WVXU airs a flawed report on the state of Cincinnati Real Estate Today WVXU aired a piece citing the fact that Cincinnati is in the bottom 20 cities in the RealtyTrac Housing Market Recovery Index. While the RealtyTrac report is data driven and evidence based it is narrow-sighted and focuses on … [Read more...]
New REITs are Betting on Local Real Estate Markets
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...]
Are Foreclosures in Ohio Impacting the Real Estate Market Disproportionately?
Without a doubt the influx of foreclosures are is putting downward pressure on real estate prices nationwide. However, in Ohio is it a disproportionately higher problem than the rest of the country? We looked over at a post from The Mortgage Reports for some insight and a great graph. It turns out … [Read more...]
The Rich are More Likely to Default on Mortgages
Recent research shows that 1 in 7 American with home loans of more than $1,000,000 have missed 3 consecutive mortgage payments. According to marketplace.org only 1 in 12 of home owners with loans less than $1,000,000 are in seriously deliquent. Large mortgages, called Jumbo loans, often carry a … [Read more...]
Living Rent Free After a Foreclosure
In a sign of the times, more and more Americans are living in their homes post-foreclosure. An article in RSI media details the growing phenomenon and attributes the situation to the volume of foreclosures that have washed over the banks and the fact that they were not prepared to process … [Read more...]
New Home Affordable Foreclosure Alternatives Program Rules Impact Cincinnati Real Estate Market
The Federal Government has recently implemented another program designed to assist home owners in financial trouble. The government has already rolled out the Making Homes Affordable Modification Program (HAMP) designed to help homeowners modify their mortgages. The new Home Affordable … [Read more...]
Cincinnati Realtor Foreclosure and Short Sale article featured in David’s Voice
This month I contributed a feature to the online magazine David's voice. I had the opportunity to share my thoughts on purchasing forclosures and short sales with their audience. I am allways very clear with my clients when they ask to see short sales and foreclosures because they are unlike … [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...]
Cincinnati is Facing the Mortgage Crisis
Cincinnati's local public radio station WVXU is running a series of articles and providing counseling and services to those facing a crisis with their mortgage. They have done a very good job of providing reliable and direct information to those facing the hardships of foreclosures and are providing … [Read more...]
Previous refis increase sellers’ tax obligations
This article by Bernice Ross from Inman News highlights important information if you are considering a short sale. I did not condense it because the original content is excellent. This article pertains to real estate in Cincinnati and around the country. DEAR BERNICE: We are upside down and are … [Read more...]
