The Information on this page was developed by Experts in the Real Estate Industry to help others find or sell real estate
Should You Rent, Lease or Own Real Estate
It all depends on your desires, investment dollars available and personal situation. However, here are some guidelines to consider.
Information on Sales
The number of homes sold across Ohio in July rose 15.4 percent from July 2014, the market's 11th consecutive monthly gain.
July increased 6.3 percent from June 2015
July was the 2nd strongest monthly total since data has been collected starting in 1998
July's average home price rose 2.6 percent from July 2014
Around the state, 15 dof the 18 markets reported increased sales activity
Realtor expectations show 65 percent believe home prices will increase 0-5 percent in the next year
Information on Rentals
There were 20 counties among those analyzed where the Generation X share of the population was above the national average of 16 percent, where the Generation X population increased at least 5 percent between 2007 and 2013, and where potential annual rental returns on residential properties were 9 percent or higher.
“Ohio housing is affordable, attracting many different income and age demographics to the state,” said Michael Mahon, executive vice president at HER Realtors, covering the Ohio housing markets of Cincinnati, Dayton and Columbus, where Franklin County ranked among the 50 best for renting to Millennials, and Licking County ranked among the 20 best for renting to Gen Xers as well as among the 40 best for renting to Baby Boomers. “The stability of prices within the Ohio markets over recent years has contributed to an increasing demand for housing along with job and population growth throughout many of Ohio’s local markets. With many developers still in recovery from our nation’s economic crisis, new construction projects have been underwhelming in meeting Ohio’s housing demand. As demand continues to increase and supply continues at conservative levels, anticipation for 2015 is for continued increases in rental returns throughout the state.”
About Mike Seikel, Realtor
Background, Credentials, Experience
Mike: Phone: 419-370-9385 ~
the Firelands Area
History and Current Day Facts
Real Estate Resources
Community Data, Links
About the Brokerage
The Best in the Firelands
Rent vs Lease vs Ownership
Why do each?
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