This past year has brought monumental change and uncertainty to the real estate industry and economic environment. From the mortgage crisis, to the housing market, to today’s rising fuel costs, consumers feel the pressure at every turn.
During this time, there are those choosing to shift their thinking toward the return to urban cores, reducing reliance on automobiles and promoting healthier lifestyles through walkable neighborhoods.
Across the country, and here in Cleveland, new developments are underway, the real estate forecast is starting to brighten, but more importantly, people are taking action and gaining control of their futures by investing in downtown living.
The Plain Dealer has recently taken note of the progress in Cleveland, and reader interest in the topic, with the launch of a Real Estate News section on Cleveland.com. Here reporters Shaheen Samavati and Michelle Jarboe guide readers through news and notes about construction and communities in Northeast Ohio, including some of the timely selections below:
Guided tour of Northeast Ohio's new home construction projects
Check out the video on that highlights new construction in Northeast Ohio and features The Avenue District.
| Home building in Greater Cleveland |
Cleveland area housing prices up first time in year
Shaheen Samavati
June 25, 2008
"Home prices in the Cleveland area increased in April for the first time in almost a year, with improvement across all price levels, according to data released Tuesday.
The Standard & Poor's/Case-Shiller home-price index looks at existing single-family homes sold in 20 major markets, including the Cleveland-Elyria-Mentor area.
Nationally, the index dropped 1.4 percent from March to April. But the Cleveland-area index rose 2.9 percent, marking the first month-to-month home price increase here since May of last year -- and the biggest one-month gain in the 20 metro areas..."
You can view the full article, and other articles and blog posts, at http://www.cleveland.com/realestatenews/
