Over the past few months several great real estate agents joined our staff at Lakeside Realty. We're taking this moment to welcome them all aboard, and express our appreciation for all their hard work and dedication. Our team just keeps getting stronger and stronger. Thanks everyone for your loyalty and trust. We pledge to always do our best to help you achieve your goals.
FHA loans are mortgages that are insured by the Federal Housing Administration (FHA), which is an agency of the federal government within the Department of Housing & Urban Development (HUD). Because the mortgages are insured by FHA, protecting lenders against buyer default, lenders can offer FHA loans at attractive interest rates with more flexible and less stringent qualification requirements.
Here are some facts you should know about FHA loans:
January 2014 real estate market numbers for Mahoning County, looking over the past 12 months, show little change from the previous 12-month period.
The most significant factor affecting the local market is low inventories. The number of homes for buyers to choose from is at 10-year historic lows.
To read the full report with all the graphs, provided courtesy of the Youngstown-Columbiana Association of REALTORS®, click on the attachment link below this post.
According to REALTOR.com’s January 2014 Housing Report, Ohio continues to experience a tight inventory of homes for sale. Listing prices are stable, and we are experiencing shorter market times.
Although many places throughout the country showed an uptick in inventory, Ohio's inventory levels remained relatively unchanged.
On a positive note, most Ohio markets experienced an increase in the median list price in January compared to January of 2013.
The term "Boomerang buyers" refers to those who lost their home to foreclosure or short sale, and have since recovered from the financial event that caused them to lose their home. They have been renting, repairing their credit, and are waiting until they can once again qualify for a home loan. Boomerang buyers are tired of renting, and have a strong desire to once again own their own home. They are the ones who need to come back to the market to sustain the real estate recovery and growth. Think about it:
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. CENTURY 21 Lakeside Realty Is a member of the National Association of REALTORS® Equal Housing Opportunity.
FHA loans are mortgages that are insured by the Federal Housing Administration (FHA), which is an agency of the federal government within the Department of Housing & Urban Development (HUD). Because the mortgages are insured by FHA, protecting lenders against buyer default, lenders can offer FHA loans at attractive interest rates with more flexible and less stringent qualification requirements.
January 2014 real estate market numbers for Mahoning County, looking over the past 12 months, show little change from the previous 12-month period.
According to REALTOR.com’s January 2014 Housing Report, Ohio continues to experience a tight inventory of homes for sale. Listing prices are stable, and we are experiencing shorter market times. 
The term "Boomerang buyers" refers to those who lost their home to foreclosure or short sale, and have since recovered from the financial event that caused them to lose their home. They have been renting, repairing their credit, and are waiting until they can once again qualify for a home loan. Boomerang buyers are tired of renting, and have a strong desire to once again own their own home. They are the ones who need to come back to the market to sustain the real estate recovery and growth. Think about it: