Local housing demand increases, prices rise - WFMJ.com News weather sports for Youngstown-Warren 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.

  • More From wfmj.comHot ClicksMore>>

  • 420's long, strange trip to pot holiday began in California

    420's long, strange trip to pot holiday began in California

    Friday, April 20 2018 6:22 PM EDT2018-04-20 22:22:16 GMT
    (AP Photo/Eric Risberg). In this Friday, April 13, 2018, photo, the Waldos, from left, Mark Gravitch, Larry Schwartz, Dave Reddix, Steve Capper and Jeffrey Noel pose below a statue of Louis Pasteur at San Rafael High School in San Rafael, Calif. Friday...(AP Photo/Eric Risberg). In this Friday, April 13, 2018, photo, the Waldos, from left, Mark Gravitch, Larry Schwartz, Dave Reddix, Steve Capper and Jeffrey Noel pose below a statue of Louis Pasteur at San Rafael High School in San Rafael, Calif. Friday...
    Where are The Waldos? Not far from the San Francisco Bay Area high school where in 1971 the five buddies' search for a marijuana patch gave birth to the term 420, now the date for marijuana's high holiday and...More >>
    Where are The Waldos? Not far from the San Francisco Bay Area high school where in 1971 the five buddies' search for a marijuana patch gave birth to the term 420, now the date for marijuana's high holiday and universal slang for smoking weed.More >>
  • NASA's Tess spacecraft embarks on quest to find new planets

    NASA's Tess spacecraft embarks on quest to find new planets

    Friday, April 20 2018 6:20 PM EDT2018-04-20 22:20:38 GMT
    (SpaceX via AP). This photo released by SpaceX on Wednesday, April 18, 2018 shows a Falcon 9 rocket carrying NASA's Transiting Exoplanet Survey Satellite at Cape Canaveral Air Force Station in Fla. Once in orbit, TESS will peer at hundreds of thousands...(SpaceX via AP). This photo released by SpaceX on Wednesday, April 18, 2018 shows a Falcon 9 rocket carrying NASA's Transiting Exoplanet Survey Satellite at Cape Canaveral Air Force Station in Fla. Once in orbit, TESS will peer at hundreds of thousands...
    NASA's newest planet-hunting spacecraft is back on the pad for another shot at launch.More >>
    NASA's newest planet-hunting spacecraft is back on the pad for another shot at launch.More >>
  • 2 black men arrested at Starbucks get an apology from police

    2 black men arrested at Starbucks get an apology from police

    Friday, April 20 2018 11:33 AM EDT2018-04-20 15:33:50 GMT
    (AP Photo/Jacqueline Larma). In this Wednesday, April 18, 2018 photo, Rashon Nelson, left, and Donte Robinson, right, listen to a reporter's question during an interview with The Associated Press in Philadelphia. Their arrests at a local Starbucks quic...(AP Photo/Jacqueline Larma). In this Wednesday, April 18, 2018 photo, Rashon Nelson, left, and Donte Robinson, right, listen to a reporter's question during an interview with The Associated Press in Philadelphia. Their arrests at a local Starbucks quic...
    Two black men arrested at a Philadelphia Starbucks where they were waiting for a business meeting say they wonder how an everyday encounter could escalate into a police confrontation that left them fearing for...More >>
    Two black men arrested at a Philadelphia Starbucks where they were waiting for a business meeting say they wonder how an everyday encounter could escalate into a police confrontation that left them fearing for their lives.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms