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 different. The report states that Akron has recovered nearly 99% of their home values, so there’s a lot of variability in the region.
As the old saying goes, all real estate is local. They say that about politics, too, but this isn’t a political blog. Some of us have done even better than the 94%. If you want to know how the recovery has gone for your area, we can have a great tool called TrendGrafix that we can use to show you historical home values and tons of other great information. Call us.
If you want to know about politics don’t call us.