Houses For Rent Cincinnati

Opportunity open for new home buyers

Luke Burroughs, of White Oak, and his fiancée Kathryn will be getting married in July. Their decision to build a future together has created a whirlwind of planning and decision-making. The wedding plans alone have consumed countless hours of consideration and debate. But aside from the wedding, Luke and Kathryn will tell you the most important decision they've had to face so far is the one of housing.

Luke says, "Renting was an option for us, but when we thought about paying rent and not building any equity for the future, plus the low interest rates, home prices, and sellers willing to negotiate, buying a home was the better choice for us. We worked with Mike Wright, a Realtor at Hoeting Realtors in Western Hills, to help us with the home shopping process. With Mike's help we found our perfect home and purchased it at a price we can afford."

Luke and Kathryn's story is typical for home buyers today. The unusual combination of home prices, low mortgage interest rates, attractive inventory, and motivated sellers has created an extraordinary window of opportunity. But if you're waiting for housing prices to fall further and interest rates to go lower before you buy, you may be running the risk of finding the window of opportunity closed when you're ready to make the move. Economists and industry analysts all agree that any further significant declines in home prices and mortgage interest rates are unlikely.

And there is a bigger threat looming for prospective home buyers - the Qualified Residential Mortgage (QRM); a by-product of the Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law July 21, 2010. One proposed QRM definition would require a minimum 20 percent down payment on any home purchase - a requirement that would make it very difficult for most first-time home buyers and middle-class Americans to ever pursue the American Dream of owning their own home.

The National Association of REALTORS (NAR) believes this regulation will not only affect buyers, but will also hinder the ability of home owners to sell their homes, since there would be far fewer buyers who could qualify for home ownership. NAR is currently working to persuade federal regulators to develop a QRM exemption that includes a range of traditionally safe, well-underwritten loan products such as 30-year, 15-year, and 10-year fixed-rate loans and ARMs for future home buyers.

The jury is still out on QRM, but Realtors across the country are working with state and federal legislators to ensure the interpretation encourages sound lending practices that support a housing recovery, attract private capital and reduce future defaults without punishing responsible borrowers and lenders.

Five Neighborhoods Of Cincinnati | cincinnati

Cincinnati, an important city in the State of Ohio, is a great place to live in America. This city is home to the University of Cincinnati, colleges, public schools, several major sports teams, and a number of global companies. Moreover, it has a low cost of living and offers many reasonably priced Cincinnati apartments for rent. Cincinnati includes around 52 neighborhoods and all of these neighborhoods have their own unique features. This article describes five Cincinnati neighborhoods that provide several beneficial facilities and have quality Cincinnati apartments.

Clifton: This Cincinnati neighborhood has a diverse population with different races, ethnicities, classes, and backgrounds. The University of Cincinnati is nestled in Clifton and so naturally it has the presence of a large number of students. It is also only a few minutes away from Cincinnati State Technical Community College and Hebrew Union College. Clifton has many hospitals, including University Hospital, Good Samaritan Hospital, Shriners Burns Hospital, Deaconess Hospital, Select Specialty Hospital, VA Medical Center, and Cincinnati Children’s Hospital. Clifton is also noted for its pedestrian-friendly streets, magnificent mansions, gaslights, and many parks. There are many one and two-bedroom apartments near to the University of Cincinnati. Clifton is the best option for those who are looking for Cincinnati, Ohio Apartments.

Hyde Park: This is an esteemed Cincinnati neighborhood with walker-friendly streets, well-kept lawns, German single-family homes, Victorian buildings, shops, and many wonderful restaurants. This Cincinnati neighborhood is very close to Downtown and the Norwood lateral. Kenwood Towne center, the famous shopping and entertainment area, is near to Hyde Park. The real estate in this affluent area is little expensive, but Hyde Park also has many affordable Cincinnati apartments for rent.

Mount Adams. This neighborhood includes many bars, restaurants, cafes, and dance floors. This a perfect place for the party goers. Mount Adams is only a few miles away from many important places like Irwin M. Krohn Conservatory, Art museum, and Eden Park. If you plant to rent an apartment in Cincinnati, this area is a good choice.

Mason: The most important feature of Mason is its school system. This Cincinnati neighborhood has many excellent schools, including Mason High School, one of the largest schools in Ohio. Real estate is not costly here as it is a little away from Ohio. This neighborhood also boasts of many large business establishments. It also has many quality and spacious Cincinnati apartments.

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