Cleveland Real Estate News

It’s been a while since I have done stats for all six counties (Ashtabula, Cuyahoga, Geauga, Lake, Lorain and Medina). Here are a few results for home sales during the month of July: 1. The average sale price was down 11.4% from the July results for 2007. 2. The July 2007 average sale price for [...]

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You may have noticed some posts missing! Well, I experienced some technical difficulties and because of complacency had not kept copies of my posts. Yes I know, lesson learned! Anyway, I am going to try to recreate some of the posts that were lost, especially the ones involving home sale data. So let’s start with [...]

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If there is money to be made you can bet someone is figuring out a way to scam people. This PD article by Michael O’Malley gives examples of the latest rental scam where someone poses as the owner of a house, gets up front money from a potential tenant, then disappears and in this case, [...]

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Cleveland has a land bank, and it’s going to grow once they start tearing down more vacant houses. You can buy the land on the cheap ($100 for a buildable lot), but then what to put on it? Seemed like a good time to browse the net and find out what was available in pre-fab [...]

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Transit oriented development (TOD) has been a hot button for a decade. I was on the bus yesterday and passed a gas station on Lorain selling regular fuel for $4.05/gallon. We have one of the original transit systems in the Country right here in NE Ohio, in the form of The Shaker Rapid. Many of [...]

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You’ve saved up a nest egg, at least a little one.  You would like to own a home, and you think you’d feel more secure if you bought a multi-family home you could live in and also collect some rent each month. My suggestion: at least explore the possibility of doing that in Lakewood. I’ve [...]

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Mark Gillispie of the PD did a chicken little piece today and so far there are 31 comments all gloom and doom about Cleveland. It’s getting old no? I know I’m tired of it. He queries in his blog post title, Has Housing Market Hit Rock Bottom?  Well you could have bought a home a [...]

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I read a long article this morning that actually covered quite a few angles on this issue. Is It Time To Buy Real Estate by Vicki Gerson. It’s worth reading, it reiterates some points we’ve (myself and commenters) made on this blog in prior posts. And of course I don’t agree with everything they say. One of the [...]

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Why did I post a heading with today’s mortgage rate? My mind is all over the place thinking about phone calls I’ve gotten this week, on my cell and while on floor duty at the office. Maybe I’m a little slow, but I am finally understanding why so many people are asking me ‘do you [...]

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