by German Lopez
Posted In: News
at 11:28 AM | Permalink
Another statistic adds doubt to state’s economic recovery
A new report shows Ohio has the fourth highest housing
foreclosure rate in the nation — another troubling statistic for a state
that, according to state officials, is supposed to be undergoing a
major economic boom.
The report from RealtyTrac,
a real estate information company, put Ohio’s foreclosure rate at 0.96
percent during the first half of 2013, a 2-percent increase from a
comparable period in 2012.
Ohio’s foreclosure rate beat only Florida (1.74 percent), Nevada (1.4 percent) and Illinois (1.2 percent) in the rankings.
Ohio’s bump up in foreclosures defies the national trend:
Foreclosure starts are on track to hit about 800,000 this year, down
from 1.1 million in 2012, according to RealtyTrac. The recovery follows
the 2007-2008 recession and the housing crisis that helped cause it,
which led to a spike in foreclosures.
State officials, particularly Gov. John Kasich, often
claim Ohio has led the nation in job and economic growth following the
recession, but recent statistics have raised doubts about the claim.
A June 16 infographic from Pew Charitable Trusts found Ohio was the No. 46 state for job creation between April 2012 and April of this year, supporting claims from liberal and conservative think tanks that Ohio’s job growth has been stagnating in the past year.
Still, Ohio had a 7 percent unemployment rate in May, lower than the national rate of 7.6 percent.
The state also added 32,100 jobs in May — more than any
other state for that month. Whether that job growth holds up will be
made clearer on July 19, when the Ohio Department of Job and Family
Services will release state job numbers for June.
Kasich on June 30 signed a state budget approved by the
Republican-controlled General Assembly that Republicans claim will spur
further job growth, but a CityBeat analysis calls that claim into question.
by Kevin Osborne
A study by a housing advocacy group found that foreclosures in Hamilton County dropped by 13 percent compared to the previous year. But representatives with Working In Neighborhoods, the group that did the research, said the figures don't necessarily mean that homeowners aren't being affected by the economic downturn. Rather, they note that many large banks were delaying foreclosures due to the so-called “robo-signing” crisis, waiting until they struck a settlement deal with the federal government. In fact, many observers expect foreclosures to increase this year.After a lengthy trial, former Bengals player Nathaniel “Nate” Webster was convicted Wednesday of having sex with an underage girl. A jury acquitted Webster on three charges, but found him guilty on four others. Hamilton County Common Pleas Court Judge Ralph “Ted” Winkler ordered Webster jailed until his June 6 sentencing, when he could be sent to prison for up to 20 years. Webster signed a five-year, $11.3 million contract with the Bengals in 2004, but played only in a few games.City commissioners in Dayton are considering an ordinance to establish a domestic partnership registry which could be used by unmarried, same-sex couples. The registry is voluntary, and a couple doesn't need to live within the city. The ordinance says the registry will assist “businesses and universities in the recruitment of a talented and diverse workforce.” The registry would help area businesses that extend benefits to the partners of employees, straight or gay, by having a formal registry of such committed relationships. Local bloggers and others have been pushing for such a registry in Cincinnati for the past few years, but groups like Equality Cincinnati have said the time is not right.What were the odds of that happening? A Columbus police officer who investigated a four-vehicle accident Tuesday that involved Gov. John Kasich is the same person that the governor had called “an idiot” in an earlier encounter. Officer Robert Barrett responded to the mishap on Interstate 71 in downtown Columbus that happened in stop-and-go traffic and did not result in any serious injuries. Shortly after taking office last year, Kasich recalled the citation he received from Barrett in 2008 for failing to yield to an emergency vehicle, calling Barrett an idiot during a meeting with state employees.State lawmakers removed a proposal this week to enact a priority funding system for federal family planning dollars that would've essentially blocked funding for Planned Parenthood affiliates across Ohio. The Republican-controlled House Finance and Appropriations Committee pulled an amendment to Kasich’s mid-biennium budget review that was inserted last week. A committee chairman said the amendment mirrored that of House Bill No. 298, which is being worked in the House Health and Aging Committee. About $1.6 million of the $4.3 million in federal family planning money the state received last year went to Planned Parenthood affiliates.In news elsewhere, House Speaker John Boehner (R-West Chester) is lowering expectations that the GOP will retain control of the House after this fall's elections. At a closed door meeting with rank-and-file Republicans, Boehner reiterated his concerns the party could lose seats in the House in November, according to The Los Angeles Times. "We’ve got a fight on our hands," Boehner said. Some observers wonder if Boehner believes the gloomy forecast or if it's a scare tactic to get unruly Tea Partiers to toe the party line.After he scored victories in five primary elections this week, the Republican National Committee formally embraced Willard Mitt Romney as the GOP’s presumptive presidential nominee on Wednesday. Reince Priebus, the RNC's chairman, said in a statement that the party organization and its resources were now at the disposal of Romney’s campaign. Also, the campaign staffs of the RNC and Romney will merge and begin coordinating their efforts. Game on.George Zimmerman received firearms training and bought a gun on the advice of an animal control warden, as a method for dealing with a belligerent neighborhood dog. That's one of many revelations in interviews with Zimmerman's relatives and neighbors conducted by Reuters News Service. Zimmerman is awaiting trial on a second-degree murder charge for the shooting death of Trayvon Martin, an unarmed black teenager, in Sanford, Fla.It's beginning to look like Israel's military isn't in as big of a rush to start a war as the nation's politicians. Lt. Gen. Benny Gantz, Israel’s military chief, said Wednesday that he believes Iran will choose not to build a nuclear bomb, an assessment that contrasted with the statements of Prime Minister Binyamin Netanyahu. Gantz said international sanctions have begun to show results and could relieve pressure on the Obama administration, undercutting efforts by Israeli political leaders to urge the United States to consider a potential military strike on Iran.International judges have found former Liberian leader Charles Taylor guilty of aiding and abetting war crimes during the Sierra Leone civil war, at his trial in The Hague, the BBC reports. Taylor has been on trial at the U.N.-backed Special Court for Sierra Leone for almost five years. He was accused of backing rebels who killed tens of thousands during Sierra Leone's 1991-2002 civil war.
by Kevin Osborne
Two Cincinnati City Council members will unveil a proposal Wednesday to require banks to take better care of foreclosed properties.Councilmen P.G. Sittenfeld and Cecil Thomas want city administrators to gauge the feasibility of launching a pilot program to improve vacant and blighted properties, which they said would help stabilize neighborhoods.If ultimately deemed feasible and approved, the proposal would create a mandatory registry for vacant foreclosed properties and enact stiffer civil offense charges for properties that aren’t properly maintained. Also, it would require point of sale inspections prior to sheriff's sales, and assess the costs for code violation corrections to lenders.The program would be tried on a one-year trial basis in Westwood, Price Hill, College Hill, Madisonville and Mount Airy. If successful, it could be expanded to other neighborhoods.When foreclosed properties are left vacant, they often become targets of crime and sources of blight, and can ultimately end up in the hands of absentee landlords, Sittenfeld said."Our efforts are all about demanding accountability," Sittenfeld said. "Banks and lenders must maintain the properties they own, just like the rest of us."He added, “We must all care about this issue because all of us are affected by it. If you live next to a vacant foreclosed house, your property values go down and your quality of life deteriorates. This pilot program provides an important step toward stabilizing our neighborhoods."Sittenfeld and Thomas will formally announce the plan at a press conference Wednesday morning at a foreclosed home at 1540 Ambrose Ave. in College Hill. The property is owned by mortgage giant Fannie Mae, which has had 188 building code enforcement cases in Cincinnati during the past five years.The proposal also has the support of Vice Mayor Roxanne Qualls and Councilmembers Chris Seelbach, Charlie Winburn and Wendell Young. That gives it enough votes for passage, which means administrators will report back to council on the costs for such a program and whether it would be effective.Community activists and advocates from Working In Neighborhoods and the Legal Aid Society also support the proposal.