Best Places to Buy Foreclosures and Short Sales
NEW YORK CNN MONEY, March 8, 2013 – Shoppers willing to buy homes sold in foreclosures or short sales are nabbing them at deep discounts, especially if they know where to look.
Nationwide, the average discount on homes sold in a foreclosure was 39% below c
Ohio’s Second Oil Boom
Joshua Todd,January 8, 2013 – In the late 19th Century, Ohio – especially northeastern Ohio—was rich in crude oil. A Clevelander named John D. Rockefeller put the resource to use, first using it to make kerosene and later gasoline. Through competition, he even devised a pipeline sy
Home Affordability Returns to Pre-Bubble Levels
Nick Timiraos, The Wall Street Journal – Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery.
Data provided by Moody’s Analytics track the rati
Cleveland’s Innovation Economy Grows as Venture Capital Streams into the Region
Robert L. Smith, September 18, 2012 – In a former elevator factory near Cleveland’s burgeoning Health-Tech Corridor, scientists for a company called Juventas Therapeutics pursue Cleveland-style entrepreneurship.
Unemployment Rates Fall in 95 percent of U.S. Cities
Unemployment is consistently improving each month in Cleveland!!
AP, October 30, 2012 – Unemployment rates fell in nearly all large U.S. cities in September from August, a sign that recent jobs gains have been widespread.
The Labor Department says
Rise in Tourism Revitalizes Cleveland Economy
September 13, 2012 – Travel and tourism are on the rise in Cleveland. And, the results showcase how this industry is helping to revitalize the economy.
Positively Cleveland, the region’s convention and visitors bureau, released new data detailing the econ
Economic Development Department Highlights Major Projects
This report on major development projects undertaken by the City showcases those which provide significant investment in Cleveland, and highlights the public- private partnerships that are critical to the growth and success of the City.
Wall Street Seeking Rentals!
It seems Wall Street is making the most of the economy; this CNNMoney article describes why NOW is the time to get into Cash Flow Properties!!
Stephen Gandel, July 24, 2012 – All of a sudden, it seems, everyone on Wall Street wants a foreclosed home.
FORTUNE –Your house
Northeast Ohio Home Sales Stay Strong
Just in: U.S. home sales are up 9 percent from this time last year, and home sales in Northeast Ohio are up 20 percent from last year!!! Be sure to check out the news clip at the bottom that goes with this article from NBC Channel 3, WKYC.
Dick Russ, October 9, 201
Cleveland Area Unemployment Rate Falls to 6.9%
October 5, 2012 – The latest report from the Bureau of Labor Statistics has the unemployment rate for the Greater Cleveland area falling to 6.9% That’s a multi-year low and puts Cleveland in a tie with Dallas for the 11th lowest unemployment rate among larg
Economists: Housing Recovery Finally Here
Chris Isidore, October 3, 2012 – It’s been a long time coming, but economists surveyed by CNNMoney believe the nation’s housing market has finally turned the corner.
Of the 14 economists who answered questions about home prices in the survey, nine believe that p
Private Equity Could Be Your Next Landlord
Large Wall Street firms are buying up homes by the tens of thousands across the country. Now is the time to take advantage of rock bottom prices, usually 50-75% of replacement value, and secure 15%+ returns on your investment. Take a look at this video from CN
Northeast Ohio Home Sales Climb 15.5% in August From Year Ago
Home Sales Climb Again! The Cleveland market has bottomed and prices are now on the rise. It’s not too late for you to secure your position in a cash flowing investment property around the Cleveland area. Lock in your returns now and purchase
America’s Most Overvalued – and Undervalued – Cities
Les Christie, CNNMoney – Can a housing market simultaneously be the most undervalued in the nation and one of the worst housing buys? It can if it’s Las Vegas.
Sin City recently drew a rating of “Frankly Dangerous” — the worst possible — from Local
The British Are Coming – And They’re Bringing Jobs
Here is a great article about another company bringing employment opportunities to the ever expanding city of Cleveland!!
September 1, 2012 – Alexander Mann, a global recruiting and personnel services company has named Cleveland as home to its new A
Why NOW is the Best Time to Invest in U.S. Real Estate (Part 1)
Every good investor knows there’s a time to buy, and a time to sell. In the United States, it’s definitely buy time.
You may have read that the real estate sector is still sluggish and reeling from the effects of the economic downturn, but
Things are looking up
Why the U.S. real estate cycle is finally on the rise
You’ve probably heard investors or market experts mention the term “real estate cycle.” This term refers to the 18-year patterns of peaks and valleys first introduced by real estate
How Can Location Affect Your ROI?
When evaluating the potential cash flow of a real estate investment opportunity, investors often make the mistake of basing their decisions solely on the price of the property and the rental fee that’s charged to tenants—but it’s also crucial to take into account the