STR (Short Term Rental) Update – August 23, 2022

STR (Short Term Rental) Update – August 23, 2022

August 23, 2022 was the Trifecta of short term rental regulations in Summit County as leaders of three jurisdictions met to either discuss or implement new regulations. Here is a summary of what happened and where we are with STR regulations at this time. Summit...
Short Term Rentals Update July 2022

Short Term Rentals Update July 2022

Summit County government leaders are getting feedback from a survey they released and considering different regulations including caps depending on neighborhood and different license types. A meeting was held August 1 with the Countywide Planning Commission where many...
Market Report July 2022 – Summit County

Market Report July 2022 – Summit County

The market is shifting, and being involved day to day, I am seeing properties on the market longer, price reductions, less or no bidding wars, and more demands in inspection objections. We have been collecting active property and pending property numbers since May of...
Mortgage Application Update

Mortgage Application Update

This is the MBA (mortgage banker association) count of number of buyers applying for a new mortgage last week. This year is the heavy blue line. We started the year on record pace, matching 2021. Performance vs. historical has been eroding steadily as rates increased....