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Some Highlights The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of [...]
According to Homes.com Local Market Report, Cleveland home values have recovered more than 94% of the value lost during the housing bubble burst. Nationally, more than half the markets have reached 100%, in other words they have recovered their lost equity from the downturn. The report labels Cleveland as Cleveland-Elyria, and values in different suburbs will be [...]