December Home Sales Up; 2011 Sales At 99.36% of 2010
From the Cincinnati Area Board of Realtors:
How are 2011 Cincinnati home sales similar to P&G’s Ivory soap TV commercials several years ago? Both reported favorably over 99%.
The commercials touted Ivory soap at 99.44% pure. Local home sales in 2011, likewise, hit 99.36% in total volume vs. 2010 sales.
Home sales in December, for the sixth month in a row, continued a positive trend with 1,294 units — up 7.65% over December 2010. Annually, there were 16,829 sales in 2011 compared to 16,937 in 2010. Second half sales of 2011 were positive, making up for a difficult first half.
Last month’s average price was $146,259, compared to a year ago of $160,295. The average price for 2011 was $151,384 compared to $158,560 in 2010.
“We had an unbelievable run the second half of this year amidst unfavorable economic news,” said Tom Hasselbeck, president of the Cincinnati Area Board of Realtors. “The sales performance in the greater Cincinnati market proves that buyers are finding great values and not waiting to make their purchase. As long as interest rates remain low and the job market stabilizes, now is a superb time to buy as the economy continues to improve.”
Today, the average interest rate in Cincinnati is 3.91% for a 30-year fixed rate mortgage. Nationally, the average interest rate is 4.18%. Many experts claim that the low interest rates will not last.
The Cincinnati area housing market has 8 months of available inventory compared to nearly 10.5 months a year ago. A continued decrease in inventory would result in a greater demand, possibly leading to an increase in the average sale prices of homes. The National Association of Realtors claims that an inventory level of less than 6 months leans toward a “seller’s market,” where the price of homes could rise.
“So if you are in the market to buy a home, don’t wait,” says Hasselbeck. “Take advantage of the affordable homes in the Cincinnati market.”
Summary of Single Family and Condominium SalesMultiple Listing Service of Greater CincinnatiCincinnati Area Board of Realtors®
December Home Sales
Closings Gross Volume Average Price
December 2011 1,294 $189,258,762 $146,259
December 2010 1,202 $192,674,303 $160,295
Variance + 7.65% – 1.77% – 8.76%
Yearly Home Sales
Closings Gross Volume Average Price
Jan-Dec 2011 16,829 $2,547,641,495 $151,384
Jan-Dec 2010 16,937 $2,685,525,814 $158,560
Variance – 0.64% - 5.13% – 4.53%
Nationwide, December home sales were up 5.0% from November on a seasonally
adjusted basis and up 3.6% from December 2010.
Interested in previous month’s press releases you can see many of them here, here, and here.
When Snow Removal from Your Roof is Necessary, Plus Safety Tips
Snow removal from roofs is rarely necessary, but when it is, it’s a dangerous job. Tips and advice about what to do when your roof is loaded with snow.
If you’ve had a big snowfall in your area and you’re wondering if your roof can stand the extra weight, don’t reach for a ladder and a shovel — reach for the telephone. Calling in a professional to remove ice and snow from your roof is the smartest — and safest — option.
When (if ever) is it necessary?
The critical factor in determining excessive snow loads on your roof isn’t the depth of the snow, it’s the weight, says home improvement expert Jon Eakes.
That’s because wet snow is considerably heavier than dry, fluffy snow. In fact, 6 inches of wet snow is equal to the weight of about 38 inches of dry snow.
The good news is that residential roofs are required by building codes to withstand the heaviest snows for that particular part of the country.
“Theoretically, if your roof is built to code, it’s built to support more than the normal load of snow and ice,” says Eakes.
You can determine the type of snow you’re getting simply by hefting a few shovelfuls — you should be able to quickly tell if the current snowfall is wet or dry. Local winter storm weather forecasts should alert you to the possibility that snow loads are becoming excessive and a threat to your roof.
How do I know there’s a problem?
An indication that the accumulated snow load is becoming excessive is when doors on interior walls begin to stick. That signals there’s enough weight on the center structure of the house to distort the door frame.
Ignore doors on exterior walls but check interior doors leading to second-floor bedrooms, closets, and attics in the center of your home. Also, examine the drywall or plaster around the frames of these doors for visible cracks.
Homes that are most susceptible to roof cave-ins are those that underwent un-permitted renovations. The improper removal of interior load-bearing walls is often responsible for catastrophic roof collapses.
The snow load seems excessive, now what?
Most home roofs aren’t readily accessible, making the job dangerous for do-it-yourselfers.
“People die every year just climbing ladders,” Eakes points out. “Add ice and snow and you’re really asking for trouble.”
Instead, call a professional snow removal contractor to safely do the job. Check to make sure they are licensed and insured — that immediately sets them apart from inexperienced competitors.
Pro crews attack snow removal with special gear, including sturdy extension ladders, properly anchored safety harnesses, and special snow and ice-removal tools. Expect to pay $250 to $500 for most jobs.
Don’t expect (or demand) a bone-dry roof at job’s end. The goal is to remove “excessive” weight as opposed to all weight. Plus, any attempt to completely remove the bottom layer of ice will almost always result in irreparable damage to your roofing.
The do-it-yourself option
If you have a small, one-story bungalow where the roof is just off the ground, taking matters into one’s own hands may be safe — if you can work entirely from the ground and have the right tools.
Long-handled snow rakes work great on freshly fallen snow, and at $45 they are relatively affordable. Look for models with sturdy telescoping handles and built-in rollers, which keep the blade safely above the shingles.
Other versions work by releasing the snow from underneath. These models slide between the roof and snow, allowing gravity and the snow’s own weight to do most of the work. Models range from $50 to $125 or more for unique systems utilizing nylon sheeting. Again, search out models with sturdy adjustable handles.
Eakes offers a common sense word of caution about all these snow removal tools. “They tend to work their best on light, fluffy snow — the kind that probably doesn’t need to be removed in the first place.”
You’ll need to anticipate where the snow and ice will fall as you pull it off your roof — you won’t want to pull a load of heavy, wet snow down on top of yourself or any helpers.
Remember, the goal isn’t to remove all visible snow and ice, but rather just enough to relieve the excessive load on the roof.
Let there be (light) space!
Many people think of adding square footage to create more space. But here’s how to create the illusion of space without adding more square footage.
1. Think diagonal views. Stand in one corner and arrange a clear view to the other corner. Place floor tiles on the diagonal. It makes the space seem larger, pushing the walls out.
2. Lighting will open up space. To give your house an airy feel, use simple window dressings to bring in natural light and steal space from the outdoors.
3. Accessorize. The bigger a piece of artwork is, the bigger the feeling of space. A wall filled with many small pictures seems cluttered and space appears smaller.
4. Let there be height. Use at least one tall element in a room to draw the eye upward, towards the ceiling. Not only does this maximize the vertical space in the room, but it also draws the eye up to the less crowded ceiling space above. Even if you don’t have tall ceilings, consider raising your curtains a few inches higher than your windows, it helps to draw the eye up and makes the room feel taller.
5. Play with the furniture. Try to move furniture away from the walls if space allows. It will give a feeling of openness when a sofa isn’t butted against a wall. If buying new pieces, purchase items on legs versus feet. The higher a piece sits from the floor the more visual space is present.
Tips taken from Pillar to Post. Images taken from here, here, here and here









