Ohio's Housing Market On The Rebound

Ohio's housing market shows signs of rebound after a steep drop in prices during the Great Recession. And the number take on political overtones a week before the general election. Across the state, housing prices tumbled starting around 2007 and had not improved by the time Gov. John Kasich took office in 2011. Now, three years later, prices are climbing back to levels seen before the recession in much of Ohio as the overall economy has improved. Ohio Housing Finance Agency numbers show the median price for homes during a 12-month period ending in July $103,000, compared with $84,000 two years earlier. Housing has been only a minor issue on the campaign trail for Kasich or Democratic challenger Ed FitzGerald. A Kasich spokesman points out that five of the most affordable cities in the U.S. are in Ohio. FitzGerald counters that the state and Kasich's administration has not been tough enough on predatory lenders.