buying a home in Cleveland, buying homes to lease, Buying Income properties, Buying Real Estate, buying rental properties, cash flow real estate, buying and selling homes, finding the best realtor, professional real estate agents, real estate companies, Selling homes fast, selling houses quickly,

House-price growth accelerates in Cleveland

Dated: 08/29/2018

Views: 4

This study comes from by Michelle Jarboe that shows a nice steady growth in Cleveland Real Estate. Let's get into the details and examples 

"Nationwide prices surpassed their pre-recession peak in early 2017 and are up 10.8 percent, according to Case-Shiller's data. Among the 20 major metropolitan areas highlighted in the report, Cleveland still is lagging, with the most modest rebound of any market."
That shows strength in the Cleveland Market, great steady growth and quality housing stock. Let's face it a lot of local buyers have not seen a good home market for a while. Cleveland is unique because of the variety of residential homes. You can buy a nice ranch home for $100k or $1 Million and they are both in quality areas.
"Compared with a year before, Cleveland-area prices were up 5.1 percent in June. That compared with a 6.2 percent annual gain nationwide. Chicago, New York and Washington, D.C., posted slimmer growth than Cleveland, while prices in all of the other cities rose more rapidly."
I like the 5.1 percent growth and the lower priced homes effect on the housing price numbers. In the cities mentioned above I would dare you to find a nice home for under $250,000. Some of the cities in the surrounding Cleveland real estate marker are land locked and cannot build new homes to get the prices up. That also has to be considered when purchasing a home for equity growth.
Great time to look at buying a home or investing in one. New homes are being built and when they start reselling prices should spike again. I'm Brett 216-703-5740 EXP Realty Ohio and 602-363-6551 EXP Realty Arizona  Over 1000+ transactions and counting

Check out our unique Real Estate Services and Advantages

We respect your email privacy
Email Marketing by AWeber
Blog author image

Brett Young

With over 17 years in the real estate industry, Brett’s primary focus has been on the improvement of housing in neighborhoods . He cooperates well with other brokers and agents that have clients in ....

Latest Blog Posts

Northeast Ohio house prices up a lot

Good news for the Cleveland Metro market especially Cuyahoga County. That counties prices rose 9%.... " In Cuyahoga County, the average sale price for a new or previously owned house or condominium

Read More

Bringing back the fun income real estate...Really

Having been in the real estate business since 1985 you learn a lot of what and what not to do. Having all the knowledge of 33 years buying and managing my income real estate there are some do's and

Read More

Getting the higher prices and higher rents requires knowledge

 When your looking at adding value to any property you need to understand what is needed and what it will cost. I am consistently consulting clients about what is needed and the cost for

Read More

Real Estate and Managing Portfolios

Managing portfolios and purchasing properties is something I’ve done for a lot of years. I have personally buying my own properties and purchased many properties for my clients. Let’s

Read More