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Archive for July, 2010

Cincinnati Sales Up 7.6% in June

Posted in Market Update on July 27th, 2010 by Lindsay – Be the first to comment

Local homes sales (closings) last month — at 2,129 units — showed a 7.63% gain over the same period one year ago, reports the Cincinnati Area Board of Realtors. The increase was due largely to closings that needed to be completed by June 30, from contracts written by April 30, in order for qualified buyers to receive a federal tax credit up to $8,000.

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Pending Home Sales Drop (As Expected)

Posted in Market Update, Tax Credit on July 27th, 2010 by Lindsay – Be the first to comment

Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the NATIONAL ASSOCIATION OF REALTORS®.

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Closing Costs: What’s in em?

Posted in Buying, Closing Costs, First Time Home Buyer, Mortgage on July 26th, 2010 by Lindsay – Be the first to comment

Reading your average good faith estimate from a lender can sometimes feel a bit overwhelming. What are all of these closing costs and where did they come from?

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