Did you know that taxes imposed on real property are the oldest type of tax in Ohio? In 1825, value-based real property taxes were introduced in the state. Ohio’s code defines the term “real property” as land,…
Forecasting Ohio’s residential housing market for 2023 poses some challenges. Why? So many variables in the overall U.S. economy are rather extraordinary or extreme. For example, we face the highest mortgage interest rates in more than 15…
Could heightened mortgage interest rates cause a surge of foreclosures throughout Ohio in 2023? Higher interest rates negatively impact affordability, making borrowers more vulnerable to significant financial problems like foreclosure. However, many other variables are…
Overall, many investors in the U.S. real estate market will likely describe 2022 in a single word — volatile. Some of the factors creating volatility include record-high inflation, rising interest rates, and supply-chain challenges that…
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