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Julie Back of Sibcy Cline Realtors Honored by the Business Courier Among the Ten Women Who Mean Business

12/08/2017 13:49:23

Julie_WomenWhoMeanBus_3Julie Back, Executive Sales Vice President with Sibcy Cline Hyde Park, was honored by the Business Courier as one of 10 Women Who Mean Business on December 7, 2017.

The luncheon presentation included a video from each honoree where they shared their professional stories. Julie spoke about her 24-year career experience. (See an excerpt of Julie Back’s  Courier interview following the photos below.)

Julie has had quite a year in 2017. She has not only been honored as Sibcy Cline’s top-selling agent, but was also number one in sales for the Cincinnati Area Board of Realtors for 2016 and number one in individual sales for the state of Ohio for 2017.

Read the Business Courier article to learn more about each honoree. (Note: If you do not have a subscription, you will not be able to read the entire article.)

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How to Host a Party at Your Home without Breaking the Bank

12/06/2017 17:04:37

People_Party_Christmas.jpgAt this time of year, many homeowners invite family and friends over to celebrate the holiday season. Fortunately, they don’t have to spend a lot of money to do so. With just a few helpful tips, it’s easy to have a great party and still stay on budget.

One important thing to keep in mind is that when winter arrives, most people aren’t looking for anything too extravagant from the holiday parties they attend. Just getting together to celebrate is what matters. That fact can help to put hosts at ease as it relates to keeping costs down as there are plenty of ways to save money.

Of course, when it comes to staying on budget, it’s important to actually set that budget. When hosts know how much they can afford to spend they can more easily apportion every dollar to make sure they get what they need.

Keeping It Under Control
When hosting parties, one of the biggest mistakes made is the purchasing or preparing of too much food or drink. Take the time to think back to past parties hosted and how much was left over.

Ask guests to bring an appetizer or drink of their choice to create more of a “family” atmosphere that lends to the festivities.

Hosts may also face the issue of having invited too many people. Not only can that approach make for a cramped setting, but it also pushes the budget that much higher. Paring back the invites, even a little bit, can be a great way to save.

Other Helpful Tips
Any food or beverage items that can purchase before the big holiday shopping rush will likely be at least a little bit cheaper than they are a few weeks from now. Snack foods, rather than a full meal, can go a long way toward filling stomachs without requiring a lot of prep time and will probably cost a similar amount.

And when it comes to decorating, hosts shouldn’t feel the pressure to go overboard. Again, this time is more about the people in attendance creating the warm holiday atmosphere rather than wall-to-wall expensive decorations. Often the items they already have on hand will suffice and shouldn’t take too long to set up.

A little planning can go a long way minimizing the need to go too deep into pocket. At the end of the day, a host’s primary focus should be on enjoying this festive time with family and friends.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more click www.hmsnational.com.

 

Local Home Sales Report for October 2017

11/29/2017 09:09:29

HomeSales_Oct2017.jpgMany homes are still selling quickly due to low inventories of homes for sale. Mortgage interest rates remain low. Here are the sales statistics for October 2017 for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati

October 2017 vs October 2016

  • -6.73% Decrease in homes sold (2,052 homes vs 2,200)
  • 2.85% Increase in average sale price ($199,616 vs $194,086)
  • 1.29% Increase in median sale price ($157,000 vs $155,000)
  • -4.07% Decrease in gross sales volume ($409,612,540 vs $426,990,135)

January – October 2017 vs January – October 2016

  • -.92 % Decrease in homes sold (22,116 homes vs 20,321)
  • 5.93% Increase in average sale price ($202,211 vs $190,895)
  • 6.58% Increase in median sale price ($162,000 vs $152,000)
  • 4.95% Increase in sales volume ($4,472,799 vs $4,260,972,216)

Statistics courtesy of Cincinnati Area Board of Realtors October 2017 Home Sales Report

Dayton

October 2017 vs October 2016

  • 3.17% Increase in homes sold (1,367 homes vs 1,325)
  • 3.12% Increase in average sale price ($154,695 vs $150,013)
  • 4.08% Increase in median sale price ($130,000 vs $124,900)
  • 6.39% Increase in sales volume ($211,468,609 vs $198,767,519)

January – October 2017 vs January – October 2016

  • 1.14% Increase in homes sold (13,775 homes vs 13,620)
  • 6.05% Increase in average sale price ($156,088 vs $147,190)
  • 6.35% Increase in median sale price ($134,000 vs $126,000)
  • 7.25% Increase in sales volume ($2,150,112,912 vs $2,004,733,228)

Statistics courtesy of Dayton Area Board of Realtors October 2017 Home Sales Report

Northern Kentucky

October 2017 vs October 2016

  • -7.68% Decrease in homes sold (589 homes vs 638)
  • 6.23% Increase in average sale price ($180,727 vs $170,126)
  • 3.33% Increase in median sale price ($155,000 vs $150,000)
  • -1.93% Decrease in sales volume ($106,448,636 vs $108,540,622)

January – October 2017 vs January –October 2016

  • 1.93% Increase in homes sold (6,085 homes vs  5,970)
  • 2.77% Increase in average sale price ($179,995 vs $175,151)
  • 3.97% Increase in median sale price ($157,000 vs $151,000)
  • 4.75% Increase in sales volume ($1,095,271,303 vs $1,045,652,419)

Statistics courtesy of Northern Kentucky Association of Realtors October 2017 Home Sales Report

Southeastern Indiana

October 2017 vs October 2016

  • 20% Increase in homes sold (114 homes vs 95 homes)
  • -7.2% Decrease in average sale price ($160,578 vs $173,002)
  • 7.1% Increase in median sale price ($152,500 vs $142,400)
  • 11.4% Increase in sales volume ($18,305,870 vs $16,435,177)

January – October 2017 vs January – October 2016

  • 6.3% Increase in homes sold (1,039 homes vs 977 home)
  • 7.9% Increase in average sale price ($164,683 vs $152,495)
  • 3.6% Increase in median sale price ($144,000 vs $139,000)
  • 10.5% Increase in sales volume ($164,583,438 vs $148,987,900)

Statistics courtesy of Rick McMillin – Southeast Indiana Association of Realtors Home Sales Report, October, 2017

Look at homes for sale.

Cincinnati Citirama 2018 to be Located in the West End near Music Hall

11/28/2017 09:26:13

ClarkStreetMapThe Home Builders Association of Greater Cincinnati announced its site selection for Citirama 2018 – in the West End on Clark Street (near Music Hall). Fifty four single-family detached homes are slated to be constructed. Fifteen lots will be part of the home show with home prices ranging from $250,000-$400,000. Citirama is scheduled to run from September 8-16, 2018.

Homes will qualify for the City of Cincinnati Tax Abatement program (10-year, 100% abatement on the improvements and longer for LEED Certified and “visitable” homes.)

Real Estate Forecast for 2018

11/27/2017 12:53:01

crystal ballWhat’s in store for real estate in 2018? Here are some predictions for the market:

Home Sales Increasing
Total U.S. home sales are expected to increase by 2% for 2018.

Economists are also predicting 1.33 million new housing starts in 2018 – up from 1.22 million in 2017. Low inventory has been a frustrating part of the home-buying process and new home construction will help to relieve some of those inventory issues.

Mortgage Rates and Home Prices To Rise
U.S. economic growth is positive with the stock market going strong with a rise of 10% in 2017. Mortgage rates are expected to increase moderately and home prices are expected to increase by 4.9%. Homeowners will continue to build equity in their current homes. These are all good signs of a healthy economy.

Rising home prices and rents will outpace increases in income in 2018. The rental market is expected to have low vacancies and thus a rise in rates of 3-6%. The inventory of single-family homes will continue to be tight and result in higher prices for home purchases as well. Newly constructed homes will be generally be more expensive due to higher material costs and wages. Much of this is due to 2017 natural disasters (including multiple hurricanes).

Baby Boomers and Millennials
Baby Boomers are slowing down with home purchases (due to their age) and Millennials are in line as the largest home-buying sector. The great recession and tremendous college debt have affected Millennials, putting them behind a few years in making a home purchase. These former renters are now getting into position to blossom into homeowners. Looser mortgage restrictions will play a large role in helping them succeed with the American Dream.

Boomerang Home Buyers Are Back
Home buyers who lost homes during the recession will be rebounding back. (The normal foreclosure waiting period is seven years.) The average age of a homeowner who lost a home to foreclosure during the recession was 45 – as a boomerang buyer they will now be in the their early 50s.

Lending Guidelines to Lessen
There is an expectation that lending guidelines will be rolled back therefore allowing potential home buyers easier access to mortgages.

No Housing Bubble
Economists are not foreseeing a housing bubble and state there is little risk for home-price declines. This is great news for those planning on buying a home in 2018!

Our Local Market
The local economy has been strong and Cincinnati is now the largest in Ohio at $132 billion as well as the fast-growing city in the Midwest. Read more here.

Look at homes for sale.

Read more predictions here.
Sources: Realtor.Org,  FreddieMac and Market Leader.

Additional sibcyclinenews.com Summaries

December 2017 Festivals and Events throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

11/20/2017 09:08:27
Take a look at what is happening in December throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana. Continue reading

$85,353 Donated to United Way by Sibcy Cline’s Agents and Employees for 2017

11/17/2017 11:35:58
Sibcy Cline’s agents and employees donated $85,353 to United Way 2017 campaigns for greater Cincinnati and Dayton, Ohio. Continue reading

Winterize Your Home Now So You Can Sell This Spring

11/13/2017 14:43:59
It's important  for homeowners to keep their homes in the best shape possible during the winter season and be prepared as potential listings for the spring. Continue reading

Update on the Cincinnati Region’s Economic Development – a Sibcy Cline Hosted CE Class

11/10/2017 16:51:10
Local top-notch professionals shared their passion with Sibcy Cline agents about what they do with their jobs and organizations to make Cincinnati region the best place to live and work. Continue reading

Tips for Homeowners This Thanksgiving

11/09/2017 16:07:10
With Thanksgiving just weeks away, homeowners can never be short of tips and helpful suggestions for those little set-backs that come with travel or hosting for the holiday. Continue reading