Cleveland Real Estate News

I know people who have done this.  One person in Columbus.  One near CWRU (Case).  The one in Columbus? They bought a 3 BR/2ba home.  Small but very near the OSU campus.  Their son lived in it with two other roommates, they wound up responsible for only 90/month towards mortgage, other roomies paid rest – [...]

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There was this article on WKYC’s website this afternoon.  Economists are always using new construction figures as benchmarks in how our economy is doing.  Here in NE Ohio, I’m not sure it’s that important. What do you think?  We have a healthy housing stock and many homes for sale. In addition to homes for sale [...]

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Yes, doing a different kind of examination this time. My curiosity was up because people have been calling to list and sell their homes since 2011 began.  First, I divided Cleveland stats into west and east. And yes, from March 1st until today, 1,277 homes were sold through area brokerages on Cleveland’s west side.  This [...]

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By now you know the drill, these are stats for homes bought and sold with area brokers, I am examining sales for single family homes (which includes town homes, which is important in this zip code). If we were examining my 44111 neighborhood, no town homes! Since 44113 encompasses Tremont and Ohio City, you have [...]

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This is a large area, but buyers search this entire area for homes.  It encompasses about four neighborhoods in Cleveland’s west side, and some of these zip codes overlap in neighborhoods.  For example, if someone wants to buy a home in West Park, they will probably be looking in both zip codes.  Kamm’s Corner is [...]

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Sometimes it’s hard to pick up a pattern of how, where and why people look for homes in certain areas.  No hard and fast rules or trends, but when you work in real estate long enough, you do see certain patterns.  These three areas are sometimes all on a single buyer’s search list. What are [...]

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I talked with several people this past week – home owners who have not been able to make their mortgage payments for at least a few months. They want to try a short sale instead of allowing their homes to go into foreclosure. A short sale means you owe a certain amount of money but you want your [...]

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I’m excited to be able to connect with you ….my Christmas Eve present was a computer virus!  I have my computer back and so it’s time to blog.  And since it’s January 2011, it’s time for the home sale series.  This year I’m going to give you 2010 stats but also compare them to 2009 [...]

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Yes, it’s a pattern and the pattern repeats in this zip code.  44109 is a unique neighborhood with active community organizations, artists, laborers, firemen, police officers and everything in between. It’s easy to see why someone wants to move here, let’s see what enticed them to write an offer over the last month or so. [...]

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The criteria is not based on how many are available, but (as Market Watch states):  The selected locations offer an average sales price discount of at least 35% on foreclosure purchases, positive year-over-year growth in median home prices and relatively low unemployment rates. This info comes from NAR and RealtyTrac but I like the  Market [...]

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