Congressman Michael R. Turner spoke publicly today with the Northeast-Midwest Institute about the impact of the national housing crisis in the Dayton, Ohio area.
"Over 6,000 foreclosures were reported across Ohio's Third Congressional District in 2008. This represents a three-fold increase from a decade ago. Each of these foreclosures symbolizes a family, a neighbor, or a friend who have lost their home. There's no question that mortgage foreclosures have played a major role in destabilizing the foundation of our economy," Turner said. "The influx of toxic mortgage loans and economic destabilization has led to increasing home foreclosures, home abandonment, and falling housing prices throughout the country. The Dayton area has been particularly negatively impacted by this crisis. It is my hope that this discussion will generate ideas for further federal policies to help address this issue."
Although the Dayton Ohio housing crisis and foreclosures have increased over the last decade, recent home sale prices have drastically increased over the past 3 months. The July Real Estate Market Report in Ohio for single family, residential homes in Montgomery, Greene, and Warren counties near Wright Patterson Air Force Base shows rock bottom is a thing of the past. In July 2009 versus June 2009, the average sale price/listing price remained at 95%. The Real Living Realty average is higher, netting more money for the sellers represented (98%). The average days on market in June 2009 was 132, which is 47 days slower than the Real Living Realty average days on market (85). It is a great time to buy an investment property in the Dayton Ohio area!
About the Author...
This Dayton Ohio Housing Crisis article was provided by Christina Asad Edwards, a Nationally recognized Realtor and Residential Relocation Specialist. Christina can be reached via email at Christina.Asad@RealLiving.com or by cell phone or text message at 937-205-4741. Christina has helped thousands of people move in and out of the Dayton Ohio area and other Southwest Ohio towns. For Ohio real estate and homes see Dayton Ohio Real Estate.
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Servicing the following towns and counties in Southwest OH: Beavercreek, Bellbrook, Centerville, Dayton, Greene, Fairborn, Kettering, Miamisburg, Montgomery, Oakwood, Springboro, Warren, and West Carrollton OH.
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