Cleveland Real Estate News

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I had a request for two home sales analyses.  One request was for Lakewood home sales data.  Let’s take a look at what has been happening over the last six months and whether buyers are buying in Lakewood now. There are 103 single family homes for sale by area brokerages in Lakewood Ohio as of [...]

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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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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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We keep asking, is the economy improving, are housing sales improving?  And lots of people have weighed in.  Here are eight communities to start off this type of comparison/discussion as it relates to home sales in NE Ohio.  I’m comparing sales in these eight communities ranging from April through July in each of the two [...]

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Most of my home buyer clients wistfully wish they had 20% of the price of the home they want to use as a down payment. Lots of reasons, but the main one is that once you can hit that 20% mark, you don’t have to tack on extra monthly PMI insurance  charges to your mortgage. [...]

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The Case Shiller Report studies 20 metropolitan regions in the U.S.  The August Report shows that Cleveland and Boston were the only two regions out of twenty to show an increase. The report is here and an excerpt: For the August/July period only 2 regions, Cleveland and Boston, had positive returns. Cleveland returned +1.1% and [...]

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The computer listing service on the web those of us in the business utilize (NORMLS) gave us statistics on homes and condos sold in all of Northeast Ohio since 2007 began. This means Bratenahl, Medina, Avon Lake, Cleveland, Parma, the whole ball of wax. Here is some data: Homes and Condos sold, on average, after [...]

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