Cincinnati Homes For Sale

RIS Media (the leader in real estate information systems) says it is time for the big dive!So if you have a good job and good credit, the next few months might be a good time to go house hunting. If you wait, you take the risk that Congress isn't going to renew the tax credits.Mortgage rates are still low but there are several indications that this may not be so for long. The Fed has said that they aren't going to buy up any more mortgage-backed securities (all those bad loans) after March 30, 2010 and the rise in the real estate market will create demand for the available money. These two issues are going to put pressure on the the current mortgage rates.There are indications, even in Cincinnati (usually never the place to lead the nation in virtually anything) where popular neighborhoods are now low on inventory. This is always a neighborhood by neighborhood situation, so call us if you think you are in one of the popular ones, or want to be!So along with perhaps rising competition to buy in popular neighborhoods, and more restrictions on who lenders are willing to lend to, we now have restrictions on the sort of property that they will lend to. First the minimum credit score is now closer to 650 and the banks are getting picky about how the house looks to an appraiser. It must be in good condition with no obvious problems like mold, radon, old roof etc. Picky Picky Picky!!! This is less so if you are putting a lot of money down, but if you are that person, call me immediately, you are a dying breed!Everyone has been waiing for that day when we can be optimistic about the real estate market again, the problem is that we won't know exactly the date until we can look back at it! But we are close. We are starting to get houses sold much quicker and sometimes even with more than one offer. So be careful but don't be late!