Students took part in classroom sessions on budgeting, credit and debit cards, and the steps involved in buying a home.
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The West Central Association of REALTORS® donated $5,000 and food to Meals Til’ Monday to help provide weekend meals for hundreds of Allen County students.
The West Central Association of Realtors hit the bowling lanes to support a local cause. At Westgate Entertainment Center, Realtors rolled strikes to raise money for Meals ‘til Monday.
The West Central Association of Realtors held the event at Westgate Entertainment Center. Groups of four competed against each other in bowling, with all proceeds going to Habitat for Humanity. All realtors were dressed in costumes, matching a theme of "at the movies". Members of the association stated that they wanted to help Habitat for Humanity in order to promote homeownership in the area.
A local realtor organization announced their support of a Lima mayoral candidate. The West Central Association of Realtors is endorsing Sharetta Smith in her bid for mayor.
Low inventory in the market has created a very fast selling environment. Houses are staying listed for less time, especially with only around 100 homes for sale in Allen County. Additionally, interest rates on many mortgages right now are under 3%, allowing buyers to get more house for their money.
The numbers are in for the Ohio housing market in the month of May, and it looks like the pandemic has had an effect on it. This May compared to May 2019, saw a 25 percent decrease in home sales. But the average price of a home actually was up. One realtor says this is due to a shortage of homes on the market. Also, people weren't sure what was going on and how to proceed through the COVID-19 pandemic. So in a way, it's a good time for sellers and buyers. Record low-interest rates are being seen in Ohio. For a 30-year mortgage, rates are around 2.75 and 3 percent.
It may be a different situation in other parts of the country, but West Central Ohio's housing market is still doing well. The president of the West Central Association of Realtors says before the coronavirus pandemic they were on a pace for a record spring in home sales. It has slowed down a little, but the market is still strong in our area. The housing market remains a sellers’ market and few people are concerned with moving during the pandemic. How realtors have conducted business has had to change though. Open houses have gone completely virtual and there's more of a reliance on technology for people to get their information.
You have to look at the past to understand the future. That was the message today from the Allen County Commissioners as they spoke with local realtors.