housing

WYSO/Lewis Wallace

A story in Bloomberg earlier this week found that hedge fund Magnetar has bought up a significant chunk of the rental stock in Montgomery County’s Huber Heights—and then requested a major reduction in those properties’ values. That reduction, if approved, could affect the city’s taxes and levies.

Home sales numbers are out for September, and the greater Dayton area shows an increase of 21 percent compared to September of 2012. The dollar volume in the first nine months of the year, $1.3 billion, also increased 21 percent compared to the first nine months of 2012.

Nancy Farkas of the Dayton Area Board of Realtors says she sees the most growth in places like Kettering, Centerville and Beavercreek. But overall, she says the outlook is positive across the board.

Diana Parkhouse

The number of homes sold in Ohio in August has hit a new high, and, home sales are maintaining a steady, upward trend in the Dayton area as well.

 From July to August in the Dayton market, there was virtually no change in the number of properties sold. But compared to the same time last year, sales volume was up by 19%.

Guaranteeing access to affordable rents was among pressing housing topics local and national experts and policymakers addressed at an Ohio Statehouse forum.

The Bipartisan Policy Center Housing Commission sponsored the Tuesday event, headlined by U.S. Rep. Pat Tiberi.

The forum highlighted policy recommendations for the housing sector contained in a report the commission issued in February.

Home sales in Ohio moved up for the 25th straight month and that’s seen by some as a positive indicator for the state’s economy.  

In July more than 13,ooo homes sold; a 25.8 percent increase over sales reported a year ago at that time, and July’s highest sales figures since 2005.

Nearly 1 in 4 Ohio mortgages are underwater, according to numbers from real estate data company Zillow Inc. US Senator Sherrod Brown says that’s why he’s introducing legislation to speed up what’s known as short sales.

The National Fair Housing Alliance (NFHA) and four of its member organizations announced yesterday, they are filing a federal housing discrimination complaint against Wells Fargo Bank. The complaint will be filed with the U.S. Department of Housing and Urban Development. It's the result of an undercover investigation, and the Housing Alliance says major American banks like Wells Fargo are failing to maintain and market Real Estate Owned (REO) properties in African-American and Latino neighborhoods.

Diana Parkhouse

A report focusing on single-family home and condo sales indicates Dayton Home prices grew rapidly in the last four months.  According to Clear Capital’s quarterly Home Data Index, local home prices rose by 6.3 percent.  Only Phoenix Arizona saw a higher climb in home prices.

Funds from the US Department of Housing and Urban Development are providing some additional support for the homeless. WYSO’s Jerry Kenney has the details.

Nearly $700,000 dollars are coming to Montgomery County HUD agencies. Debbie Watts Robinson is CEO with Miami Valley Housing Opportunities.

MVHO received $325,000 in grant money – that will go towards the purchase of 12 housing units for single adults with disabilities.

WARRENSVILLE HEIGHTS, Ohio (AP) - A bipartisan group of Ohio and Michigan members of Congress is asking President Barack Obama to help communities in the two states deal with abandoned and vacant homes.

In a letter dated Monday, the 16 lawmakers say stressed local governments need federal support to demolish decaying properties on a large scale.

The letter says weak housing markets in Ohio and Michigan have been devastated by slow population growth. The lawmakers say it's estimated Ohio has more than 70,000 empty homes in such bad shape that they need to be torn down.

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