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Ohio's housing shortage is a long-term threat to the growth that Columbus area has been fortunate to experience.
Foreclosure activity is muted: In the years after the housing crash, millions of foreclosures flooded the housing market, depressing prices. That’s not the case now. That’s not the case now.
Data from the St. Louis Fed suggests that this had a severe impact on housing inventory: New home builds had been on the rise in 2005, peaking in January 2006 with more than 2,200 housing units ...
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
In December 2020, the New York State Legislature passed a state moratorium on evictions. [11] In May 2021, the legislature extended the moratorium until August 31. [12]The Supreme Court struck down a provision of the state moratorium that protected people who filed a form declaring economic hardship, rather than providing evidence in court.
While current conditions don’t point to a housing market crash, a few factors could lead that way, according to U.S. News & World Report. These include a drastic increase in unemployment, a ...
The COVID-19 pandemic was confirmed to have reached the U.S. state of Ohio on March 9, 2020, when the state's first cases were reported. The first death from COVID-19 in Ohio was reported on March 19. Subsequently, records supported by further testing showed that undetected cases had existed in Ohio since early January, with the first confirmed ...
If you have been waiting for prices to drop to buy a house, 2023 could be your year. However, the fall in housing prices doesn't bode as well for current homeowners -- or the overall U.S. economy....