Dayton home values are up, and foreclosures are down, but what does that really mean?

In addition to hosting this site, TheBrickRanch.com, I also share Dayton real estate information at the regional website, DaytonMostMetro.com. The best of Dayton- events, Things-to-Do, arts, culture, restaurants, Dayton lifestyles, etc, you can find it there. I have the honor and pleasure of writing the real estate column there.

My latest post discusses the recent news that home values in Dayton Ohio were up last year, up 11%- best gain of the 50 major metro areas- and the number of foreclosures in Dayton went down, this indicates that we are seeing some stabilization for the overall area.

Before we break out the champagne and start singing Happy Days are Here Again, allow me to be the wet blanket. First things first, this report takes the entire Greater Dayton area into consideration, and as I say with every post,neighborhoods vary so what happens in Santa Clara is not what is happening in South Park which is not what is happening in Tara Estates or Carriage Trails. Okaythen, back to the news and what this means for us as a region. I think this means we are showing signs of some stabilization. We have likely reached the bottom and can now focus on stabilizing our real estate values as a region, although some neighborhoods are going to continue to be hollowed out with foreclosures, vacancies, and demolition. As I said last week, land banking and planned demolition will become a integral part of Dayton’s future for at least the next few years, but I think we can figure longer. I wish it were not so, but I’ve not seen any other way for cities to aggressively fight the combined problems of shrinking population and deteriorating and aging  housing stock.

You can read the whole post, here.

You May Also Like…

Finding LGBTQ-Friendly Senior Housing

Finding LGBTQ-Friendly Senior Housing

A Place For Mom has excellent advice on how to find assisted living and senior housing for LGBTQ residents. This is a real concern. It’s not uncommon for someone who is a senior to have lived an open life. Why would they- why should they- go back to a life of hiding who they are?

Why This Real Estate Market Is Not Like 2008 Again

Why This Real Estate Market Is Not Like 2008 Again

Why This Is Not Like 2008 Again During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy....

6 Foundational Benefits of Homeownership in Huber Heights Today

6 Foundational Benefits of Homeownership in Huber Heights Today

Buying a home in Huber Heights is also an investment in your financial future.

Net Worth: Homeownership builds your net worth. Today, the median household net worth of all homeowners is $254,900, while the median net worth of renters is only $6,270.
Financial Security: Equity, appreciation, and more predictable monthly housing expenses are huge financial benefits of owning a home. Homeownership is truly the best way to improve your long-term financial position.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *