June 30–LIMA — A better economy means a better housing market.
There has been a 6.5 percent increase from $29 million in May 2017 to $31 million, according to Jason Liening, West Central Association of Realtors president.
There were 228 homes sold in May 2018 and 233 homes sold in May 2017. The 2.1 percent decline is the result of a lack of homes in the area, according to Liening.
Despite the decline in homes sold this May compared to the year before, 23 more homes were sold in May than in April of this year.
Home inspection licensing
The Ohio House of Representatives recently passed House Bill 211, and it awaits Senate approval. If passed, the legislation will require housing inspectors to be licensed. This bill is backed by the Ohio Association of Realtors.
“This will create quality home inspectors and put a standard in place to protect our consumers by the end of it, and ultimately help the industry to move forward,” said Liening. “There’s not a perfect home out there, but the idea is that you will know what needs to be done.”
The state of Ohio does not require housing inspectors to be licensed, but people in this field can get a certification through a third-party company which is not controlled by the state, according to Scott Campbell, owner of BrickKicker Inspection Services, a house inspection company.
“The home inspection industry is very much buyer beware,” Campbell said. “You basically have to make sure that you’re picking the right person or company.”
The bill would require inspectors to register, do continuing education, pay fees and be subject to penalties and fines.
“Overall, the implementation of this bill is positive because it will remove the bad inspectors from the industry,” said Campbell. “Its not perfect, just like any process, but it’s better than what we have now.”
The bill is expected to be voted on by the Senate throughout the summer and fall and if passed is expected to be put into law in the beginning of 2019.
This article provided by NewsEdge.