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Area home prices fell in third quarter, feds say

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Staff Report 11:17 AM Monday, November 30, 2009

Home prices in Dayton and other Ohio cities fell in the third quarter, according to an index calculated by the Federal Housing Finance Agency.

Home prices in the Dayton Metropolitan Statistical Area slipped 1.9 percent in the quarter, versus the same period in 2008, the agency reported. Based on third quarter home prices, the area made up of Greene, Miami, Montgomery and Preble counties ranked 130th of 297 MSAs.

The index includes purchase and mortgage refinancing from the Federal Home Loan Mortgage Corp. and the Federal National Mortgage Association.

Between the second and third quarters of 2009, house prices fell 0.6 percent. Over the last five years, area house prices climbed 1 percent, the agency said.

In the Cincinnati-Middletown MSA, third-quarter house prices fell 2.1 percent over the same quarter in 2008. Springfield during the quarter experienced a drop in prices of 0.3 percent, ranking it 77th of the nation’s MSAs. In Columbus, home prices dropped 1.1 percent in the quarter, compared with the year-ago period.

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Christina,
Speak what you know then. You give no reason for why you don't like the levy. How about the fact that kids at S.V and N.E can't even drink their water without getting sick. How about the overcrowding and kids taking classes in closets, how about the mold, the buildings literally falling apart. You can't duct tape everything. Learn the facts. Once athletics get cut kids are going to transfer schools, more empty houses, lower values. get real

get real
8:31 AM, 12/1/2009

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As prisoners of the oppressive taxes in NWLSD, moving to NE is an attractive option that we (and I'm sure many others) are pursuing. I believe that your values have risen as a result of your far lower tax rates.

TTMA
10:17 PM, 11/30/2009

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Dont blame it on the district! NELSD has a higher rate of employees from Navistar and Honda. Both have laid off which means this area has a high rate of forclosures which in turn is why the housing market has dropped! Plus it is nationwide. Yahoo gave higher numbers than that nationwide!!! I voted No for the levy and will do it again and again until they change the plan. Speak what you know! Im a graduate from Kenton Ridge we are voting no for a reason!!!

Christina
9:44 PM, 11/30/2009

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Get used to reading that headline NELSD homeowners (especially the ones that voted NO).

K
3:15 PM, 11/30/2009

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