As housing market booms, real estate agents counsel caution

As housing market booms, real estate agents counsel caution

MIAMI VALLEY — The tornadoes that struck the Miami Valley on Memorial Day destroyed homes and and damaged other structures beyond redemption. In Celina, for example, Mayor Jeff Hazel said that the tornado damaged 103 buildings and more than 40 needed to be torn down.

Now, many weeks later, insurance companies are issuing checks to cover the cost of the destroyed home, allowing those with certain policies to rebuild the home or replace it altogether.

Content Continues Below

In addition, many families are eager to move into a permanent home after weeks of creating a housing boom. In the Dayton area, many homes are only staying on the market 24-48 hours.

News Center 7’s Letitia Perry was in Oakwood this morning speaking to Jan Leverett, President of the Dayton Board of Realtors.

Leverett pointed out that the hottest real estate markets right now are those with high-ranking school districts, such as Oakwood, Beavercreek and Kettering, as well as those in the northern parts of Montgomery County like Vandalia and Northmont.

However, Leverett also advised home buyers not to be too hasty to buy. Instead, she said buyers should get a realtor, get financial counseling and get a plan. The most important thing is to take your time and find the right fit for you.

To help with those steps, there is a free “home buying seminar” later today at the Garden Inn in Beavercreek, beginning at 6 p.m.

For more of the latest news, tune in to WHIO-TV or click here to learn how you can watch.