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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
New Cincinnati Real Estate Construction in Over The Rhine
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 Cincinnati Real Estate, Development, Downtown Cincinnati, property for sale 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
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
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 california public employees, california public employees retirement, california public employees retirement system, cooper village, employees retirement system, housing market, huffington post, investment corporation, large corporations, mckinley, new york times, peter cooper village and stuyvesant town, peter cooper village and stuyvesant town apartment complex, public employees retirement, public employees retirement system, residential property purchase, second wave, stigma, tishman speyer properties, Wall Street Journal 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 apartment, banks, cooper village, creditors, economy, federal government, financial institutions, financial liability, foreclosure, foreclosures, housing market, lenders, manhattan, many home owners, Mortgages, peter cooper village and stuyvesant town, peter cooper village and stuyvesant town apartment complex, real estate developers, realtytrac, unemployment rate 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 10 years, business development, community reinvestment, construction projects, cra, family residences, improvement value, new businesses, New Construction, property tax abatement, remodeling, renovation, single family, symmes township, unit structures, value cap 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 10 years, betterment, caution, Cincinnati, controversial issue, eminent domain, expansions, highways, local county, local government, neighborhood, office buildings, pfizer, private developers, private development, public works projects, realtor, Rookwood Commons, strong community, tax abatement 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 american investors, bargain, cincinnati area, condo buildings, condo market, condo vultures, condos, current market, Fannie Mae, fannie mae and freddie mac, few days, Freddie Mac, latin american, loan applications, miami condo, miami fl, New Construction, real estate broker, s market Comments Off
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