Agent Says Record Low Prices on Cincinnati Real Estate Provides Historic Opportunity For Buyers

Cincinnati, OH – Cincinnati REALTOR Sandy Bakst says record low prices in the new and existing home market provide historic opportunities for buyers. He says that home prices in many cases have completely retraced the pre-mortgage-crisis bubble levels, providing exceptional valuations for buyers considering entering the market.

"Many potential buyers have been sitting on the sidelines for years, but Cincinnati real estate is very attractively priced right now in my opinion. In fact, we may not get better prices for a generation."

He says an increased ratio of real estate investors to owner-occupants have been entering the market and picking up bargains on Cincinnati homes for sale to add to their investment portfolios.

"The fact that investors are having a field day with the market is a good sign for first time home buyers that the time may be perfect for them to jump in as well."

Bakst, who helps clients with their Cincinnati and Northern Kentucky real estatepurchases, says that the combination of low prices and low interest rates have made the current market a chance of a lifetime for many young families to experience the dream of home ownership.

"It's possible for first time home buyers to get a larger home than they ever could have dreamed of in previous markets, and they'll have a smaller house payment for it."

That, he says, is a winning combination that doesn't come around often.

For more information, please contact:

Sandy Bakst
Keller Williams Advisors Realty
3505 Columbia Parkway
Cincinnati, OH 45226
513-315-9295

http://www.sandybakst.com/
http://www.cincinnatiohiohomesforsale.net/
http://www.northernkentuckyhomesforsale.net/

Cincinnati Real Estate Agent Sandy Bakst Says Record Low Prices Spurring Home Buyers

Cincinnati, OH - Cincinnati REALTOR® Sandy Bakst of Keller Williams Advisors Realty says that record low real estate prices and interest rates are spurring home buyers to make offers in the Cincinnati and Northern Kentucky areas.

He says low prices are due largely to the mortgage crisis of the past several years, which has trickled down into many other parts of the economy. Historically low interest rates and a still-high inventory of foreclosures and bank owned properties have contributed to creating attractive home values for buyers, according to Bakst.

“With the Federal Reserve's end of QE2 coming up, there is a fear in the market that interest rates will start rising again. When they do, some of these buying opportunities for Northern Kentucky and Cincinnati homes for sale could go away.”

"First time home buyers and families wanting to trade up are in a very good position right now. In some cases, Cincinnati real estate is selling at 50% off its peak values."

He says there's no certainty in the market about how long this price and interest rate combination will last, but for now, it's creating a buying opportunity for smart buyers and investors.

For more information, please contact:

Sandy Bakst
Keller Williams Advisors Realty
3505 Columbia Parkway
Cincinnati, OH 45226
513-315-9295
http://www.sandybakst.com/