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homes in beachwood oh: THE REAL ESTATE MARKET'S NEW NORMAL? - 02/03/10 06:50 PM
Don't hold your breath if you're waiting for the real estate market to return to what it was like before the downturn. The author of a new study called "Housing in America" claims that we can look forward instead to what he calls a "new normal."

John McIlwain, the Urban Land Institute's resident fellow says that 2010 will bring an additional ten-percent decrease in residential property prices as well as increasingly more borrowers walking away from underwater mortgages. McIlwain says he expects the subsequent market recovery to be a one to two-percent per/year appreciation in home prices, and that the number of Americans … (1 comments)

homes in beachwood oh: APARTMENT VACANCY RATE HITS 30-YEAR HIGH! - 01/11/10 09:06 PM
Real estate research firm Reis, Inc. reports that apartment vacancies rose to 8-percent in the last quarter of 2009. As a result many large apartment complex owners have been forced to reduce rents. One year ago the vacancy rate was 6.7%. The blame for the recent downturn goes to the recession and to job losses and/or fear of job loss,

Apartment Vacancy Rates Hit 30-year High.
Resi has been tracking apartment vacancy rates for 30 years and an eight-percent rate is the highest on record.
That being said, the MLS in Northeast Ohio's eastern suburbs is not exactly flooded with rentals. … (3 comments)

 
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Mark & Elly Ostrovsky

Beachwood, OH

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Howard Hanna Smythe Cramer

Address: 28879 Chagrin Blvd., Woodmere Village, OH, 44122

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