The graphs associated with our real estate market indicators are truly akin to a 'roller coaster ride'. Looking at short-term changes in the market are not predictors of what will happen in the near term, as month to month changes are very erratic.
For a March 2011 Monthly Indicators report provided by the Youngstown-Columbiana Association of REALTORS®, click on Read More below for the full story and download the attached file.
The crazy spikes in activity have been greatly influenced by outside forces such as the first-time home buyer's incentives, Ohio's housing stimulus programs, the foreclosure moratorium, and other factors contributing to the availability of mortgage funds and investor activities.
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Columbiana_Mahoning_MMI_2011-03.pdf | 1003.13 KB |