News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

The Holden Arboretum


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Home prices in Cleveland and most of nation continue rising
Realtors say it's the start of a slow recovery in Cleveland, elsewhere

by WKSU's KEVIN NIEDERMIER


Reporter
Kevin Niedermier
 
Courtesy of realtyexecutives
Download (WKSU Only)
In The Region:

The nation’s average home prices have risen for the sixth straight month, and the Cleveland market is among the winners. But as WKSU’s Kevin Niedermier reports, the news is still mixed in one of the country’s hardest hit housing markets.

Click to listen

Other options:
Windows Media / MP3 Download (1:20)


Standard and Poor’s Case-Shiller Home Price Index shows Cleveland’s single family home prices climbed 3 percent in September compared to the same time last year. That means average prices are about the same as they were 11 years ago. Nationwide, home prices are up 3.6 percent according to the report. The Chairman-elect of the Cleveland Area Board of Realtors, Joann Zettl, says the Cleveland numbers indicate the market has stabilized. But she says home prices still vary widely from neighborhood to neighborhood, and not all sellers are getting the same results.

“It’s still tough, and varies depending on individual situations like when someone purchased their home, did they refinance it? If they pulled the equity out and now need to sell it when values have declined they’re potentially in a situation where they have to bring money to the table. So, everyone’s particular situation determines how they view the market.”       

Zettl says momentum in the housing market will depend on interest rates staying low, and, whether Congress eliminates the mortgage interest deduction on income tax returns as part of a deal to reduce the deficit. Home prices continue to lag behind in Detroit, Las Vegas and Atlanta.
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Ohio's Supreme Court narrowly upholds Ashford Thompson's death sentence
"Justices" William O’Neill, Paul Pfeifer and Judith Lanzinger should all be immediately removed from the court. If they could actually believe that this murde...

Ohio's Sen. Brown is pushing for more assistance for homeless vets
That would be a great program to have for the homeless vets. Many of them are still suffering from PTSD even from the Vietnam war.

Lordstown GM plant plans to install 8,500 solar panels
How much will this solar array cost? How is it being funded, and who is really paying for it? How much real useful electricity will it actually produce in MEh p...

Local Ebola concerns cause officials to pay more attention to West Africa
I have a better idea, let's secure our borders and spend those billions of dollars on our own first.

HUD and Cuyahoga Land Bank extend a housing deal for another year
Need to sale lot, and would like to know how to contact someone to see if they may be interested in the property that sat between two lots. If you can give me...

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University