Category Archives: Development

Banks are now Demolishing Foreclosures

In an effort to reduce costs and some banks are now demolishing foreclosures. In certain cities around the country banks are donating homes to municipalities that condemn and demolish decaying houses. Improving the Housing Stock by Reducing Inventory The theory is that if … Continue reading

Posted in Development, Downtown Cincinnati, foreclosure, Property Value | Tagged , , | 1 Comment

New Cincinnati Real Estate Construction in Over The Rhine

Image of a red brick row house.

  There is positive news this week as additional construction in Over The Rhine add mixed income real estate into the Cincinnati market. While the market is down, nearly all of the units (8/11)in Phase 1 have been pre-purchased according … Continue reading

Posted in Cincinnati Real Estate, Development, Downtown Cincinnati, Neighboorhood Reports | Tagged , , , | Comments Off

Cincinnati to Become the Home to American Sign Language Research

The Cincinnati  based American Sign Museum is actively making a push to further develop research and understating of American Sign language. The plan calls for moving the museum into a new larger space in January 2012. Tod Swormstedt is the … Continue reading

Posted in Community Building, Development | Tagged , , , , , | 1 Comment

Cincinnati Developers Default on Subdivisions and Strand Homeowners

Over the past two years numerous Cincinnati developers defaulted on subdivisions and stranded homeowners with 1/2 finished communities. The primary cause is the slowed pace of new construction growth and the tightening of credit. Cincinnati.com highlights a common practice that … Continue reading

Posted in Cincinnati Real Estate, Community Building, Development, New Construction | Comments Off

Housing Shortage in Cincinnati and Nationwide

According to an article in CNN there is an impending housing shortage. The recession has stopped, or delayed new home construction and purchases, but the demand will reemerge when the recovery comes. Unlike in years past, home builder may not … Continue reading

Posted in Cincinnati Real Estate, Development, Mortgages and Finance, New Construction | Tagged , , , , , , | 2 Comments

Its ok for Wall Street to Walk Away From a Mortgage so Why Not You?

When an investment corporation defaults, or walks away, from a property it is called a strategic default.  When a home owner can no longer afford their mortgage they foreclose. Somehow there has been tremendous stigma placed on the homeowner that … Continue reading

Posted in Development, Mortgages and Finance, Property Value | Tagged , , , , , , , , , , , , , , , , , , , | 1 Comment

Corporate Foreclosures and Individual Foreclosures

In recent weeks major real estate developers have been walking away from properties because like many home owners, they are underwater on their mortgages. Tishman Speyer Properties gave up the 56-building, 11,232-unit Peter Cooper Village and Stuyvesant Town apartment complex … Continue reading

Posted in Development, Mortgages and Finance | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off

Symmes Township Establishes a Community Reinvestment Area

In order to attract more business development Symmes Township has established two community reinvestment areas to attract new businesses and construction projects.  The commercial/industrial CRA property tax abatement is up to 10 years for new construction or renovation, with up … Continue reading

Posted in Community Building, Development | Tagged , , , , , , , , , , , , , , , | Comments Off

A Realtor Reflects on Eminent Domain

Eminent Domain is a controversial issue which involves the government (local, county, state, or federal) condemning a person’s home so that the land it sits on can be used for the betterment of the community. Eminent Domain has been used … Continue reading

Posted in Development, Investment Real Estate | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off

Price Sells Real Estate

Price Sells Real Estate! If you price your property appropriately for the current market conditions your real estate will sell. NPR ran an article a few days ago that really highlights this point. last year the Miami, FL condo market … Continue reading

Posted in Development, Home Buyer Resource, Home Seller Resource, Investment Real Estate, Property Value | Tagged , , , , , , , , , , , , , , , , , , | Comments Off