Foreclosures and Home Values in Ohio

National Foreclosure Mitigation Counseling

Impact of the Great Recession on Ohio

The recent economic crisis, stemming from the underlying mortgage crisis, has had substantial effects on housing values nationwide. Central to the recovery of housing values, and targeted efforts to stabilize neighborhoods, is an understanding of the relative impact of different factors on housing values. Factors including unemployment, business closings, foreclosures, vacant and abandoned properties, often are observed simultaneously; thus, unpacking the relative impacts of individual factors becomes challenging. Nonetheless, such an understanding is critical to informing targeted efforts at neighborhood recovery. The purpose of this analysis is to unpack the relative influence of various factors on housing values in Ohio, thus providing strategic recommendations for recovery efforts moving forward.

View preliminary results of a report on housing values in Ohio: