The positive trend in Butler County’s economic indicators has been skewed by the pandemic

“I’m always hesitant to talk too much about it because is it a bubble, is it the recovery bubble and then are we going to see a downside,” Taylor said. “We’re lucky we didn’t, sales have continued to rise and our tenants continue to do better, but at the same time, I’ll be honest, I’m waiting to watch it every month and see that he has disappeared.”

A drop in some numbers is desirable, such as foreclosures, which were down 82% to 267 last year from 1,482 total filings in 2014. Liens were down 80% to 2,841.

Those numbers are also indicative of the pandemic, according to Butler County Clerk Mary Swain.

“While it is gratifying that foreclosure and lien filings have declined significantly in 2020 and 2021, we attribute the decrease to the moratorium placed on such filings during the pandemic period,” Swain said. “We sincerely hope that these deposits will not increase to pre-COVID levels in the future.”

In the recent hot housing market, property transfer taxes rose 78% to $8.27 million, new building permits jumped 20.7% to 727 last year and the price median home sales rose 42.2% to $239,000. Butler County Auditor Roger Reynolds said he was ‘cautiously optimistic’ about the housing market, but as many people have said the future is unpredictable, especially with inflation galloping.

“What we’re seeing now and hearing is that inflation continues to soar, there’s got to be a downturn coming, the big question is when and how bad will it be,” Reynolds said. “What we’re hoping for is that we see some inflation cooling and a soft reset, but given the unknowns, there’s just a lot of unknowns. No one can predict if this will be a landing. smoothly or if there is a potential crash ahead of us.”

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