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Homestead exemption was originally introduced in 1970 as a reduction in property taxes for lower-income senior citizens. Then, in 2007, the program was changed to include all homeowners 65 and older or permanently and totally disabled, without an income requirement. Now, the State of Ohio is returning to the original practice, and will now be…
By Robert Riedl, CPA, CFP, AWMA New Mortgage Rules Scheduled to Take Effect in January The Consumer Financial Protection Bureau (CFPB) has issued new mortgage rules that are scheduled to take effect on January 10, 2014. Background In 2008, the rise in home foreclosures was viewed by many as the result of sub-standard mortgage lending…
Oct. 18 (Dayton Daily News (OH)) — The new restrictions on the Homestead Tax Exemption that begin in 2014 for any homeowner who has not turned 65 are unfair and will be a burden on senior citizens of the future, said two local Democrats in a news conference today. Montgomery County Auditor Karl Keith said…
The government shutdown is here. Whether it’s not being able to get a new Social Security card or visit a national park, Americans will immediately feel the effects. But there’s one bright spot of the economy that stands to be affected as well: housing. One of the biggest questions regarding the shutdown and how it…
By: Olivia Barrow, Staff Reporter, Dayton Business Journal Sept. 10, 2013 Dayton landed on a list of the top 25 residential real estate investment markets. The city ranked No. 22 on the list, compiled by OwnAmerica using an algorithm that examines demand, price, net yield and economic development trends in the city. Dayton’s appearance on…
Original Article By Cory Hopkins | Zillow – Thu, Aug 8, 2013, 1:42 PM EDT More than 100 real estate and economic experts predict home values will end 2013 up 6.7 percent from the end of 2012, as the housing market recovery continues to widen and accelerate, according to the latest Zillow Home Price Expectations…
By Associated Press WASHINGTON — Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve’s possible slowing of its bond purchases this year. Mortgage buyer Freddie Mac said Thursday the average on the 30-year loan slipped to 4.37 percent. That’s down from 4.51 percent last…
An index that measures pending home sales in Ohio rose in May for the 25th consecutive month, a state realtors association said. Ohio’s May Pending Home Sales Index of 145.6, a forward-looking indicator based on contract signings, rose 20.1 percent from the May 2012 index score of 121.2, the Ohio Association of Realtors said Thursday.…
Homeowners who turn 65 at any point in 2013 are eligible for the Homestead Exemption program and have until Monday, June 3rd to sign up with the Montgomery County Auditor’s Office. Applications are available in the Auditor’s office, on the web at www.mcauditor.org or by calling the 225-4341 Homestead Hotline number. “All eligible senior homeowners…