In a sign of the times, large Real Estate Investment Trusts are forming specifically to invest in local real estate. This time they are not buying up exotic mortgages like they did in the early 200's, but instead they are buying up actual houses. Local investors may soon find them selves biding … [Read more...]
How The Wasson Way Project will impact Hyde Park real estate
The Wasson Way project is a citizen driven effort to transform miles of unused railroad tracks into public walking and bike paths. The Wasson Way would go 6.5 miles (3.5 miles inside Cincinnati and 3.0 miles outside City limits) from Xavier University, through the neighborhoods of Norwood, Evanston, … [Read more...]
Prefabricated homes in Cincinnati
It is not typical to see prefabricated homes in Cincinnati. Our local real estate market never saw a demand form them and the topography can make it difficult in some locations with hills. However it is time to recognize that pre-fab stands for pre-fabulous. The drive to build green homes is a … [Read more...]
Banks are now Demolishing Foreclosures
In an effort to reduce costs and some banks are now demolishing foreclosures. In certain cities around the country banks are donating homes to municipalities that condemn and demolish decaying houses. Improving the Housing Stock by Reducing Inventory The theory is that if you can demolish the … [Read more...]
New Cincinnati Real Estate Construction in Over The Rhine
There is positive news this week as additional construction in Over The Rhine add mixed income real estate into the Cincinnati market. While the market is down, nearly all of the units (8/11)in Phase 1 have been pre-purchased according to yesterday's newscast on wvxu. The development … [Read more...]
Cincinnati to Become the Home to American Sign Language Research
The Cincinnati based American Sign Museum is actively making a push to further develop research and understating of American Sign language. The plan calls for moving the museum into a new larger space in January 2012. Tod Swormstedt is the museum director and founder and thinks that with the city's … [Read more...]
Cincinnati Developers Default on Subdivisions and Strand Homeowners
Over the past two years numerous Cincinnati developers defaulted on subdivisions and stranded homeowners with 1/2 finished communities. The primary cause is the slowed pace of new construction growth and the tightening of credit. Cincinnati.com highlights a common practice that allows land … [Read more...]
Housing Shortage in Cincinnati and Nationwide
According to an article in CNN there is an impending housing shortage. The recession has stopped, or delayed new home construction and purchases, but the demand will reemerge when the recovery comes. Unlike in years past, home builder may not be able to meet the demand as quickly. The home … [Read more...]
Its ok for Wall Street to Walk Away From a Mortgage so Why Not You?
When an investment corporation defaults, or walks away, from a property it is called a strategic default. When a home owner can no longer afford their mortgage they foreclose. Somehow there has been tremendous stigma placed on the homeowner that has to go into foreclosure, while large corporations … [Read more...]
Corporate Foreclosures and Individual Foreclosures
In recent weeks major real estate developers have been walking away from properties because like many home owners, they are underwater on their mortgages. Tishman Speyer Properties gave up the 56-building, 11,232-unit Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan, turning … [Read more...]
