CNN Money published a study today on the future value of homes all over the nation. After looking through the home value tool, the outlook for Cincinnati real estate is fairly similar to that of the rest of Ohio. The state will see about a 5% drop in home values over the course of 2008 with the depreciation slowing to a less than 1% fall in 2009.

What this means to the average home buyer is that if you are looking to move up market, it is time to take a look and make a move. Moving up market in a housing slowdown is a financially rewarding thing if you are in a position to take advantage of the value changes and potentially save money in the equation.

If you are moving from a $150,000 home to a $250,000 that is a $100,000 jump. If both homes sell for 5% less due to the market you are moving from a $142,500 home to a $237,500 home in a $95,000 jump. Same homes in question. $5,000 savings. Moreover the new house property tax will be assessed at the 5% lower sale price.