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"We are what we repeatedly do.
Excellence, then, is not an act but a habit"
- Aristotle
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| | Your full service RE/MAX Realtor® offering representation in Northern Kentucky/Cincinnati, Ohio and referrals throughout the world. Out of the dialing area? Call 888-RMX-RELO!
Providing individualized personalized service in fulfilling your real estate needs while exceeding your expectations. Dedicated to ensuring every customer is more than satisfied with their real estate purchase or sale.
"Rainey sets a new standard!" - Client Testimonial
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| Call 859-344-7316
Rainey DeLotell
RE/MAX Affiliates
4895 Houston Road
Florence, KY 41042 OR
1077 Celestial Dr Ste 202,
Cincinnati OH 45202
One Reach Number: 859-344-7316
Toll Free: 1-888-RMX-RELO (769-7356)
Toll Free Fax: 1-866-302-7814
Email: rainey@fuse.net
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CLICK ON PHOTO TO LEARN MORE ABOUT THIS PROPERTY!
Call me to list or show any home in Cincinnati or Northern Kentucky! 859-344-7316
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During 2008, every sale I make or referral I send out of state will result in a generous donation to a KY rescue organization.
Donations from commissions in the last two months have sponsored medical treatment, foster/rescue/adoption for the abandoned and/or injured dogs below!
If you'd like more information on making your own donation, CONTACT RAINEYand I will forward via email a list of reputable rescue groups who need your assistance.
"Not to hurt our humble brethren, the animals, is our first duty to them, but to stop there is not enough. We have a higher mission - to be of service to them whenever they require it. If you have men who will exclude any of God's creatures from the shelter of compassion and pity, they will deal likewise with their fellow men."
-Saint Francis of Assisi
SHELTER DOG - NO NAME - TO BE EUTHANIZED ON JULY 3RD
SELLERS
Did you know last year that sellers who chose to forgo the services of a realtor sold their homes on average for 16% less than those who employed a professional?
If you're planning to sell your home in the next few months, this FREE service is designed to help establish your home's current market value. Simply choose SELL NOW! and fill out the requested information. I will use comparable sold listings to help you calculate the fair market value of your home.
Be sure to click on FOR BUYERS & SELLERS to read more about what you should consider when listing your home.
BUYERS
Good News on The Housing Front!
Don't miss out on the best buyer's market in decades which, according to Bittles, shows preliminary signs of having reached the bottom and, per Yun, is poised to see an escalation in prices in the very near future!
This is a quote from Bruce Bittles' article "Investment Outlook - Fed Seeks to Calm Turbulent Credit Markets" in the Baird Spring 2008 Investment Digest . Bittles is the Chief Investment Strategist for Robert W. Baird, Inc.
"However, the Fed aggressively cutting interest rates, economic conditions are expected to stabilize this summer. The flat growth expected in the first half of the year could yield to a re-acceleration in the second half. Although preliminary, some early signs of bottoming have emerged in the housing sector. The trend in inventories appears to have stopped rising, mortgage rates, (especially for fixed rate mortgages) have fallen and affordability has risen dramatically in recent months"
And from NAR's Chief Economist...
NAR ... Says Home Sales and Prices Will Pick Up in Second Half of 2008
WASHINGTON, D.C. - Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market, Lawrence Yun, chief economist for the National Association of REALTORS® said during NAR’s Midyear Legislative Meetings & Trade Expo.
Middle-America cities that performed evenly over the past few years – like Cincinnati, Milwaukee and the Kansas City, Mo., area – are likely to experience home price gains in the 20 to 30 percent range over the next five years, while markets like Miami, Las Vegas and Phoenix could see prices go up as much as 50 percent during that time period, Yun said.
Yun blamed most of the softening of the housing market over the last year on the “subprime mess,” where consumers with blemished credit records got loans they couldn’t afford when the interest rates reset to higher levels.
“In fact, if you look at where home prices fell the most, it’s the markets were subprime loans were prevalent,” Yun said. Cape Coral, Fla.; Detroit; Las Vegas; Miami; Orlando, Fla.; Phoenix and Riverside, Calif. were among the cities with a high percentage of subprime lending and where the markets suffered the biggest downturns, he explained.
“It’s important to keep things in context,” he said. “While much of the media is focusing on the fact that the rate of foreclosures doubled this year from historic averages, the foreclosure rate has gone from 1 percent of all homeowners with mortgages to 2 percent. Foreclosures are being driven principally by subprime loans.”
He further explained that more than half of today’s foreclosures are concentrated in the subprime market. The great majority of homeowners are making their mortgage payments on time.
Now that the subprime market has dried up, and loans insured by the Federal Housing Administration and those purchased by Fannie Mae and Freddie Mac are making a comeback, the housing markets will strengthen and prices are likely to begin a steady uptick in the coming months, Yun said.
Yun urged the Congress and White House to enact NAR-supported legislation to modernize FHA programs, reform regulation of the government-sponsored enterprises (Fannie Mae and Freddie Mac), establish a first-time home buyer tax credit, and make the temporary increases to the conforming loan limits established by the Economic Stimulus Act of 2008 permanent.
“These measures would quickly stabilize the housing markets and get fence-sitters into the market to buy homes,” Yun said.
"There are many reasons for people to get into the housing market today, and very few reasons not to. With the plentiful supply of homes for sale at affordable prices, interest rates approaching 40-year lows, and the strong track record of housing as a good long-term investment, conditions are ripe for buyers,” he added. “Those are the facts, plain and simple.”
As for a recession, it’s not happening, Yun said. “A slowdown, yes, but the definition of a recession is two consecutive quarters of negative GDP growth. It’s not in the cards – no matter how you look at it.”
Looking for "insider" information on hot new listings?
Often times the BEST new listings never make it to the MLS public site, newspapers or publications before they go "pending". They are "gobbled up" by someone working with a realtor, helping them to get a jump on the competition. Several times a day, I check the MLS hot sheet for homes that meet your criteria before they "go public". You'll be one of the first to know when your dream home comes on the market, sometimes before the sign is in the yard! What does this service cost? Not a cent! Call or email me for more details or simply choose BUY NOW! and complete the requested information.
Be sure to click on the link FOR BUYERS & SELLERS to read articles regarding what you should consider when choosing an agent to represent you in one of the most financially significant transactions in your life.
Search both the entire Northern Kentucky Multiple Listing Service and the Greater Cincinnati MLS, then call me at 859-344-7316 to view any property in Cincinnati or Northern Kentucky.You deserve to be competently represented in the purchase of your next home by a knowledgeable Realtor® and a skilled negotiator!
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Each Office is Independently Owned and Operated.
Cincinnati OH Real Estate, Northern KY Real Estate
Each Office is Independently Owned and Operated.
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