UPDATE: Fate of this year's Homearama

By Stefano DiPietrantonio – bio |email

UPDATE: The Greater Cincinnati Builders Association said Friday that a decision was made during a Thursday meeting to continue Homearama.

Officials say the location, dates and participating builders will be announced in the near future.

CINCINNATI, OH (FOX10) - When's the last time you went to a "Homearama"? Well, that could have been your last.

The Greater Cincinnati Builders Association had a long meeting Thursday. There has been a steady decline in interest and in sales of the now massive "Homearama" homes.

So, will there be any new homes to showcase this year?

"Homearama" has been around for decades and the homes started out looking rather modest. For example, the homes in a quiet Forest Park development, called "inner Circle."

True to it's name, once you get past an island of shrubbery, there is a circle of homes ranging in sizes and styles. There is an Asian-inspired, pagoda-like roof on one house right next door to a more substantial, traditional brick home.

But a lot has changed since the groovy 70's. "Homearama" homes have grown into super-sized mega-mansions.

"The lower levels are definitely something to see," said Dick Marino in an interview from 2008 at an opening of a "Homearama" home in Warren County.

This particular home was loaded with every amenity you could ever want.

"Wi-fi's, LCD's, some of these houses have 7 and 8 TVs, sports bars are big," Marino said.

Is it possible no one, whether it be builder or buyer, has the financial appetite left to step up to the now uber-pricey real estate plate? We found signs of an already eroding market back in 2008 with this interview with Dan Hendricks, then Home Builders Association Executive Director.

"Our mortgage markets are being impacted to where it's more difficult for our builders to get financing for spec homes especially ones that are of the top price range," Hendricks said.

Our cameras were not allowed inside the closed-door meeting of the Greater Cincinnati Builders Association's meeting Thursday night, where we're told the fate of this year's "Homearama" was on the table.

FOX19 left messages with the Builders Association but have not heard back on a decision.

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