The housing market is improving -
http://www.mortgagenewsdaily.com/10092012_fannie_mae_housing_survey.asp
Foreclosures have fallen to a 5 year low -
http://money.cnn.com/2012/10/11/real_estate/foreclosures/index.html?section=money_realestate&utm_source=twitterfeed&utm_medium=linkedin&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29
Some of our key markets in Northern Ohio are short on listings -
I've been hearing about data and saw a couple of charts at a meeting showing a decline in listings available in key markets in the mid price range - roughly $200k to $400k. I decided to check one of our markets - the 44089 zip code for Vermilion, Ohio and the surrounding areas. With an increase in buyers and very, very low interest rates we've been experiencing increased sales. Apparently many sellers can't sell or are hoping prices rebound dramatically to pre-decline levels (unlikely). Remember - if you can afford to sell and wait until you homes value is worth more you will also lose the lower prices when you purchase and interest rates will undoubtedly go up. If you dream is living on the beach and you have equity in your home now is the time to make the move.
Vermilion Area (44089) and Avon Lake (44012) -
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