Journal-News: Dayton, Ohio, news and information

About Greater Dayton Home Report

A weekly snapshot of relevant local, regional, and national real estate news, and interpretation of its impact on the Miami Valley. We encourage your questions and comments and will strive to provide insightful answers to our readers.

Tim Hall: Licensed Real Estate Broker, actively selling since 1993. Co-founder of Re/Max Central Properties, with my wife, Bell Hall, and team-leader for a team of 7. BA from Capital University and a US Navy Veteran CU-60 U.S.S. Saratoga. Father of 3 - Alicia, Erica, and Amber; and grandfather of 1, Ava.

February 2008

Sun	Mon	Tue	Wed	Thu	Fri	Sat
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29

RSS Syndication

XML Greater Dayton Home Report
XML More 'DDN' feeds

More recent entries

February 2008

Montgomery County 2007 Housing Permits Down 29%

By Tim Hall | Friday, February 15, 2008, 02:01 PM

I recently received an informal report from a vendor in the real estate services industry, where they gathered the county information regarding home construction. This helps them in establishing thier forecast for 2008.

Here, sans any interpretation, are the numbers:

Permits Issued by County

2007 Montgomery 553 units. Net change -29% from 2006 and -44% from 2005. 2007 Warren 1100 units. Net change -34% from 2006 and -56% from 2005. 2007 Greene 593 units. Net change -20% from 2006 and -57% from 2005. 2007 Butler 976 units. Net change -44% from 2006 and -65% from 2005. 2007 Hamilton 907 units. Net change -40% from 2006 and -57% from 2005.

Total 2007 4129 units. Net change -36% from 2006 and -58% from 2005.

I welcome your comments. In a previous post I stated that things would rebound once inventory is worked through. What do you think?

Permalink | Comments (0) | Post your comment |

Do FED rate cuts lower mortgage rates?

By Tim Hall | Monday, February 4, 2008, 02:57 PM

Mortgage 101

Q. What is the most reliable predictor of Mortgage Rates? A. The Ten Year Treasury Note (Stock Symbol TNX)

Q. Do FED rate cuts lower mortgage rates? A. Let’s find out together! See the Six Month TNX Chart below. See the green circles? These mark the dates that rates were lowered by the Federal Reserve. Without exception, the TNX seems to follow. I was speaking with Mike Zimov, my son in law who is a loan officer with E-Loan. He gets rate updates typically twice daily. They tend to travel in LOCKSTEP with the TNX.

So if you want a hint as to the direction rates are going, look there first!

Untitled-1 copy.jpg