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.
There’s some positive news for the Dayton housing market- home sales are at a five year high. The numbers are the most for the month of June since before the economic downturn began in 2007.
According to a new report from the Dayton Area Board of Realtors, home sales were up 24% from the same time last year. June is typically one of the stronger months for home sales. The prices of homes are also on the rise with an average sale price of just over 142 thousand dollars, a 10 percent increase from the same time last year.
Foreclosed and Vacant Home on Wabash Avenue in Dayton’s Mount Vernon Neighborhood.
Credit City of Dayton
Several legislative acts since 2008, such as the Housing and Economic Recovery Act (HERA), and the American Recovery and Reinvestment Act (ARRA) provided billions of dollars for Neighborhood Stabilization Programs across the country. From the HERA program alone, the city of Dayton, Kettering, and Fairborn together received 29.3 million dollars; of that, 19 million went to Dayton, and they’ve used about 3.5 million to purchase and rehab foreclosed homes.
TOLEDO, Ohio - A trade group reports Toledo showed the most improvement among the state's six biggest housing markets during July.
The National Association of Realtors says Toledo had a higher increase in home prices, a bigger drop in homes on the market and a shorter average sale time than Akron, Cleveland, Cincinnati, Columbus and Dayton.
Toledo Board of Realtors President Ed Sitter tells The Blade the report confirms "positive signs," including agents saying some homes are drawing multiple offers.