reported gains or were unchanged from the previous year with Marion (+50.0 percent) reporting the largest increase while Athens (-18.2 percent) posted the only year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 2,122 home sales, up from 1,657 a year ago, while Columbus followed with an estimated 1,215 home sales for the month, up from 1062 in February of 2011.

“We remain confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to stabilize, sellers are realistic in their 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

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April 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos in the state of Ohio improved for the eighth consecutive month in February according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 6,608 existing single-family homes and condos were sold in the Buckeye State in February. That was 9.7 percent higher than the 6,022 homes sold in January and 19.3 percent higher than the 5,537 homes sold in February 2011.

The median sales price for an existing home in Ohio increased by 0.5 percent in February to $116,196, up from $115,616 in January, but still 1.3 percent lower than the median price of $117,786 in February of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Our market has now posted eight consecutive monthly sales gains, dating back to July 2011. We’re extremely hopeful that the housing sector will continue to make progress throughout 2012 and build upon the solid foundation that has been established in recent months.”

Of the 19 local boards that provided data for the monthly report, eighteen of the boards reported gains or were unchanged from the previous year with Marion (+50.0 percent) reporting the largest increase while Athens (-18.2 percent) posted the only year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 2,122 home sales, up from 1,657 a year ago, while Columbus followed with an estimated 1,215 home sales for the month, up from 1062 in February of 2011.

“We remain confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to stabilize, sellers are realistic in their 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

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.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

April 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos in the state of Ohio improved for the eighth consecutive month in February according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 6,608 existing single-family homes and condos were sold in the Buckeye State in February. That was 9.7 percent higher than the 6,022 homes sold in January and 19.3 percent higher than the 5,537 homes sold in February 2011.

The median sales price for an existing home in Ohio increased by 0.5 percent in February to $116,196, up from $115,616 in January, but still 1.3 percent lower than the median price of $117,786 in February of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Our market has now posted eight consecutive monthly sales gains, dating back to July 2011. We’re extremely hopeful that the housing sector will continue to make progress throughout 2012 and build upon the solid foundation that has been established in recent months.”

Of the 19 local boards that provided data for the monthly report, eighteen of the boards reported gains or were unchanged from the previous year with Marion (+50.0 percent) reporting the largest increase while Athens (-18.2 percent) posted the only year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 2,122 home sales, up from 1,657 a year ago, while Columbus followed with an estimated 1,215 home sales for the month, up from 1062 in February of 2011.

“We remain confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to stabilize, sellers are realistic in their 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

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
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.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.