The last House Price Index or HPI has been released from the Federal Housing Finance Agency and the numbers continue to show improvement in the country’s housing market. Here is what we found in the report. U.S. house prices rose 1.3 percent in the first quarter of 2015 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This marks is the 5th… Read More
The spring housing market got off to a fast start this year with a nice increase in home prices and number of homes sold. Home prices soared, up $13,000, on average compared to March of 2014. We also saw a nice rise in the number of homes sold, up nearly 20 percent in the local housing report of March 2015. Market activity has also been… Read More
In February 2015 68 homes sold here in our local market with an average sales price of $93,518. This is about a $6,500 increase over the average sale price from last February. 10 fewer homes sold in February 2015 than did last February which I think is more of an indication of lower inventory than anything else. With the average sale price going up we… Read More
Have you been hearing a buzz about Lima, Ohio and Allen County? Well, you are not alone! While the unemployment rate isn’t the lowest in the area, it is below the state average and well below the national average. There are local organizations and businesses that are helping Lima grow along with improving the quality of life available! Below we have listed just a few… Read More