New-Home Sales Highest Since 2008

Nationally, new home sales are up significantly, which is great news.  Locally we have seen many more new homes being built in Mahoning County. Some of the existing developments have begun to sprout new homes, new developments have been started, and certain pockets (for instance around Lake Evans) have seen a flurry of activity.

We are also seeing increased traffic and more serious inquiries from buyers interested in building a home. Check out some new construction homes that are ready or almost ready for a new family.  

New-Home Sales Surge to 6-Year High -  Sales of new single-family homes soared 18 percent in August, as greater confidence in the recovery swept across the housing industry, despite... [NAR Daily News]

Mortgage Rates Make Biggest Jump of the Year

Why are the mortgage interest rates so important to you as a home buyer and/or home seller?  It is a significant determinant of whether a buyer qualifies or doesn't qualify for a mortgage.  A one-point difference can be huge for a buyer that is near the top of their qualify ratios.

Truth is that, despite a hike, the mortgage interest rates are low . . . keeping homes affordable for Youngstown area buyers.  

Use our home calculators to see how a change in interest rates can impact you.

Mortgage Rates Make Biggest Jump of the Year -  Mortgage rates were on the rise this week, with fixed-rates making the biggest one-week leap so far this year.   [NAR Daily News]

Just Listed A Nice Duplex for $94,900 at 5430 Youngstown-Poland Rd.

You'll want to check this out.  A duplex can be a smart investment for the first-time buyer as well as the seasoned investor.  

First-timer . . . you can live in one unit with a full master suite, 2 bedrooms, fireplace, very spacious, and rent out the other unit.  Let your tenant make your mortgage payment


Get all the details here.