Easiest way to see houses in Perrysburg?
March 25th, 2008 . by Jon ModeneIt is really, really simple.
http://www.onlyperrysburg.com/
Every house, every condo, every property for sale in Perrysburg.
With one mouse click.
How Many Months of Houses Are For Sale in Perrysburg Today?
March 25th, 2008 . by Jon ModeneShort answer?
TOO many.
Long answer – fewer than there were last year because many sellers have given up, quit trying, rented, or been foreclosed – and the banks take a long time to get inventory on the market.
Right now there are about 12.5 months of homes on the market.
You can argue about which formula to use to compute this number (and believe me – Realtors/brokers will argue about the correct methodology of including or not including new homes coming on the market, etc) but it is still a lot of homes.
Less than last year, but still too many.
Perrysburg Market Snap Shot
March 25th, 2008 . by Jon Modene284 Active Listings on March 25 in Perrysburg.
Low price $69,900. Highest priced at $1.250 million.
53 Listings “Sale Pending” same date.
33 Listings closed in the past 30 days.
Fed Rate Cuts ALWAYS Mean Lower Interest Rates? Right?
March 25th, 2008 . by Jon ModeneSince the markets are not working in the normal and expected manner, many believe that the recent Fed rate cut will have the opposite effect . . . and cause mortgage interest rates to rise. The bond markets are actually fearful of lower short term rates because that rate cut is going to fuel inflation.
A couple of weeks ago, the Fed cut the rates that consumers and banks pay and the interest rates on residential real estate actually rose from around 5.75% to 6.5%.
Who would have imagined that?
Rate shopping? Beware this inverse risk/rate behavior.
Waiting to lock? Beware!
