Essential Winter Tips for Northeast Ohio Homeowners

Snow Removal Using Power Broom in Northeast Ohio

As February rolls around, Northeast Ohio homeowners must stay on top of their home maintenance tasks. Despite the chilly weather, there are several important tasks to tackle to ensure your home remains in top condition. Here are some essential tips to keep your home safe, efficient, and comfortable throughout the remaining winter months.

1. Check Your Heating System:

With the winter chill still lingering, your heating system is likely working overtime. Schedule a professional HVAC inspection to ensure everything is running efficiently and safely. Replace air filters if necessary and consider investing in a programmable thermostat to maximize energy savings.

2. Inspect for Ice Dams:

Ice dams can wreak havoc on your roof and gutters, leading to costly repairs if left unchecked. Take the time to inspect your roof and gutters for any signs of ice buildup. Safely remove any icicles hanging from the roof and consider installing heated cables to prevent future ice dams.

To safely remove ice dams, it’s recommended to hire a specialist who uses steam. Steam is the only method that won’t potentially damage your roof. It’s better to use a professional for this task as they have the necessary equipment, experience, and insurance to perform it without financial risk.

3. Seal Drafts and Air Leaks:

Drafts and air leaks can significantly impact your home’s energy efficiency and comfort levels. Check windows and doors for any gaps or cracks and apply weatherstripping or caulking as needed. Don’t forget to insulate any exposed pipes to prevent freezing and potential bursts.

Warm air can escape through small cracks or holes. When inspecting your attic, thoroughly check for any openings, even tiny ones. It can be challenging to spot these cracks, so perform the inspection on a sunny day. Turn off the attic light and look for sunlight entering the space. Seal these holes with caulk to retain warm air and protect your home from water and pests.

4. Clean and Organize Indoor Spaces:

While you’re spending more time indoors during the winter months, take the opportunity to declutter and organize your living spaces. Clear out closets, cabinets, and storage areas to make room for seasonal items and donate or discard any unused or unnecessary items.

Annual cleaning has its benefits. First, you can declutter and create more space, making your clothes, cabinets, and storage areas look more organized. Second, it’s a chance to identify and eliminate any fabric moths or other issues in your clothing and belongings before they cause serious damage.

PRO TIP:

Inspect wool or leather coats for signs of moth larvae damage: cobweb-like matting or ½-inch-long cylinders wrapped in fibers.

5. Prepare for Spring Landscaping:

Even though spring is still a few weeks away, now is the perfect time to start planning your landscaping projects. Research local plants and flowers that thrive in Northeast Ohio’s climate and create a planting schedule for the upcoming season. 

6. Test Smoke and Carbon Monoxide Detectors:

Ensure your family’s safety by testing smoke and carbon monoxide detectors monthly and replacing batteries as needed. February is an excellent time to perform this essential task and provide you with peace of mind knowing your home is protected.

The best way to ensure your detectors work like they should is by routinely testing them. Co-detectors, which test for carbon monoxide, should be tested weekly, especially since the gas is odorless, colorless, and can be fatal to breathe in. Smoke detectors can be tested once a month. 

Final Takeaway:

By following these February home maintenance tips, Northeast Ohio homeowners can ensure their homes remain safe, comfortable, and efficient throughout the winter months. Taking proactive steps now can help prevent costly repairs and ensure your home is ready for the arrival of spring. 

Whenever you need a pro to tackle your home maintenance projects, don’t forget to take a peek at our Verified Vendors List for Northeast Ohio! 

2024 Property Taxes in Northeast Ohio

Document with title Property tax on a desk, for Northeast Ohio

How do property taxes work? When buying a home in Ohio, understanding property taxes can be complicated. This post provides information on the dates you need to pay property taxes for the upcoming 2024 season in Northeast Ohio.

Property and Real Estate Taxes in Northeast Ohio for 2024

Understanding Property Taxes

Property taxes are collected by local governments and are determined by the assessed values of land and buildings. These taxes continue to be applicable even after the mortgage is paid off or the residence is changed. It is important to be aware of these ongoing obligations and factor them into your financial plans.

Capital gains taxes are triggered when selling property for a profit. The net proceeds are calculated by subtracting associated costs from the sale price. It’s important to understand how capital gains taxes work and their impact on your financial situation. Properly managing and planning for these taxes can help you optimize your investment returns and minimize any potential liabilities. Consult with a tax professional to ensure you navigate the complexities of capital gains taxes effectively.

Lowering Your Property Tax Bill:

To reduce your property tax bill, there are several strategies you can employ. 

  1. Consider appealing your home’s assessed value if you believe it has been over-assessed. This can potentially result in a lower tax assessment and subsequent tax bill. 
  2. Explore any available tax deductions and exemptions that you may qualify for, such as those for seniors, veterans, or other eligible individuals. 
  3. Take advantage of homestead tax breaks and early payment discounts, which can help to further reduce your overall property tax burden. By implementing these methods, you can work towards lowering your property tax bill and potentially save money in the process.

Expert Advice and Conclusion

Importance of Professional Guidance

Navigating tax laws can be a complex and ever-changing endeavor. For the best tax treatment, it is advisable to collaborate with a trusted tax accountant or CPA. It is crucial to have a thorough understanding of the tax implications associated with buying, operating, and selling investment property. By staying informed and seeking expert guidance, individuals can ensure compliance and make informed decisions regarding their tax obligations.

Bottom line:

Whether a homeowner or real estate investor in Northeast Ohio, navigating the 2024 tax season requires careful consideration of property and real estate taxes. Stay informed, leverage available deductions, and seek professional guidance for a smooth and financially optimized tax filing experience.

For more information and assistance in this complex process, The Young Team is here to help. Contact us today for a seamless transaction.

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Valentine’s Day Dining in Cleveland: Top 5 Restaurants

Cleveland at Dawn

Valentine’s Day is approaching, and it’s the perfect time to celebrate love with a romantic dining experience. If you’re in Northeast Ohio, here’s a curated list of the top 5 restaurants to make your Valentine’s Day truly unforgettable. Make sure to check their availability for reservations on February 14th.

1. Acqua di Luca

   Kick off your romantic evening at Acqua di Luca, featured in Cleveland Magazine’s list of romantic spots. Known for its intimate ambiance and cuisine, this restaurant sets the perfect stage for a memorable Valentine’s Day celebration. Whether you prefer seafood, steak, or vegetarian options, This restaurant has something to tantalize every palate.

2. Marble Room Steakhouse and Raw Bar

   Secret Cleveland spills the beans on another hidden gem for Valentine’s Day dining. Imagine a cozy atmosphere, candlelit tables, and an exquisite menu curated for the most romantic day of the year. Indulge in culinary delights that showcase the chef’s passion for creating a memorable dining experience.

3. Mia Bella Restaurant

   TripAdvisor users have spoken, and this restaurant is a top choice for Valentine’s Day in Northeast Ohio. With glowing reviews praising both the cuisine and the ambiance, this restaurant earns its place on our list. Treat your special someone to a delightful evening filled with culinary delights and impeccable service.

“Our top choice in Little Italy. One of the best in Little Italy. Very busy on Christmas Eve but good service. Our server was rather difficult to understand and after having her repeat items twice we gave up. Cozy and fun atmosphere. Loved everything we ordered. We will most definitely return.”

4. Thyme Table

   Our list wouldn’t be complete without mentioning this rustic and intimate restaurant. As featured in Cleveland Magazine, this restaurant offers a unique blend of flavors in a romantic setting. From appetizers to desserts, each dish is crafted to perfection, ensuring a dining experience that will linger in your heart.

HOT TIP:

Looking to impress your significant other? Treat them to a mouthwatering Lamb Merguez Pasta featuring roasted red pepper, caramelized onion, and squash pecorino. 

Final Takeaway:

Whichever restaurant you choose from our list, you’re guaranteed a Valentine’s Day filled with romance, delectable flavors, and cherished moments. Make your reservation soon, and treat your loved one to an unforgettable dining experience in Northeast Ohio. Cheers to love and exquisite cuisine!

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Tips for a Super Bowl Sunday Party

Beer, Snacks and Rugby Ball on Wooden Table, Football Fan Party Concept in Cleveland

Catch the Super Bowl with your friends and family at the best place in Cleveland – your home. All the restaurants and cafes are jam-packed with fans rooting for their favorite team, so why not just stay at home in a warm and cozy celebration for this Sunday? 

If you are planning to host a party then you can even look for some appetizing Super Bowl food recipes to make it a sporty yet foodie affair. Make it a lovely Super Bowl 2024 Weekend by trying your hands out at interesting games and activities.

1. Plan your screen set-up:

You need to make sure your guests have a clear view of the game and don’t miss out on any move. Set up multiple TVs around the party area, creating 2-3 seating clusters for optimal viewing. Designate an area for dedicated fans to watch without interruptions. Additionally, provide a separate room without a TV for guests who prefer to socialize.

2. Make Everything Grab and Go:

Super Bowl parties are all about the game, the commercials, and, of course, the food! Opt for grab-and-go snacks to keep things convenient and fun. Small, bite-sized portions are perfect, allowing your guests to sample various flavors without missing a moment of the action. Consider creating a snack station with an assortment of treats, from mini sliders to finger foods.

3. Small Portions for Big Flavor:

Ditch the large platters and serve up small portions of delicious dishes. This not only encourages guests to try different flavors but also ensures there’s something for everyone. Think about a variety of appetizers and snacks that cater to different tastes, from spicy buffalo wings to savory sliders and refreshing veggie trays.

4. Utilize Your Space:

Maximize the fun by utilizing every inch of your space. Create designated areas for different activities – a cozy corner for those watching the game, a snack station for food, and perhaps even a gaming area for those who prefer other activities. By organizing your space effectively, you’ll accommodate different interests and keep the energy high.

5. Create a Winning Atmosphere:

Enhance the game-day experience by decorating your home with team colors, banners, and football-themed decor. Consider setting up a photo booth with props related to the teams playing, allowing guests to capture the memories. You could also organize friendly prediction games to engage everyone, even those who may not be avid football fans.

Bonus: Remember to pack some snacks for the kids!!

If children are attending, keep their sodas and juice boxes separate from the adult beverages or in a different cooler. Also, consider making a football-shaped pizza for them. Set up a room with video games and other games.

Bottom Line:

With these tips, your Cleveland home will be the go-to spot for an unforgettable Super Bowl Sunday. Focus on grab-and-go snacks, small portions, and maximizing your space, you’ll create an atmosphere that appeals to every guest. So, gear up, Cleveland homeowners, and get ready to host a Super Bowl party that will have everyone cheering!

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Why Winter is the Perfect Time to Renovate Your Home

Bridge City Church Downtown Cleveland with Snow

Welcome to the season of possibilities! While winter might seem like an unconventional time for home renovations, it holds hidden advantages that savvy homeowners can leverage for cost savings, contractor availability, and more. In this blog post, we’ll delve into the compelling reasons why winter is the best time to embark on your home improvement journey.

1. Avoid Spring Prices:

Budget

 As spring approaches, so do increased prices for construction materials and services. By opting for winter renovations, you can take advantage of off-season rates and stretch your budget further.

Maximizing Space

   Explore innovative ideas on how to make the most out of your existing space. Winter is the perfect time for brainstorming and planning, ensuring you get the most value from your renovation investment.

Contractor Availability

Winter is generally a slower period for contractors, meaning you have a better chance of securing the services of your preferred professionals. This translates to more personalized attention and a smoother renovation process.

2. Convenient Time for Structural Repairs:

During the winter season, when outdoor activities and events are fewer, it presents an opportune time frame for undertaking structural repairs that may otherwise cause disruptions in other seasons. By dedicating your time and attention to enhancing the structural integrity of your home, you can ensure a more secure and comfortable living environment for you and your loved ones.

3. Base Waterproofing:

As the winter season sets in, it is a perfect time to prioritize the waterproofing of your home’s foundation. By reinforcing and fortifying your base during these colder months, you can proactively address any potential concerns and prevent them from escalating into more significant issues in the future. Take advantage of this opportunity to safeguard your home and ensure its long-term durability and protection against moisture and water damage.

According to Ohio Basement Systems, “Make sure these pipes are wrapped so they won’t freeze hard. Ruptured water lines can let water penetrate the concrete slab or flood the crawl space. Remember to disconnect hoses that are attached to the faucets on the outside”.

To prevent problems caused by melting snow and ice, make sure your gutters and downspouts are clear and draining properly. Take a look around your home’s perimeter for any pooling or water accumulation near the foundation. If you notice low spots or water puddles on the exterior wall, jot down the areas and seek help from a local contractor to fix the issue promptly.

By dedicating time to these often overlooked spaces, you can transform them into functional and visually captivating areas that enhance the overall appeal and utility of your home. Whether you envision a cozy entertainment room, an office, or a guest suite, the possibilities are endless. 

4. Best Remodeling Projects for Winter:

Increase the square footage of your home:

If you need more space, think about adding an extension or annex. This can give you the room you need for different purposes, like a home office, gym, or accommodating a growing family. Don’t hesitate to explore making your home more spacious and functional during the winter months.

Update or refinish floors:

Winter is the perfect season to update or refinish your floors, breathing new life into your space. Whether you’re looking to revitalize worn-out hardwood or simply switch up the style, taking the time to give your floors a fresh, new look will create an inviting atmosphere in your home. Embrace the opportunity to transform your living space and enjoy the warmth and beauty of beautifully refinished floors all season long.

Upgrade Bathrooms:

According to Forbes.com, now is the perfect time to take advantage of the season and give your bathrooms a well-deserved makeover. By enhancing both comfort and aesthetics, you can create a relaxing oasis that you’ll never want to leave. From luxurious fixtures to stylish decor, the possibilities are endless:

  • Paint the cabinets
  • Regrout the tiles
  • Lightning fixtures 

Insulate Walls:

One great way to achieve this is by insulating your walls, which not only enhances energy efficiency but also helps to keep the winter chill at bay. By creating a comfortable environment, you can enjoy your time in the bathroom even more, while also saving on energy costs.

Transform your Kitchen

Transform your cooking space with a kitchen renovation that will breathe new life into your culinary adventures. From sleek countertops to state-of-the-art appliances, create an inviting atmosphere where you can unleash your creativity and whip up delicious meals for your loved ones to savor. Embrace the joy of cooking in a stylish and revamped kitchen that will inspire you to explore new flavors and create lasting memories.

Add a home office

Consider adding a well-equipped and comfortable home office to your living space. This dedicated workspace will provide you with the perfect environment for remote work, personal projects, and uninterrupted focus. Set up a desk with all the necessary tools and resources, ensuring a productive and efficient workflow. By creating a designated area for your work or projects, you’ll be able to separate your professional and personal life, enhancing your productivity and overall work-life balance.

Build an Accessory Dwelling Unit (ADU) 

Consider building an ADU on your property to unlock the potential for additional living spaces. ADUs are versatile structures that can serve as guest houses, home offices, or rental units, providing extra space and flexibility to meet your specific needs. With an ADU, you can create a functional and stylish living space that complements your existing property while maximizing its potential. Our experts advise you to budget everything very carefully to avoid overspending.

During winter, the wait time for permits can be significantly reduced as there are fewer homeowners filing. Following actonadu.com, this is true even in parts that have made efforts to shorten the wait time for ADUs.

Homeowners who hire contractors should ensure that the contractor is registered and ask for copies of all permits before work starts. Do not accept the work until it has been inspected by a Building and Housing inspector.

5. Rest and Rebuild:

Winter is a great time for rest and home renovation projects. It’s an opportunity to revitalize yourself and your living space, reflecting on restoring energy and improving comfortability. Take a step back and make the most of this unique time.

Bottom Line:

Embrace the silence of winter and make it the season of transformation for your home. From cost savings to increased contractor availability, the advantages of winter renovations are plentiful. Start planning your dream home improvements today and let the cold months become the backdrop for your home’s stunning evolution.

Whenever you need a pro to tackle your home reparations, don’t forget to take a peek at our Verified Vendors List for Cleveland. 

We’ve got you covered with top-notch professionals ready to make your home shine.

Plus, subscribe to our monthly newsletter to explore the Northeast Ohio Real Estate Market, get the latest team news, and be the first to know about special announcements!

The Power of Teaming Up with a Trusted Agent

Real estate agent showing new home to clients

Property transactions can be challenging when you don’t partner with an experienced agent to navigate the real estate market of Northeast Ohio, whether you’re buying or selling a home, choosing the right professional is crucial for a smooth and successful experience. This article explores key factors to consider when selecting a realtor, the invaluable expertise they provide, and common questions that may arise during the process.

1. Why Homeowners are Hiring a Real Estate Agent:

According to the Zillow Consumer Housing Trends Report 2023, nearly 90% of homebuyers rely on an agent. The majority of buyers (88%) use an agent as a valuable resource for shopping, searching, or buying a home. Among those who work with an agent, 74% hire them to assist in the home shopping and purchasing process. About 26% hire an agent specifically to finalize their home purchase while conducting their search.

The results also show that approximately half (49%) of buyers in 2023 found their agent during the home purchase. In contrast, around 35% relied on real estate apps or websites (21% on mobile apps, 15% on websites). Roughly 16% of all buyers in 2023 found advice from family or friends most helpful in choosing their realtor. The report concludes that in 2023, 50% of homeowners chose agents to list their properties due to their expertise, market knowledge, and network of resources that enhance real estate transactions.

2. How to Evaluate an Agent:

When selecting a real estate agent, it is essential to be sure to partner with someone you trust to guide you through the process. Consider factors such as their experience in the area you are searching in, how many families they’ve helped previously, and what their knowledge is of the entire transaction process. These aspects ensure that you are working with a qualified and dedicated professional.

3. Choosing the Right Realtor:

   Selecting a trustworthy and compatible realtor is paramount. Recommendations from family and friends are valuable in this process. Conduct interviews with multiple realtors, inquire about their marketing strategies for selling your home, and assess their knowledge of the local market. Additionally, seek references and evaluate whether you feel comfortable working closely with the chosen professional.

Pro Tip:

During the interview, inquire about the agent’s approach to the closing process. Do they handle it themselves or have a specialized assistant? This will give you insight into the communication flow after an offer, whether you’re a seller or buyer.

4. Additional Reasons to Partner with a Realtor:

   Beyond the initial selection process, there are numerous reasons to utilize the services of a realtor, including assistance in determining buying power, access to resources for home searches, objective property information, negotiation skills, due diligence during property evaluations, guidance through the closing process, effective property marketing, and the ability to objectively evaluate buyer proposals.

5. Review the Contract:

Before finalizing your collaboration with a real estate agent, carefully review the contract. Understand the commission structure, contract length, and other terms. For sellers, knowing the commission percentage is crucial, as it’s typically paid by the seller. Contracts longer than six months may require further consideration, ensure alignment with your goals and timeframe.

A residential real estate contract review helps ensure the best deal and fair price without hidden risks. Financing terms and home inspection are vital when buying a residential property.

At The Young Team, we offer both our buyers and sellers a worry-free contract. This means that at any point in the buying or selling process, you have the right to void, or cancel, the contract with a 48-hour notice. 

Final Thought:

In Northeast Ohio, the journey of buying or selling a home is significantly enhanced with the support of a qualified and dedicated real estate agent. By understanding the steps to select the right professional and addressing common concerns through thoughtful FAQs, buyers, and sellers can embark on their real estate endeavors with confidence and succeed! 

Connect directly with one of our agents and get started on your journey to better property management.

Subscribe to our monthly newsletter to explore the Northeast Ohio Real Estate Market, get the latest team news, and be the first to know about special announcements!

Winter Home Maintenance for Cleveland Residents

A couple doing winter maintenance to the gutters of the home

Cleveland homeowners, as temperatures drop, it’s crucial to address essential maintenance tasks to ensure your place remains comfortable and secure throughout the season. Don’t get caught off guard by snow and freezing temperatures.

Let’s dive in and discover the must-do tasks:

1. Inspect the Roof and Clear the Gutters:

The harsh winter weather can take a toll on your roof, so start the year right by inspecting it for any signs of damage. Clearing out gutters is equally important to prevent ice dams and water damage. 

2. HVAC System Servicing:

To keep your home warm and cozy, schedule a professional service for your HVAC system. Regular maintenance ensures it operates efficiently, providing you with a reliable source of warmth throughout the winter months.

Cleveland’s winter season means heating 24/7. It is important to schedule a professional HVAC system checkup. Regular maintenance will help ensure that your heating system operates efficiently, which is essential for keeping your home warm and your energy bills in check. Replace air filters, clean ducts, and consider installing a programmable thermostat to manage your home’s temperature effectively.

3. Snow Removal:

Living in Cleveland means dealing with snow, and regular removal is key to maintaining a safe and accessible property. Whether you handle it yourself or hire a service, staying on top of snow removal helps prevent slips and falls.

4. Leak Prevention and Detection:

Winter can bring hidden challenges, including leaks. Check your windows, doors, and other potential entry points for drafts or leaks. Addressing these issues promptly can save you from potential water damage and increased energy bills.

5. Check Your Smoke & CO Detectors:

According to logan-inc.com safety should always be a top priority. Take a moment to ensure your smoke and carbon monoxide detectors are in working order. Replace batteries if needed and run a test to guarantee they provide the protection your family deserves.

6. Declutter and Organize Your Closets

After the busy holiday season, it’s a great idea to clean out unnecessary items from your home in January. Collect clothes, shoes, home decor, old electronics, and more that you no longer use and donate them to a local Goodwill, or shelter. By getting rid of excess clutter, you’ll feel great and make a difference in your community.

7. Clean Your Kitchen Pantry

When was the last time you checked the back of your pantry? Take some time to review the expiration dates of the food in your pantry and refrigerator. Remove expired items from your cabinets and consider donating food that is still within the expiration date but not being used or in excess to a local shelter.

Bottom Line

As you embark on these winter maintenance tasks, no matter your home goals, The Young Team has your back. Whenever you need a pro to tackle your home maintenance projects, don’t forget to take a peek at our Verified Vendors List for Cleveland.

We’ve got you covered with top-notch professionals ready to make your home shine.

 Request a home value today to discover how our team solutions can benefit you and your unique property. Or, connect directly with one of our agents and get started on your journey to better property management. 

 Your home deserves the best care, and The Young Team has your back every step of the way!

Plus, subscribe to our monthly newsletter to explore the Northeast Ohio Real Estate Market, get the latest team news, and be the first to know about special announcements!

Get down payment assistance for first-time homebuyers.

Down payment assistance written on a model of home

Ever find yourself daydreaming about owning your own home but feeling stuck when it comes to saving up for that down payment? We want to introduce the CCM Community Promise program from CrossCountry Mortgage. It’s designed especially for first-time homebuyers like you, making the journey to homeownership a whole lot smoother.

What’s the CCM Community Promise?

The CCM Community Promise program means they offer you $6,500 in down payment assistance. It’s a good way of helping first-time homebuyers in certain neighborhoods here in Northeast Ohio make their homeownership dreams come true. We’re all about breaking down those financial barriers and empowering you to take that big step.

Connect with one of our experts today to begin your search.

Eligibility and How to Apply

To grab that $6,500 in assistance, you just need to live in an eligible neighborhood when you apply for your home loan. The best part? While you’ve got to live here to qualify, you can choose a home anywhere in the U.S. Ready to kickstart your journey? Head to our website to find a loan office near you and get the ball rolling.

More eligibility information is available from your CrossCountry Mortgage loan officer.

What is a Down Payment Assistance (DPA) program?

Wondering how down payment assistance works? It’s like a helping hand to get you into your dream home faster. We’re talking about cash grants and secondary loans designed just for first-time buyers like you. It’s a shortcut to homeownership, letting you save upfront and maybe even get into a more awesome home with better loan terms.

The Pros and Cons

Is down payment assistance your perfect match? Let’s weigh the options:

Other Assistance Programs:

The most common assistance program is the FHA loans, managed by the Federal Housing Administration (FHA). They help buyers by insuring their loans, which allows lenders to offer lower down payments and closing costs. FHA loans can benefit first-time homebuyers, seniors, and mobile home buyers. 

To be eligible for an FHA loan, your credit score doesn’t need to be high, but the home must fall within FHA loan limits based on its location. You will also need to qualify for a loan with an FHA-approved lender. 

Get in touch with a FHA-approved lender in Northeast Ohio

Bottom line

It’s time to take that leap into homeownership! Apply now for the CCM Community Promise program and snag $6,500 in down payment assistance. At The Young Team, we’re committed to helping you reach your homeownership goals and making the process smooth for first-time buyers. 

Your dream home is waiting – let’s make it happen together! 

Discover your ideal home in Northeast Ohio with thousands of listings to choose from. 

Let us help you find the perfect one for you.
  1. Disclaimer: The sample rates provided are for illustration purposes only and are not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. CrossCountry Mortgage, LLC cannot predict where rates will be in the future. The payment example does not include assessments. Actual payment obligations may be greater and may vary. Mortgage Insurance Premium (MIP) is required for all FHA loans and Private Mortgage Insurance (PMI) is required for all conventional loans where the LTV is greater than 80%. Rate(s), APR(s), and payment info are valid as of 12/14/2022 and assume a first lien position, 740 FICO score, and 25-day rate lock, based on a single-family home. All terms are subject to change without notice. Loans are subject to underwriting guidelines and the applicant’s credit profiles, not all applicants will receive approval. Contact CrossCountry Mortgage, LLC for more information. Available for conventional, FHA, VA, and USDA loans only. Equal Housing Opportunity. All loans are subject to underwriting approval. Certain restrictions apply. 

5 Things to Do During Winter in Northeast Ohio

Lady in a winter sled having fun during winter in northeast, Ohio.

Experience the best of Northeast Ohio winter fun! From tobogganing to shows at Playhouse Square, Cleveland has something for everyone. Don’t miss out on these unforgettable memories as we embrace the colder weather. Join us in exploring the top activities in the Buckeye State. 

1. Cleveland Metroparks:

Experience a stunning light display presented by NOPEC at Cleveland Metroparks Zoo. Enjoy enchanting scenes and create a magical evening surrounded by wildlife and holiday cheer.

For an adrenaline rush, try tobogganing at Cleveland Metroparks! The Chalet and Millstream Run Reservation in Strongsville offers an exciting experience with 700-foot refrigerated chutes. Experience the exhilarating ride through the snow until late February.

2. Cleveland Foundation Ice Skating Rink at Public Square

Lace-up your skates and glide under the shadow of the Terminal Tower at Cleveland’s picturesque ice rink. Open from Nov. 25 to Feb. 21, this 5,000-square-foot rink is the perfect spot to embrace the winter wonderland in the heart of the city. 

3. Boston Mills/Brandywine Ski Resorts:

Embrace the thrill of winter sports at Northeast Ohio’s premiere ski and snowboard resorts. With three black diamonds, a terrain park, and snow tubing, Boston Mills/Brandywine offers endless opportunities for snowy adventures just minutes apart.

4. Snowshoeing at the Holden Arboretum:

Experience the winter beauty of Holden Arboretum with snowshoeing. Traverse frozen lakes, winter gardens, and woodland forests. Connect with nature in a serene and peaceful setting.

5. On Stage at Playhouse Square:

If you’re not interested in outdoor sports and adventures, Cleveland also offers a variety of plans for indoorsy people who love a cozy and warm environment full of stories. At Playhouse Square, you can find Broadway shows, concerts, dance performances, and comedy acts that will leave you in awe.

Playhouse Square is a renowned arts district that creates unforgettable memories and fosters dreams. They are dedicated to providing exciting entertainment experiences and, as a result, have become the custodians of the vibrant downtown district. With over 1,000 annual events, they utilize the arts to engage individuals and attract over one million guests per year.

6. The Rock and Roll Hall of Fame:

Known as the “birthplace of rock ‘n’ roll,” Cleveland is home to the iconic Rock and Roll Hall of Fame. This museum celebrates the history and evolution of this beloved music genre with interactive exhibits, artifacts, and live performances. It also pays tribute to the artists who have shaped the industry and immortalized themselves in its history.

Check out immersive exhibits that spotlight your favorite artists and celebrate the music that resonates across generations.

7. Cleveland Museum of Natural History:

The Cleveland Museum of Natural History is reinventing the Museum experience with an expansion, a complete reimagining of its campus and all its exhibits, and the addition of new public spaces.

Our showing partner, Elana Cohen suggested we visit the Museum’s extraordinary new Visitor Hall opened to the public last October. The Visitor Hall showcases some of the most beloved attractions, including dinosaurs, early human ancestors, heroic dogs, and even the Moon Rock. This community space is free to all! 

*A general admission ticket is required to unlock other Museum experiences.

Bonus:

Fat Tuesday at Rudy’s Strudel & Bakery:

Warm up your winter with a delicious tradition at Rudy’s Strudel & Bakery. On Fat Tuesday (Feb. 21), join fellow Clevelanders in lining up before dawn to savor the delectable paczki, a sweet and savory treat worth the early wake-up call.

Takeaway:

Embrace the winter chill and make the most of the season with these Northeast Ohio winter activities. From festive lights to heartwarming traditions, Cleveland has everything you need to create lasting memories in the snow-covered landscape. Bundle up, step outside, and let the winter adventures begin!

2024 Mortgage rates 

Men with a jenka house and one of the pieces is the mortgage.

As homebuyers proceed cautiously and housing inventory decreases, the important question is: Will interest rates stay the same or go down? To comprehend the mortgage rates for 2024, we must examine the changes in the housing market in 2023. In this blog post, we will analyze predictions from various experts on mortgage rate trends, insights from 2023, current mortgage rates, and determine if 2024 is an ideal time for refinancing.

Home loan rates are determined by a combination of market conditions, such as inflation, economic growth, the Federal Reserve’s monetary policy, the housing market, mortgage-backed securities (MBSs), and the yield of the 10-year Treasury Bond. While some may believe that the Federal Reserve solely sets mortgage rates, it is important to note that their policy is just one of the many factors that influence these rates.

2023 a year of big changes:

Mortgage rates started descending at the end of the second quarter of 2023, according to Bankrate.com, “One key reason for the reversal: The Federal Reserve signaled it’s done raising interest rates and will begin lowering them this year. As a result, investors bid down 10-year Treasury yields, which serve as an informal benchmark for 30-year fixed mortgage rates.”

Another factor that influenced the decrease in mortgage rates was inflation. Sources confirm that in November, the Federal Reserve managed to reduce inflation by 3.1%, thereby alleviating the pressure on mortgage rates.  

As inflation cools down and the Fed keeps lowering interest rates, mortgage rates may decrease slightly, possibly reaching 6% as the year progresses. However, our experts advise buyers not to expect rates as low as 3%.

The Mortgage Bankers Association provides diverse insights into the trajectory of mortgage rates. While some anticipate rates reaching 7%, others foresee a gradual decline to 6-6.5% by spring. 

As of January 2024, the average mortgage rate for a 30-year fixed is 7.12%, a significant increase from the 3.22% recorded in early 2022. Similarly, 15-year fixed rates have risen to 6.55%. In the current environment, adjustable-rate mortgages (ARMs) may offer more affordability, with the latest 5/1 ARM average at 6.04%, according to Inman.com.

Is 2024 a Good Time To Refinance?

According to Matt Vernon from Bank of America, the choice to refinance in 2024 is influenced by several factors, especially interest rates. If you obtained a mortgage during the historically low rates of 2020-2021, it might not be the best time to refinance in 2024, considering the current rates. While refinance applications are still low, the possibility of lower rates in uncertain economic conditions could impact the decision.

Consult with your local loan officer to learn about offerings that can help combat high-interest rates.

Current Mortgage Refinance Rates (January 2024):

For those considering refinancing, the average rates for January 2024 are as follows, according to Forbes.com:

  • 30-year fixed: 7.21%
  • 15-year fixed: 6.75%
  • 30-year jumbo: 7.32%
  • 5/1 ARM: 5.96%

What Do Current Rates Mean for Refinancing in 2024?

While refinance activity has shown signs of life amid declining rates, overall volume remains historically low.

How To Shop For the Best Mortgage Rate:

To secure the best mortgage rate, prospective buyers should:

1. Keep a close eye on changing rates.

2. Check and improve their credit score to enhance creditworthiness.

3. Shop around and compare offers from multiple lenders to find the most favorable deal.

PRO TIP:
When comparing home loans, it’s important to ask for the APR (Annual Percentage Rate). This way, you can accurately assess the cost of each loan and make an informed decision.

Final thoughts:

The increase in mortgage rates, which hasn’t been seen since 2000, has had a significant impact on the U.S. housing market. The Federal Reserve’s response to inflation by raising interest rates is a key factor. Insights from experts provide perspectives on these challenges. Despite the uncertainty, there is still a possibility of rate cuts. 

As mortgage rates continue to evolve in 2024, it’s crucial to stay informed and consider individual circumstances. Whether you’re thinking about a new mortgage or considering refinancing, understanding the current market dynamics is essential for making informed decisions in the ever-changing real estate environment. 

Apply now to find the ideal loan program and become a homeowner in 2024.