The Future Value of Cincinnati Homes
CNN Money published a study today on the future value of homes all over the nation. After looking through the home value tool, the outlook for Cincinnati is fairly similar to that of Ohio. The state will see about a 5% drop in home values over the course of 2008 with the depreciation slowing to a less than 1% fall in 2009.
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What this means to the average home buyer is that if you are looking to move up market, it is time to take a look and make a move. Moving upmarket in a housing slowdown is a financially rewarding thing if you are in a position to take advantage of the value changes.
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If you are moving from a $150,000 home to a $250,000 that is a $100,000 jump. If both homes sell for 5% less due to the market you are moving from a $142,500 home to a $237,500 home in a $95,000 jump. Same homes in question. $5,000 savings. Moreover the new house property tax will be assessed at the 5% lower sale price.
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Life In Queen City » The Future Value of Cincinnati Homes
May 8th, 2008[...] value of homes all over the nation. After looking through the home value tool, the outlook for Cincinnati real estate is fairly similar to that of the rest of Ohio. The state will see about a 5% drop in home values [...]
cinplify.com
May 8th, 2008The Future Value of Cincinnati Homes…
CNN Money releases a study on the 2 year future value of real estate across the nation….
» The Future Value of Cincinnati Homes
May 8th, 2008[...] My Telegraph wrote an interesting post today onHere’s a quick excerpt CNN Money published a study today on the future value of homes all over the nation. After looking through the home value tool, the outlook for Cincinnati is fairly similar to that of Ohio. The state will see about a 5% drop in home values over the course of 2008 with the depreciation slowing to a less than 1% fall in 2009. . What this means to the average home buyer is that if you are looking to move up market, it is time to take a look and make move. Moving upmarket in a housing slowdown is [...]
Real Estate Taxi (110 comments.)
Jun 26th, 2009The slow down within the market has given persons whom have the ability to purchase a better home the chance. The value on homes have dropped by will not be this low forever.
Walt