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Published: Friday, April 21, 2017 @ 2:06 PM
— Home sales in the Dayton area remained hot in March and have now increased 15 out of the past 16 months when comparing year to year sales.
March sales of single-family and condominiums totaled 1,301, the highest monthly sales in 2017 and a 13 percent increase compared to March 2016, according to data released today by the Dayton Area Board of Realtors.
|Source: Dayton Area Board of Realtors|
Sales volume generated by March’s activity totaled $194.7 million, leading to an average sale price of $149,720 and a median sale price of $130,000.
Through March, homes sales reached 3,020, a seven percent improvement from 2016 when 2,823 transactions occurred over the same period. Sales volume showed $437 million in sales transactions so far, a jump of over seventeen percent from 2016.
The average sale price year-to date stood at $144,701 and represented a nine percent increase over 2016’s year-to-date numbers. The median sale price also grew, from $113,000 in 2016 to $126,825 through March 2017, a 12 percent increase.
There were 1,961 new listings added in March, down from last year’s 2,085, and year-to-date listings saw 4,800 listings, a decrease of 5.6 percent from the figures submitted through March of last year.
The rate of homes sold across Ohio in March rose 6.3 percent from the level posted during the month a year ago, according to the Ohio Association of Realtors.
“Activity in the housing marketplace in March displayed continued resiliency, as the rate of sales posted a best-ever for the month since Ohio’s Realtors began tracking data in 1998,” said Pete Kopf, president of the Ohio Association of Realtors “We also experienced a healthy rise in the average sales price, evidence that housing is a solid, long-term investment.
FIVE FAST BUSINESS READS
Published: Thursday, March 22, 2018 @ 1:40 PM
— Need some extra cash or an ongoing side hustle?
It can pay (literally) to get a little creative. In fact, in today's inventive economy, it can pay even more if you go beyond "creative" and into the realm of pretty weird. Still, as long as they're legal (and the following suggestions are), what does it hurt to bring home the bucks in an odd fashion?
Serve as an online mock juror
Here's how it works: parties to a legal case require jury-eligible citizens from particular venues. Those selected listen to the case and decide the issues in the same way they would on a convened jury. Most sessions last either eight to 10 hours on a weekend or five to seven hours on weekdays and pay between $100 and $150 per session, just as soon as the "verdict" is returned.
Get paid to be a buddy
Consider the RentaFriend website, which takes applications for people who are wiling to provide (strictly platonic, no touching allowed) friendship in exchange for hourly pay that starts around $10. Fringe benefits include free meals and entertainment like concerts and sporting events.
The reasons people rent friends include needing a date for a business event or wedding or wanting someone to do stuff with in a new town. Some of the friends employed are able to offer additional services, like tutoring in a foreign language or etiquette advice. Do note that RentaFriend doesn't perform background checks on either its friends or its members.
Deliver phone books to real live doorsteps
While those yellow phone books may be old-school, individuals and charity groups who deliver them make modern-day money for their efforts.
Yellow Books doesn't pull any punches about the difficulty of the work: "Make no mistake, this is no walk in the park," they say. "It's good old-fashioned door to door deliveries so that means lacing up those runners, heading out into the fresh air and getting that blood pumping!”
On the plus side, you only have to be 18 or older, you can earn more the harder you work, you get paid four or five times per week during delivery season and you can often choose your turf. Yellow Books recommends checking out the active delivery locations listed on its "Where & When" page and then attending a 30 minute orientation to get started.
Drop in on lazy dogs. Or maybe iguanas
While Rover is known as the nation's largest network of pet sitters and dog walkers, it also offers a "drop-in" option. That means you can create a business through them (if you pass the qualifications test) where you mostly stop by to feed and check on low-maintenance dogs, cats or caged pets.
Play video games
Apparently, a few experts actually make a living playing the popular golf arcade game Golden Tee. In 2017, GO Banking Rates advised gamers to check out the earning potential of playing games while streaming live on video platforms like Twitch. "There, fans can interact with you as you play. Of course, it helps if you're actually good at the game, and can talk strategy and character builds. On Twitch, streamers with a few thousand followers and five-figure views earn an average of $3,000 to $5,000 per month playing 40 hours per week, and that's just off subscriptions. On top of that, ad revenue averages about $250 for every 100 subscribers."
According to the Smartasset blog, the three components of a Twitch channel are the game play itself, the webcam video of the player and the audio commentary. "That means broadcasters need a computer or console and other gaming equipment, plus a camera and a microphone headset for broadcasting purposes."
Make your backyard a wedding venue
"Renting out your property for backyard weddings is also a great way for homeowners to generate income while helping couples create a special day their guests will never forget," according to the Install It Direct blog. Venuelust estimated that engaged couples will spend anywhere from $2,500 to $30,000 for a unique venue, but of course you could start smaller in the beginning.
Published: Thursday, March 22, 2018 @ 3:16 PM
— Charles Lazarus, who founded Toys ‘R’ Us, has died.
The retailer confirmed that Lazarus, 94, died Thursday morning. He no longer had any ownership position in the chain, but he started the company when he was 24 years old in 1948. He served as CEO until 1994.
“There have been many sad moments for Toys”R”Us in recent weeks, and none more heartbreaking than today’s news about the passing of our beloved founder, Charles Lazarus. Our thoughts and prayers are with Charles’ family and loved ones,” the company posted on Twitter.
» MUST-READ BUSINESS NEWS: Toys ‘R’ Us files for bankruptcy: What’s really going on?
Toys ‘R’ Us Inc. voluntarily filed for relief under Chapter 11, in September 2017. Toys R Us was $5 billion in debt, as of April 29. At the time of bankruptcy, the company said it would close about one-fifth of its store locations. Closing sales are expected to conclude in April.
The retailer will shut or sell all of its 735 U.S. stores. Customers should use any gift cards before April 20.
Toys “R” Us liquidation sales are expected to start on Friday. Approximately 31,000 employees will ultimately be laid off due to the store closings. The retailer has locations in Miami Twp. and Beavercreek.
FIVE FAST BUSINESS READS
Published: Friday, March 23, 2018 @ 10:21 AM
The former Montgomery County fairgrounds and the Dayton Arcade are going to be redeveloped less than two miles apart, but a University of Dayton official says the school pictures the two projects as complementary, not competitive.
“We wouldn’t be involved in both projects if we thought they weren’t going to be complementary,” said Andy Horner, chief financial officer at University of Dayton. “There are limited resources to go around but we think there’s going to be enough for both to be exceptionally successful and bring additional investment into the Miami Valley.”
UD is both partnering with Premier Health on redeveloping the fairgrounds and is also a key anchor tenant at the Arcade. The separate Arcade project calls for bringing the vacant downtown complex back to life as a hub of housing, shops and restaurants.
Horner spoke along with two other project representatives Friday morning to present an update on the fairgrounds project to the I-70/75 Development Association.
The early proposal for the Arcade includes a call for an “innovation hub” that would include housing the University of Dayton Center for Entrepreneurship and some faculty.
Published: Tuesday, March 20, 2018 @ 12:46 PM
LEBANON — Warren County commissioners approved a community reinvestment area on Tuesday for 178 acres west of Ohio 48 in Hamilton Twp.
The agreement sets the stage for the township and school board to negotiate a tax sharing agreement for commercial or industrial development of the former SUMCO industrial site off Grandin Road, officials said.
The township is working with the owners of the property, the Rippe family and Joe Geraci, on a development there, Community Development Coordinator Michelle Tegtmeier said.
RELATED: South Lebanon annexes 220 acres
The formation of the reinvestment area comes after land, including the former Peters Cartridge Factory development, was annexed by South Lebanon, as part of an agreement for the developer to get a tax abatement on this development, costing the Little Miami Schools tax revenue on developments.
RELATED: History of Peters Cartridge Factory
The abatements granted in the new area would be 50 to 100 percent for up to 15 years.
Commissioner Shannon Jones noted property taxes have dwindled on the land since SUMCO left the site eight years ago.
Assistant Warren County Prosecutor Bruce McGary said the resolution establishing the reinvestment area set up a process including the school district “at the table” for negotiations of more than 50 percent in property tax breaks.
The former SUMCO complex is expected to be demolished in anticipation of new development on the industrial site.
Commissioner Dave Young specified that tax incentives would not be used to subsidize residential development.
“The main purpose is to drive commercial, industrial,” said Matthew Schnipke of the county economic development office.
The area also enables Hamilton Twp. “to be competitive with other areas,” including South Lebanon and other cities capable of offering similar incentives in exchange for annexation from the township.
The tax abatement agreements are more lucrative for cities and villages, which collect earning tax from businesses, unless a township is part of joint economic development district with such taxing authority.
“We really think this would be a kick-start,” Tegtmeier said, creating a better tax base for the heavily residential township, south of Lebanon and west of Mason. “Right now, we have nothing.”
Young said he typically opposes creating tax incentive areas through which communities compete with each other.