WYSO

real estate

Karl Keith speaking at the 2019 annual Auditor's Update at Sinclair College.
MIKE BRILL/MONTGOMERY COUNTY

In his annual report delivered to more than 70 local government officials on Friday, Montgomery County Auditor Karl Keith called 2019 a “mixed bag” of financial news. Keith struck an optimistic tone despite the negative impact of the May tornadoes on some county property values.

The auditor told the gathering this year’s tax revenue losses of $1.7 million in tornado affected neighborhoods were offset somewhat by improved property values and increased real estate development overall.

A third of Ohioans are not homeowners. Two lawmakers want to change that with a bill they say will help first-time homebuyers. 

www.arcadedayton.com

The last building in the historic Dayton Arcade complex has been purchased by Dayton Arcade Partners. The arm of real-estate company Cross Street Partners has acquired the Kuhns building on Main Street for $1,283,586.

The Kuhns building is the only historic Arcade property in the complex that still operates as a commercial office venue. The late-nineteenth century rustic red structure was renovated in 2007.

Owners Bob and Nancy Shiffler, with Kuhns 1883, and Dayton Arcade Partners are expected to close on the sale of the building next week.

Dayton real-estate broker Veronica Bedell-Nevels.
Jess Mador / WYSO

A decade after the Great Recession and foreclosure crisis affected millions of Americans, homeownership remains a major way many people hope to build a nest egg and save for retirement.

But, new numbers from the National Association of Real Estate Brokers show the homeownership gap between whites and blacks is growing bigger. Whites are much more likely to own a home than African Americans in cities across the country.

Miami Valley Fair Housing investigated more than 70 Fannie Mae properties from 2010, 2012, and 2014.
MVFHC / MVFHC

Recent numbers show Montgomery County home values are continuing to recover after the Great Recession.

Montgomery County Auditor Karl Keith says, while commercial property values remained stable with a less than 1 percent increase, residential values are up about 6 percent. 

He says the increase in home values is good news for the housing market.

“To talk about a four-and-a-half-percent increase, yes, this is definitely good news. It reflects on the community as a whole as far as value, the overall economy of the community," Keith says.