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An index that measures pending home sales in Ohio rose in May for the 25th consecutive month, a state realtors association said.

Ohio’s May Pending Home Sales Index of 145.6, a forward-looking indicator based on contract signings, rose 20.1 percent from the May 2012 index score of 121.2, the Ohio Association of Realtors said Thursday.

“With each passing month, we’re continuing to make steady, significant progress in rebuilding a solid foundation for stable, growing housing marketplace in Ohio,” said association President Thomas J. Williams in a statement. “It’s evident that buyers are not only confident that homeownership is a wise, long-term investment, but are eager to take advantage of the ideal conditions that exist in today’s marketplace with favorable pricing and low interest rates.”

An index of 100 is equal to the average level of contract activity during 2008, which marked the end of five consecutive record years for existing home sales and the onset of the recession. Activity levels in 2008 are reflective of a historically healthy, balanced market.

The May 2013 pending sales index of 145.6 marks a 45.6 percent increase from the benchmark May 2008 index of 100. Additionally, the current results also best the PHSI marks posted during the month in Ohio in 2009 (89.0), 2010 (70.4) and in 2011 (101.8).

A pending sale or a sale “under agreement” is when the buyer and seller agree on terms of the sale of a home and have a signed purchase and sale agreement, but have yet to close and be recorded as such.

 

Dayton Daily News 6/27/2013

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Homeowners who turn 65 at any point in 2013 are eligible for the Homestead Exemption program and have until Monday, June 3rd to sign up with the Montgomery County Auditor’s Office.  Applications are available in the Auditor’s office, on the web at www.mcauditor.org or by calling the 225-4341 Homestead Hotline number.

“All eligible senior homeowners should sign up for this valuable tax break,” said Auditor Karl Keith, “Even though the expanded Homestead program has been in place since 2007, we still find homeowners that have not applied. Last year, Montgomery County and City of Dayton recipients saved an average of about $620 on their annual property tax bill as result of the Homestead Exemption.”

The Homestead exemption program provides property tax relief to homeowners age 65 and older and the permanently disabled. There are no income requirements, but newly eligible recipients (those turning 65 any time in 2013) must sign up with the Auditor’s office. Homeowners already enrolled in the program do not need to reapply.

Qualified applicants who missed last year’s deadline may also sign up and receive a reduction on last year’s taxes, as well as this year’s. 

Potential new applicants should call the Auditor’s Homestead Hotline at 225-4341 or log on to www.mcauditor.org to obtain an enrollment form or for more information.