The Weiner Real Estate Group would like to share the latest real estate update from co-authors of the Millionaire Real Estate Agent, Dave Jenks and Jay Papasan.
This is an update on the latest key real estate numbers: homes sales, home prices, inventory, and interest rates.
(http://www.youtube.com/watch?v=YR96K8Ck5j8)
Home sales are up 1.4% nation wide from 2007 to 2008. This is the first up turn in sales since 2005. Home prices are still down about 9% from last year. Interest rates are holding and inventory is declining.
Housing affordability has improved by 17%. This is the highest it has been in 4 years. This means that we are heading towards a more balanced market.
for more information on the current Cleveland Real estate market, please contact Erin Snyder Oakley at 216-410-8221 or by email at info@NoPlaceLikeCleveland.com
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