Local housing demand increases, prices rise - 21 News Now, More Local News for Youngstown, Ohio -

Updated

Local housing demand increases, prices rise

Posted: Updated:

YOUNGSTOWN, Ohio - If you're looking to buy a home in the Valley, it may be getting more difficult to find these "for sale" signs. And more of them are saying "sold" quicker.

"If you're a buyer and you're trying to find a house and you find one that comes on the market, you better act quick, because we're selling houses, sometimes the same day they come on the market," says Cindy Best, Howard Hanna realtor.

Best says it's been a buyer's market for a long time, but the increased demand for houses is now allowing home owners to sell closer to their asking price.

"You're no longer looking at those super low ball offers and actually considering having to take them," Best says. "You're getting a good price for your home today."

Patrick Burgan of Burgan Real Estate, says while January and February are often slow months for selling homes, this year they have been busier than ever. He also said more buyers are getting the courage to build.

"We're selling lots right now, Burgan says. "We have a development that's going up in Canfield. We have a spec up. We sold it at the open house."

According to the Mortgage Bankers Association, last week mortgage applications increased by nearly 15 percent.

Juan Santiago at Home Savings says consumers are more confident because they are better educated and prepared to buy a home.

"So people know that hey, I have to stay on top of my credit. Maintain a good credit score. So they've done that," Santiago says.

Realtors think the Shale Boom and overall job economy picking up have people relocating to this area.

"My clients are saying, 'Cindy, you have no idea what's going to hit you.' So I hope they're correct in that," Best says.

  • SpotlightSpotlightMore>>

  • Updated

    The Scrappers host “POPS at the Ballpark” featuring the Youngstown Symphony Orchestra

    The Scrappers host “POPS at the Ballpark” featuring the Youngstown Symphony Orchestra

    Tuesday, April 15 2014 2:04 PM EDT2014-04-15 18:04:57 GMT
    NILES, Ohio – The Mahoning Valley Scrappers and the Youngstown Symphony Orchestra are excited to host one of the Valley's premiere summer events, POPS at the Ballpark,More >>
    NILES, Ohio – The Mahoning Valley Scrappers and the Youngstown Symphony Orchestra are excited to host one of the Valley's premiere summer events, POPS at the Ballpark, presented by Stanley E. Shearer with Northwestern Mutual and 21 WFMJ on Saturday, August 23, 2014 at Eastwood Field.More >>
  • Around the WebMore>>

  • 2 boaters found dead in Lake Erie; 2 more missing

    2 boaters found dead in Lake Erie; 2 more missing

    Thursday, April 17 2014 3:49 PM EDT2014-04-17 19:49:32 GMT
    TOLEDO, Ohio (AP) - Authorities say the bodies of two of four missing boaters in western Lake Erie have been recovered off the Ohio shoreline. Officials say they recovered the bodies of two females Thursday.More >>
    TOLEDO, Ohio (AP) - Authorities say the bodies of two of four missing boaters in western Lake Erie have been recovered off the Ohio shoreline. Officials say they recovered the bodies of two females Thursday.More >>
  • Boston Marathon organizers confident of safe race

    Boston Marathon organizers confident of safe race

    Police stepped up patrols near the Boston Marathon finish line after a masked man walked in the street with a rice cooker in his backpack only hours after the city marked the anniversary of last year's deadly...More >>
    The arrest of a man with a rice cooker in his backpack near the Boston Marathon finish line led police to step up patrols Wednesday, while organizers sought to assure the city and runners of a safe race next week.More >>
  • Low of 19 degrees in Toledo breaks 139-year record

    Low of 19 degrees in Toledo breaks 139-year record

    Wednesday, April 16 2014 6:34 PM EDT2014-04-16 22:34:39 GMT
    TOLEDO, Ohio (AP) - Winter temperatures are refusing to go away in northwestern Ohio. The thermometer dropped to 19 degrees in Toledo Wednesday morning, breaking a 139-year-old record for the same dateMore >>
    TOLEDO, Ohio (AP) - Winter temperatures are refusing to go away in northwestern Ohio. The thermometer dropped to 19 degrees in Toledo Wednesday morning, breaking a 139-year-old record for the same dateMore >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms