2018 Ohio Real Estate Market Predictions

Perhaps surprisingly, Ohio is the country’s 7th most populous state, and the 10th most densely populated state in the country. Its scenic rolling hills and idyllic farms mask that it has bustling cities, booming suburbs, and a lot of people. For those who thought Ohio was simply a land of farms in sprawling interstate, there are a few things to learn. In real estate, location is everything, and Ohio’s position as a link between the … [Read more...]

2015 Ohio Housing Market Predictions

The Ohio Housing Market has seen an increase of 1.7% in the past year and the good news seems to be here to stay: according to the Zillow 2015 housing market predictions, it will continue to rise by 2.6% in the time interval from May 2015 to May 2016. Investors looking at the current Ohio real estate market have all the reasons to place their confidence in the growing value of their potential assets. This is good news for people looking to sell … [Read more...]

Foreclosures Rise 18%

The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April. The drop apparently developed as a result of moratoriums on foreclosures by the … [Read more...]

2013 Ohio Housing Market

Ohio´s 2013 real estate outlook depends on the type of real estate being discussed, according to the Columbus chapter of the Urban Land Institute. A recent report from the organization indicated that Central Ohio´s market should grow in general through 2013. However, “it varies by sector,” said Jung Kim, Programs Committee Co-Chair at ULI Columbus. “Multifamily, especially on the rental side, is going to continue to do well. Medical office is … [Read more...]

Top Housing Market Winners in 2009

You might look at the list of the annual Top Housing Market Winners in 2009 and think twice about some of the winners. But then again it's been an extremely challenging year in real estate. Home sales in the Top 10 markets got a great improvement towards the latter half of the year with help from lower housing prices, extremely low mortgage rates and the federal government's first time buyers' tax credit. Sales volume data is compiled from the … [Read more...]

National Real Estate Prices Forecast to Deflate Further

Scrambling to find a bottom, the U.S. real estate market is falling further and further in most areas of the country. Home prices nationally will deflate an average of more than 8% in 2008, according to the Housing Predictor forecast. The real estate crisis, triggered by an over supply of new creative financing programs and a record level of mortgage fraud is deflating at the fastest clip since at least the Great Depression in an over-whelming … [Read more...]

Best Housing Markets in 2010

*Note: To access the latest "Best 25 Markets" select Top 25 Markets from the menu on the left. More housing markets are forecast to experience appreciation in 2010 as the nation's real estate markets move closer to stabilization. The Best 25 Housing Markets named annually by Housing Predictor hold the strongest likelihood of housing inflation of all 250 market predictions issued. Despite the weak economy, home sales are increasing in the … [Read more...]

Declining Foreclosures Bring Better Times

By Mike Colpitts Foreclosure activity declined 25% in the nation’s most populated state, California from one year ago in July, but the Golden State holds the distinction of having more foreclosures than any other. In fact the two highest foreclosure states, which are California and Arizona, are down in foreclosure filings. Nevada, which had been at the top of the list more than five years until earlier this year when the state imposed a new … [Read more...]

Foreclosures Jump Resumes After Robo-Signing Slowdown

By Mike Colpitts Foreclosure starts rose for the first time in more than two years in May, signaling a resumption of formal bank repossessions of homes with mortgages in default after months of slower foreclosures. Initial filings were lodged against 205,990 U.S. residential properties, according to RealtyTrac. The increase accounted for a 9% hike in bank filings for the month after lenders resumed preparations to take back properties … [Read more...]

Shadow Inventory Declines, But Still Looms

By Mike Colpitts The shadow inventory or the number of homes that lurk uncounted by banks and other mortgage lenders in the abyss of the troubled housing market is shrinking as banks offer more troubled homeowners, including landlords short sales for the first time since the U.S. housing crisis started. Estimates of the shadow inventory, the number of homes that are likely to end up in foreclosure, range from about 1.6 million by CoreLogic … [Read more...]