Central Ohio Real Estate - Sandra Thomas Blogs

FROM THE BLADE'S NEWS SERVICES WASHINGTON - Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market. The National Association of Realtors said yesterday that its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July ...

As volatility in the financial market continues, offering a product that meets the needs of first-time homebuyers has become increasingly difficult.  The ability to obtain capital to continue our programs is severely limited. Despite recent rate increases, program volume has continued at a pace that can not be sustained.  It has become ...

Coldwell Banker Home Loans ContentAugust 2008 Homebuyers May Save Money by Protecting Their Rate Now  Homebuyers may find big savings by locking in their mortgage interest rates now, according to a recent article in CNNMoney.com.1  The mortgage market is more volatile now than during the housing boom, when rates were holding steady ...

Just a few short weeks ago President Bush signed into law legislation that contained a provision to eliminate charitable down payment assistance, effective October 1, 2008. BUT IT”S NOT TOO LATE... ...The very next day Congress introduced bipartisan legislation H.R.6694 that would reauthorize, reform and save charitable down payment ...

According to NAR's Profile of Buyer's Home Feature Preferences the top 10 features that buyers' look for in a home are:Central Air Conditioning Garage (2 or more spaces) Walk-in closet in master bedroom Backyard/play area Cable/Satellite TV-ready High-speed Internet Access Separate shower enclosure in master/main bath Patio ...

IT IS FINAL!! - Seller funded gift swap programs (Ameridream, Nehemiah, Genisis etc.) for new FHA loans will not be accepted after this Friday - August 22nd.All buyers must be registered by Friday 8/22 and close no later than 9/30/08, according to HUD guidelines received today.A buyer may go into our pre-purchase rate protection ...

Low interest rates and high inventory added up to more homes going into contract in July. More homes in fact than any other month since August 2007 as new listings fell, according to the Columbus Board of REALTORS®. Homes in contract continued to increase this summer to an 11-month high. There were 2,051 houses in contract in July, the highest ...

Good News for Buyers and Sellers!(July 24, 2008)  The central Ohio housing market continued to stabilize in June as the area saw it's lowest "month's supply" level since last summer, according to the Columbus Board of REALTORS®. In June, the month?s supply of homes was 8.03, the lowest since August 2007, and a key ...

Month's supply & inventory decrease as sales increase (July 24, 2008) The central Ohio housing market continued to stabilize in June as the area saw it’s lowest “month’s supply” level since last summer, according to the Columbus Board of REALTORS®. In June, the month’s supply of homes was 8.03, the lowest ...

The U.S. Senate passed a bipartisan mortgage rescue bill that allows the Federal Housing Administration to refinance troubled mortgages--even those that are under water--as long as banks agree to take a loss. The program would allow the FHA to help as many as 400,000 home owners. Now the bill goes to a bipartisan committee in the House for ...