Robin Sibcy Sheakley is Named Chairman of the Board of The Realty Alliance

Robin_Movie_CroppedRobin Sibcy Sheakley, Vice President of Sibcy Cline Realtors, has been named Chairman of the Board for The Realty Alliance. She will serve a two-year term that ends in October 2019. Robin has previously served as a board member of this organization.

Says, Rob and Pam Sibcy (Sibcy Cline’s President and Vice President of Marketing as well as parents to Robin), “We are very proud of Robin’s success and her leadership skills. We think it is wonderful she is continuing the real estate tradition within our family and are sure she will do a great job with The Realty Alliance.”

A licensed real estate professional since 1994 (and a fourth-generation Sibcy in the business), Robin wears many hats at Sibcy Cline Realtors. As Vice President, she oversees Relocation, Mortgage, Title, Insurance, Recruiting and Professional Development. She is also a member of the Sibcy Cline Executive team.

Locally, she currently serves as a board member for The Children’s Theatre of Cincinnati; Ursuline Mother’s Club; Cincinnati Regional Business Committee; and as an advisory member of The Fifth Third Bank.

About The Realty Alliance
The Realty Alliance is a network of the largest, most-successful full-service real estate companies in North America, comprising more than 117,000 sales people and thousands of employees in its real estate firms and affiliated businesses such as mortgage, title and insurance. The Realty Alliance leads the real estate industry in innovative practices and in the setting of policy for real estate.

Real Estate Forecast for 2018

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.

Home Buyers Could Find Their Dream Home in the Fall

House_Scarf_FallBackground.jpgThough some home buyers may be frustrated they didn’t find the perfect home this summer thanks to the intense competition for purchasing homes – they shouldn’t be discouraged. As some home shoppers leave the market in the fall, the odds that those who remain will find a dream home increases.

The least expensive months to buy a home are actually in the fall, according to the National Association of Realtors. In October buyers could pay about 2.7 percent below the market value of a property often because of how many would-be buyers have dropped out of the market by then. Likewise, people who are looking to sell and whose homes have been on the market a bit longer than expected, are more willing to get a deal done once autumn arrives.

Buy That Home!
Just like the summer market, it’s vital home buyers make sure they’re ready to make an offer as soon as they find a home they like. While the market is generally less busy in fall, today’s market conditions mean shoppers can still expect busy open houses and multiple bids. Having the ability to spring into action as soon as possible remains vital to finding a home before winter arrives.

Home shoppers need to stay in contact with their real estate agents throughout the home-buying process so they can make the most informed decisions based on how local markets are moving as the fall stretches on.

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.

September Home Sales Report: Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

花火8Many homes are selling quickly due to low inventories of homes for sale. Mortgage interest rates remain low. Here are the sales statistics for September 2017 for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati

September 2017 vs September 2016

  • -.4.75% Decrease in homes sold (2,267 homes vs 2,380)
  • 3.56% Increase in average sale price ($198,657 vs $191,837)
  • 3.23% Increase in median sale price ($160,000 vs $155,000)
  • -1.36% Decrease in gross sales volume ($450,354,376 vs $456,571,301)

January – September 2017 vs January – September 2016

  • -.33 % Decrease in homes sold (20,055 homes vs 20,121)
  • 6.23% Increase in average sale price ($202,423 vs $190,546)
  • 7.24% Increase in median sale price ($163,000 vs $152,000)
  • 5.88% Increase in sales volume ($4,059,582,615 vs $3,8,33,982,081)

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

Dayton

September 2017 vsSeptember 2016

  • -3.38% Decrease in homes sold (1,428 homes vs 1,478)
  • 9.03% Increase in average sale price ($159,699 vs $116,477)
  • 7.19% Increase in median sale price ($135,000 vs $125,950)
  • 5.34% Increase in sales volume ($228,050,163 vs $216,492,454)

January – September 2017 vs January – September 2016

  • 1.12% Increase in homes sold (12,374 homes vs 12,237)
  • 6.42% Increase in average sale price ($156,227 vs $146,808)
  • 5.93% Increase in median sale price ($134,000 vs $126,500)
  • 7.61% Increase in sales volume ($1,933,148,167 vs $1,796,484,099)

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

Northern Kentucky

September 2017 vs September 2016

  • -6.74% Decrease in homes sold (609 homes vs 653)
  • 3.45% Increase in average sale price ($180,363 vs $174,345)
  • 8.78% Increase in median sale price ($161,000 vs $148,000)
  • -3.52% Decrease in sales volume ($109,841,135 vs $113,847,782)

January – September 2017 vs January – September 2016

  • 2.48% Increase in homes sold (5,463 homes vs  5,331)
  • 2.44% Increase in average sale price ($180,045 vs $175,345)
  • 3.29% Increase in median sale price ($157,000 vs $152,000)
  • 4.98% Increase in sales volume ($983,586,065 vs $936,907,047)

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

Southeastern Indiana

September 2017 vs September 2016

  • 12.1% Increase in homes sold (111 homes vs 99 homes)
  • 15.3% Increase in average sale price ($164,868 vs $142,997)
  • 17.8% Increase in median sale price ($159,000 vs $135,000)
  • 29.3% Increase in sales volume ($18,300,402 vs $14,156,732)

January – September 2017 vs January –  September 2016

  • 4.9% Increase in homes sold (925 homes vs 882 home)
  • 5.2% Increase in average sale price ($158,138 vs $150,287)
  • 2.8% Increase in median sale price ($142,500 vs $138,649)
  • 10.4% Increase in sales volume ($146,277,568 vs $132,552,723)

Statistics courtesy of Rick McMillin – Southeast Indiana Association of Realtors Home Sales Report, September 1, 2017

Successfully Sell Your Home This Fall

Old street lamp in the park at autumn. Toned image.Is fall the right time to sell your home? Yes, it is! Given the demand for homes in today’s market, you’re still likely to generate a lot of interest from would-be buyers.

There is a different approach to selling in the fall because the real estate market traditionally changes from its summer buying patterns. Here are ways to make your home stand out from the crowd when selling during the fall season:

Appeal to the Fall Buyer
One of the biggest things to keep in mind at this time of year is the most likely demographics for buyers will be either a younger millennial and people who are looking for a change after their own kids moved out. People with school-aged children are not as motivated to buy a home in autumn since their kids are already settled in at school.

Highlighting the kinds of home features that will appeal to your likely buyers may be a good way to market your home. Home office space, a guest bedroom or even easy access to local attractions are features that millennials and empty nesters will be drawn towards.

Photos of Your Home
For marketing purposes schedule your home to be photographed while the autumn leaves are still on trees and the light is still strong during the day. This can really make a house feel warm and homey – and is much better than the dim, thinner light that comes along in early winter. Brown grass just does not look as nice as a green lawn.

In addition, your home’s staged decor should reflect the season. Pumpkins and gourds nicely displayed on a front porch look welcoming. Light fall interior decor also adds a nice touch. Create a cozy (yet uncluttered) atmosphere. See our Fall Decorating Ideas Pinterest board for ideas.

Highlight What’s Nice
Entice fall home buyers by showcasing your home’s high-efficiency heating system and automated thermostat (that also improves efficiency with easier controls). A little expenditure on weather stripping or a new thermostat can really help to wow prospective buyers.

Make your home brighter for open houses (which might not always be easy given how gray some fall days can be.) Add mirrors and install brighter light bulbs to help your home from feeling dark and dreary. Be sure to keep lights on and open the drapes for showing appointments.

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.

August Home Sales Report – Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

HomeSales_August2017.jpgMany homes are selling quickly due to low inventories of homes for sale. Mortgage interest rates remain low. Here are the sales statistics for August 2017 for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati
The Cincinnati region enjoyed setting a record for 15 consecutive months for increased average sale price!

August 2017 vs August 2016

  • -.61% Decrease in homes sold (2,610 homes vs 2,626)
  • 8.48% Increase in average sale price ($210,000 vs $193,868)
  • 12.58% Increase in median sale price ($170,000 vs $151,000)
  • 7.81% Increase in gross sales volume ($548,883,303 vs $509,097,422)

January – August 2017 vs January – August 2016

  • .2 % Increase in homes sold (17,776 homes vs 17,740)
  • 6.59% Increase in average sale price ($202,902 vs $190,366)
  • 7.95% Increase in median sale price ($163,000 vs $151,000)
  • 6.8% Increase in sales volume ($3,606,792,639 vs $3,377,091,173)

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

Dayton

August 2017 vs August 2016

  • -.74% Decrease in homes sold (1,606 homes vs 1,618)
  • 10.92% Increase in average sale price ($162,235 vs $146,261)
  • 11.36% Increase in median sale price ($139,200 vs $125,000)
  • 10.10% Increase in sales volume ($260,548,765 vs $236,650,202)

January – August 2017 vs January – August 2016

  • 1.86% Increase in homes sold (10,910 homes vs 10,711)
  • 5.96% Increase in average sale price ($134,000 vs $126,900)
  • 5.59% Increase in median sale price ($134,000 vs $126,900)
  • 7.93% Increase in sales volume ($1,699,577,954 vs $1,574,682,921)

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

Northern Kentucky

August 2017 vs August 2016

  • -4.53% Decrease in homes sold (653 homes vs 684)
  • -4.36% Decrease in average sale price ($182,987 vs $191,326)
  • 1.27% Increase in median sale price ($160,000 vs $158,000)
  • -8.69% Decrease in sales volume ($119,490,533 vs $130,867,134)

January – August 2017 vs January – August 2016

  • 3.06% Increase in homes sold (4,821 homes vs  4,678)
  • 2.50% Increase in average sale price ($180,361 vs $179,956)
  • 3.29% Increase in median sale price ($157,000 vs $152,000)
  • 5.64% Increase in sales volume ($869,524,447 vs$823,122,265)

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

Southeastern Indiana
Southeastern Indiana had an uptick in home sales for August!

August 2017 vs August 2016

  • 12.8% Increase in homes sold (123 homes vs 109 homes)
  • 9.9% Increase in average sale price ($174,328 vs $158,565)
  • 14.2% Increase in median sale price ($159,900 vs $140,000)
  • 24.1% Increase in sales volume ($21,442,297 vs $17,283,518)

January – August 2017 vs January – August 2016

  • 3.8% Increase in homes sold (813 homes vs 783 home)
  • 4.1% Increase in average sale price ($157,335 vs $151,208)
  • 1.1% Increase in median sale price ($140,500 vs $139,000)
  • 8.0% Increase in sales volume ($127,913,336 vs $118,395,991)

Statistics courtesy of Rick McMillin – Southeast Indiana Association of Realtors Home Sales Report, August 1, 2017

Look at homes for sale in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Sibcy Cline Super Open House is October 14 and 15, 2017

SibcyClineSuperOpenHouseSibcy Cline’s agents are hosting a company-wide Super Open House Weekend on October 14-15, 2017. There will be many open houses throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Bye/Buy Weekend!
Are you glued to the television watching football on Sundays? No worries – it’s a “bye” for Bengals football  that weekend – and a will be a great time to look at homes and possibly buy one.

Mortgage rates are still low and home values are on the rise.

Look at open houses.