An article in Forbes lists Cincinnati Ohio as the 10th most affordable places to live in the USA with an average mortgage of $1353.00 a month. Although that may be initial good news the underlying reasons should give us all pause. The low cost of homeownership is due, in part, to low construction costs, space for development, and an abundant supply of homes.
At this moment there is an opportunity for home buyers to purchase a home at a very competitive price, and with new industry moving into the Cincinnati area the addition of new jobs from companies such as Meadpace, brining new jobs to the region it is probable that the house inventory will begin to balance and home prices will stabilize moving into 2009.
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