Nat’l Assoc. of Realtors Housing Affordability Index- up to a record high of 205.9 for the spring quarter (100 means median-income family can afford median-priced home with 20% down and 25% of income devoted to principal and interest payments)
Bureau of Labor Statistics (July 2012) Unemployment in the Cleveland-Elyria-Mentor area dropped from 8% the previous quarter to 7.3%
U.S. Census Bureau (July 2012) Nationally, sales of single family homes rose 3.6% over June and 25.3% over July of 2011 … (0 comments)
real estate sales: Cleveland Heights sales trends
- 08/26/08 02:15 AM
Here is a summary of the absorption rates of homes for sale in Cleveland Heights for June, July, and August (up to August 24) These figures are based on data from the local MLS JUNE Less than $100,000- 53% $100,000-200,000- 20% $200,000-$300,000- 14% $300,000+ 23% JULY Less than $100,000- 55% $100,000-200,000- 14% $200,000-$300,000- 11% $300,000+ 18% AUGUST Less than $100,000- 52% $100,000-200,000- 8% $200,000-$300,000- 13% $300,000+ 8% Conclusion: the fastest selling homes are those under $100,000. June was the strongest month for sales, as expected, and then July and August saw a significant drop in the absorbtion rate for homes over $100,000, … (0 comments)
For those of you who follow these things, you may find this interesting! Good, if not great news...
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