All real estate is local, yet the media often ignores the difference between markets and talks about national trends. That’s why so many people are missing the message that Northwest Ohio is faring pretty well. In 2007 alone almost 1500 homes sold in NW OHIO. Could yours be next?
- Contrary to the “doom and gloom” …stories we hear on the news, 2007 was the second highest year in sales for Northwest Ohio since the Toledo Board of Realtors began collecting statistics.
- The average sales price in NW Ohio is still considerably lower than the national average.
- Housing priced here are lower than what experts would expect for such a healthy market.
HOME OWNERSHIP WILL ALWAYS BE A GOOD INVESTMENT
- 9/10 consumers agree that homeownership is a sound financial investment
- In the past 40 years, real estate has delivered the most consistent positive return over any investment.
- Purchasing a home is a great way to invest your money.
FOR MOST BUYERS NOW IS A GREAT TIME TO BUY
- Now is a great time to “move up”.
- Invest? You betcha!
- To investors who like to hold real estate long term, today’s market is a gold mine.
LOW INTEREST RATES ARE KEEPING THE MARKET STRONG
- Mortgage rates are the biggest factor in determining how much one can afford. How low are today’s mortgage rates? People who bought a home in 1963 were paying the same rates that are available to us in 2008.
- Lower interest rates equal lower payments. Financing is readily available for those with good credit and steady income.
DON’T WAIT TOO LONG IF YOU LIKE A GOOD DEAL
- Right now prices a 7% lower than last year, interest rates are great and there are plenty of homes on the market, but who knows when that will change? So if you are playing the waiting game, remember the market will heat up again –it always does-
- Experts agree that home prices have generally gone as low as they will go.
- National Association of Realtors is predicting an increase in properties values for the second half of 2008.
TALK TO THOSE WHO KNOW BEST
- Visit www.AndThePicketFence.com (Northwest Ohio Board of Realtors website) for more statistics and facts, but don’t forget to talk with the experts themselves: REALTORS, builders and lenders know the market well.
- Not only can REALTORS help you find a home, they are also a invaluable source for selling your home.
- The Northwest Ohio Board of Realtors would like to encourage anyone with questions about the local market to contact a REALTOR in our area. We all have access to information about what is going on is our area. It is important to remember that real estate is local and what may be happening in a different part of the US is not necessarily happening in our area.