RealEstateRama Property, Rentals, Transactions
There were 3,116 central Ohio homes and condos sold during the month of August, a 4.8 percent increase over the previous year and a 1.5 percent increase over July. This was the highest number of closed sales for the month of August ever recorded and the second highest month for 2016, according to the Columbus REALTORS® Multiple Listing Service.
The number of homes for sale in central Ohio rose 8.3 percent to 6,402 in July 2016 compared to the previous month. Despite being down almost twenty percent from last year, it’s the highest level of inventory seen in 2016 according to the Columbus REALTORS® Multiple Listing Service
There were 3,091 central Ohio homes and condos sold during the month of May, a 15.7 percent jump over April and a 2.4 percent increase over May 2015. Year-to-date sales (January through May) were 11,464 which is the highest on record for the first five months of the year according to the Columbus REALTORS® Multiple Listing Service
Charges filed regarding cash bribes and kickbacks between contractors and Cleveland Housing Network official,...
Criminal charges were filed in federal court alleging cash bribes and kickbacks between contractors and a Cleveland Housing Network official, as well as improper lead abatement practices at several renovation projects, law enforcement officials said.
Groffre Investments has received a covenant not to sue under Ohio EPA’s Voluntary Action Program (VAP) after investigating and remediating the former J&L Steel Lagoons property in Louisville.
Although central Ohio home sales set record highs during the first three months of the year, distressed property sales were the lowest recorded since January of 2010, when Columbus REALTORS® began tracking distressed housing activity.
In 2015, residential real estate experienced its best year since the Great Recession ended in 2009. Although inventory could still use a jolt, demand was healthy throughout the year and there was enough supply to keep the engine strong.
Sales, prices and time to sell a home set records again during July 2015. The 3,208 home sales last month were up 1.9 percent over the previous month (June 2015) and up 11.7 percent from July of 2014. This also set a record high for any single month of home sales in any year according to the Columbus REALTORS® Multiple Listing Service (MLS).
The 800 lender-mediated properties listed for sale during 2Q-2015 in central Ohio was down by almost half from one year ago, but up slightly (1.7 percent) from the previous quarter.
There were 2,926 central Ohio homes and condos sold during the month of May, a 17.8 percent increase over April and an 8.4 percent gain over May 2014. This puts the total number of homes sold for 2015 at 10,531, which is highest number of homes sold on record for the first five months of the year, according to the Columbus REALTORS® Multiple Listing Service
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided two loans totaling $17 million to refinance two retail shopping centers located in Ohio. The loans were arranged through Hunt Mortgage Group’s Proprietary Loan team, the firm’s new balance sheet lending platform.
Two local organizations and the city of Xenia have received a covenant not to sue under Ohio EPA’s Voluntary Action Program (VAP) for the former Ohio Veterans’ Children’s Home property located at 690 Home Ave., Xenia.
Residents of Grandview Heights do not need to be concerned if a disaster strikes at any point of time. There is this one company named Neverman Construction Co. that has been around since 2000 and is rightfully one of the best and reputed local disaster restoration specialists that homeowners can rely blind folded.
Bill Gabbard, lead agent for The Gabbard Team, listed the Lebanon, Ohio commercial real estate property for sale. The building located at 2055 South State Route 42 in Turtle Creek Township sits on 5.6 acres of land.
The Gabbard Team represented the buyer in this real estate transaction. The home is located at 4420 Stockholm Lane Cincinnati, Ohio 45244. The home was listed for $78,000 and sold for $75,000.
Central Ohio saw a healthy increase in contracts and closings last month despite the lagging number of homes for sale in central Ohio.
This week, Congressman Bob Latta (R-OH) voted in favor of legislation designed to improve upon current tax policy and ensure taxpayers’ hard-earned money is being used responsibly. One piece of legislation in particular is H.R. 1105, the Death Tax Repeal Act of 2015, which was passed by the House of Representatives today and is similar to legislation Congressman Latta introduced earlier this year: H.R. 725, the Permanently Repeal the Estate Tax Act of 2015
Congresswoman Marcy Kaptur voted against legislation that passed in the House last night to raise interest rates on homeowners and expose many consumers to predatory lending practices that are currently prohibited by the Consumer Financial Protection Bureau (CFPB). These Republican proposals, H.R. 650 and H.R. 685, would reclassify certain types of manufactured housing to allow real estate and financial services companies to push their customers into predatory and high-cost lending and insurance.
Two development companies associated with the University of Dayton have received a covenant not to sue under Ohio EPA’s Voluntary Action Program (VAP) for a University of Dayton West Campus property located at the southwest corner of Stewart and Main streets in Dayton.
Senate Bill 99 protects buyers from any delinquent water bills that are not registered with the County Auditor at the time they purchase a home.