Women Continue To Have A Huge Impact On Cincinnati’s Real Estate Scene

Women Continue To Have A Huge Impact On Cincinnati’s Real Estate Scene

by -

Many Cincinnatians will have visited Corryville Angel Hospital, or know someone who has. What they may not be aware of is the history of the now crucial medical facility, and how women in particular held an influential role in the sale of the $23.5m building. In an industry typically dominated by male bankers and the beneficiaries of inherited wealth, the Cincinnati real estate industry has bucked the trend – and continues to do so today.

The housing market designed for women

The foundation of a female-influenced real estate market lies in the housing stock itself. According to research reported in Biz Journals, Cincinnati is a top 20 market for working woman friendly housing. What’s more, good average house prices – around $225k – are retained long into the lifetime of the house, making equity release realistic and the reverse mortgage more feasible for retired women or those working later in life. Essentially, the market is geared towards empowering women to be able to work independently throughout their career and enjoy their retirement to a greater degree.

Pulling in national interest

This positive backdrop has encouraged female business leaders to become involved in Cincinnati. Last year, Titan Real Estate Group opted to move its operations into Cincinnati, rather than any other location. Now, according to The Enquirer, the company is helping to further enfranchise women in the city by building new and affordable working homes. When a large company opts to relocate to a location because of its female-positive culture, it’s a good sign for all involved.

REIA’s continuing involvement

Underpinning the continued movement towards a female-driven property market is the Real Estate Investors Association of Greater Cincinatti. Vena Jones-Cox, an expert in Ohio real estate and long-time veteran of the industry, is the current chair of the association. Furthermore, they regularly schedule events which look at the role women can play in the city’s real estate industry and how it can continue to improve in the future. Clearly, influential bodies are not content just with a market friendly to women, but want to actively encourage them to take control, too.

Women are playing catch-up in countless areas of the job market and economy. One place and area that isn’t letting women down is Cincinnati’s real estate sector. More than just a positive environment for women, the evidence shows that women in fact run the show.

Amy Scalia
Publisher & CEO - Amy Scalia, a Cincinnati native, is the editor in chief and publisher of Cincy Chic. Send her an e-mail at ascalia@cincychic.com. From growing up in the cornfields of Harrison and getting a Mass Communications B.A. degree in the bubble of Oxford, to living on the NKY side of the river in Newport and then Ft. Thomas, Amy Scalia has embraced Cincinnati with her presence. Her major life accomplishments include: being a mom of two girls and a boy, a 2010 "40 Under 40" recipient from the Cincinnati Business Courier, winning the "Best New Product/Service of the Year" Award from the Cincinnati Chamber of Commerce and a national Web-writing award from ASHPE in 2007, a national feature writing award from ASBPE in 2006, and running three Flying Pig Marathons.