Drexel Real Estate News
Real Estate news for Drexel, OH continually updated from thousands of sources.
Jul 14, 2016 | via National Mortgage News
An $8 million state allocation should help demolish about 500 dilapidated homes in local neighborhoods in order to prop up property values and prevent the spread of foreclosures. Housing blight remains a big community challenge nearly nine years after the housing bubble burst, which caused home prices to plunge and led to a wave of housing abandonment. Comment?
Jun 23, 2016 | via Toledo Blade
Even as housing is becoming more affordable in the United States, housing in Lucas County has become less affordable compared with historic norms, according to a new report by real estate data firm RealtyTrac Inc. In its second quarter home affordability index, released Thursday, Lucas County scored a 98, down from 101 a year ago and also down from 113 in the first quarter. The report analyzed median home prices from recorded sales. Comment?
Mar 30, 2016 | via Toledo Blade
Lucas County is one of the better markets nationwide for those who invest in single-family houses for use as rental properties, a new report shows. THE BLADE Lucas County is one of the better markets nationwide for those who invest in single-family houses for use as rental properties, a new report shows. Comment?
Oct 20, 2015 | via National Mortgage News
Foreclosure activity continues to decline in Ohio, but a recent spike in foreclosure filings locally and in other parts of the country reflects a national housing market that hasn't fully recovered from the crisis that set off the Great Recession more than seven years ago. The number of Ohio properties with foreclosure filings -- such as default notices, scheduled auctions and bank repossessions -- fell by about 9 percent in the third quarter, compared to the July-August period a year ago, according to California-based housing analytic firm RealtyTrac. Comment?
2 hrs ago | via National Mortgage News
Metro Toledo, Ohio, and three other other cities are among the worst areas in the country when it comes to the percentage of homes still "seriously" underwater. That's not from flooding but what is called negative equity, which is when the amount owed on the home's mortgage exceeds the home's appraised value. Comment?
Yesterday | via Crain's Cleveland Business
Home sales dropped in Ohio and across the country last month, not only dipping from their June levels but falling short of their July 2015 pace. Statewide sales of new and previously owned homes were down 1.1 percent in July, when compared with a year before. Comment?
Sunday Aug 21 | via Entrepreneur Magazine
Nutritionists help clients lead healthy lifestyles by eating the right foods. They also specialize in helping clients manage diseases though diet. Comment?
Wednesday Aug 17 | via Cleveland.com
Across 18 counties, sales of new and previously owned homes were down by 10.9 percent in July, when compared with a year before. House and condo sales dropped from their June levels, as well, according to figures released by the Northern Ohio Regional Multiple Listing Service . Comment?
Thursday Aug 4 | via Inman
As of June 2016, median existing home price was $199,900 in the Midwest and $217,400 in the South. While the homeownership rate is now at its lowest level since the mid-'60s, some regions of the U.S. offer affordable rents and strong employment rates to keep the American dream alive. Comment?
7 min ago | via Business Wire
ROBUST LIQUIDITY POSITION: Edenwald's liquidity metrics of 566 days cash on hand , 73.2% cash to debt, and 10.1x cushion ratio at July 31, 2016 , were all above Fitch's 'BBB' category medians of 400 days, 60% and 7.3x, respectively. Liquidity continues to be supported by good independent living unit occupancy and strong net entrance fee receipts. Comment?
10 min ago | via Benzinga
After a placid summer seldom interrupted by news of note, word comes down from Wyoming on Friday as Fed Chair Janet Yellen speaks. Speculation centers around what Yellen could say about potential rate hikes, especially the possible timing of such moves. Comment?
10 min ago | via TreeHugger
McMansions have been the butt of jokes for years; there even is a great website , McMansion Hell, that dissects their design better than TreeHugger ever did. . It has seemed that everything built post the Great Recession was a McMansion, but according to Patrick Clark in Bloomberg, the bloom is off the McMansion rose. Comment?
17 min ago | via Seeking Alpha
Wells Fargo is, by far, the most straight-forward of the large banks in their use of derivatives. If I were the Financial Stability Oversight Council, after I removed all the non-bank financial institutions from the Too Big to Fail list, I would remove Wells from the list as well. Comment?
25 min ago | via Fox News
Long-term U.S. mortgage rates didn't budge this week, remaining at historically low levels that continue to lure prospective home buyers. Comment?
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