September Cleveland Heights Absorption Rates

When listing your home, it's helpful to know and understand what the 'absorption rate' is for homes in the area.  By definition, this is the number (shown as a percentage) of homes currently on the market that will actually sell during a given period of time. This number fluctuates with the season and varies from city to city, price point to price point.

Below are current figures for Cleveland Heights, and reflect the rate at which homes are currently selling during a one month period:

Overall absorption rate for Cleveland Heights:  10%
$0 - $100,000           14%
$101,000 - $250,000 6%
$251,000 - $500,000 8%
$501,000 and up       0%

Housing reform brings bevy of ideas at forum in Cleveland | cleveland.com

Determined to avoid some of the factors that  led to the most recent housing meltdown, experts gathered to brainstorm.

Housing reform brings bevy of ideas at forum in Cleveland | cleveland.com

snopes.com: 3.8% Tax on Real Estate Transactions

There is some confusion (and misinformation) regarding the 3.8% tax on real estate transactions, as implemented by the healthcare bill.  See this link for further explanation, and exactly who will be hit by this tax (hint, not many of us!).

snopes.com: 3.8% Tax on Real Estate Transactions

Weatherproof Your Home : Projects : DIY Network

I’ll be posting a number of tips over the coming weeks for homeowners looking to save money on their utility bills this winter.  Cleveland isn’t known for its easy winters.  Taking the time to secure weatherproof your home now will certainly pay off in the winter months.

 

Weatherproof Your Home : Projects : DIY Network

10 Reasons To Buy a Home - WSJ.com

And now the more upbeat news from the Wall Street Journal.  Owning a home still has many benefits, and though the last few years have taught us some hard lessons about real estate, the upside still outweighs the downside.

 

10 Reasons To Buy a Home - WSJ.com

Desperate Measures: Home Sellers Continue Slashing Prices - Developments - WSJ

First, the gloomy news from the Wall Street Journal. Sellers all over the country are taking hits and slashing prices just to move their homes.

Desperate Measures: Home Sellers Continue Slashing Prices - Developments - WSJ

Housing Recovery in Only Two Areas, Says Federal Reserve Report

And one of them is Cleveland! That’s right, we are in an elite group, according to this report.  Cleveland and St. Louis are the only two areas of the country showing any comeback in the housing market, which is great news for us Northeast Ohioans. Read more at the link below.

Housing Recovery in Only Two Areas, Says Federal Reserve Report

University Circle study shows opportunities for residential development | cleveland.com

A consistent bright spot in this tough economy, University Circle has weathered the storm like no other area in Northeast Ohio.  The residential and commercial successes in this area continue to defy the odds.

 

University Circle study shows opportunities for residential development | cleveland.com

2010 Cleveland Garlic Festival - Sept. 11th & 12th

Vampires be on alert. The Cleveland Garlic Festival takes place at Shaker Square (Shaker/Cleveland border) September 11th & 12th. Breath mint, anyone?

 

2010 Cleveland Garlic Festival - Sept. 11th & 12th