Cleveland, OH Condo Blog

Blog with news about the Cleveland OH high-rise condominium and loft market.

There are currently 96 blog entries related to this category.

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In Rescue to Stabilize Lending, U.S. Takes Over Mortgage Finance Titans

Tuesday, September 23rd, 2008 at 11:55pm. 0 Comments.

~Compliments of the New York Times

By STEPHEN LABATON and EDMUND L. ANDREWSPublished: September 7, 2008

WASHINGTON — The Bush administration seized control of the nation’s two largest mortgage finance companies on Sunday, seeking to shrink drastically their outsize influence on Wall Street and on Capitol Hill while at the same time counting on them to pull the nation out of its worst housing crisis in decades.

The bailout plan for the companies, Fannie Mae and Freddie Mac, a seismic event in a year of repeated financial crises followed by aggressive federal intervention, places the companies in a government conservatorship, much like a bankruptcy reorganization. The plan also replaces the management of the companies.

The rescue

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Keller Williams Ranked #1 Nationally with Buyers!

Monday, September 15th, 2008 at 5:48pm. 0 Comments.

We are pleased to let you know that according to a recent national survey, Keller Williams Realty has received the highest overall satisfaction ratings from home buyers among all the largest, full-service real estate firms in the country! As reported on the Inman News Website in late August, the study measures home buyers' customer satisfaction. To read this article from Inman, click here.


The results were determined in three categories, including satisfaction with their agent, office and services provided. Keller Williams Realty topped all three areas, therefore receiving the highest score in overall satisfaction.

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$5,000-$15000 For University Circle Employees Looking For a House!!!

Monday, September 15th, 2008 at 5:33pm. 0 Comments.

Greater Circle Living offers a $5,000 forgivable loan for down payment and/or closing costs for the purchase of an owner-occupied home by full-time employees of any nonprofit institution in Greater University Circle (see map).

Loans are forgiven if the employee continues to work for a participating Greater University Circle institution (see your employer for specific eligibility requirements) and continues to occupy the residence for five years after the loan closes.

Employees of Case Western Reserve University, Cleveland Clinic, Cleveland Museum of Art, Judson at University Circle and University Hospitals may be eligible for an additional $10,000 forgivable loan for down payment or closing costs for the purchase of an owner-occupied home, or one

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NCHAMP Back to 3% DOWN!?!?!?!?!?

Tuesday, August 12th, 2008 at 7:15pm. 1 Comments.

National City discount financing “NCHAMP” NOW only requires 3% down on select condos.

If you have heard about and been following this terrific program that National City Mortgage offers for new construction in Cleveland, then you know why this is such great news.  If not, let me try and shed some light on the issue.  

 

One of the great selling points for people looking to move downtown is that National City is able to offer 1.5% off the interest rate you would get approved for when you purchase a newly constructed condo/townhouse in Cleveland.  This program is called NCHAMP.  In the beginning this type of loan was offered with zero money down.  Then it changed to 5% down, then 10% and finally 15%.  This was all fine and good for some people but

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$7,500 TAX CREDIT FOR FIRST TIME HOME BUYERS!!!!

Tuesday, August 12th, 2008 at 4:48pm. 0 Comments.

Opportunity of a Lifetime for First-Time Buyers

For aspiring home owners who find their goal stubbornly elusive, newly enacted legislation providing a tax credit of as much as $7,500 for first-time home buyers might just be the opportunity of a lifetime.

But like so many of the good things in life, time is of the essence for buyers who want to take advantage of this outstanding opportunity. Only homes purchased on or after April 9, 2008 and before July 1, 2009 are eligible.

First-Time Home Buyer Tax Credit at a Glance

  • The tax credit is available for first-time home buyers only.
  • The maximum credit amount is $7,500.
  • The credit is available for homes purchased on or after April 9, 2008 and before
    July 1, 2009.

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Cleveland area housing prices up first time in year

Thursday, June 26th, 2008 at 4:57pm. 0 Comments.

Cleveland area housing prices up first time in year


*Compliments of The Plain Dealer 6.24.08.

Home prices in the Cleveland area increased in April for the first time in almost a year, with improvement across all price levels, according to data released Tuesday.

The Standard & Poor's/Case-Shiller home-price index looks at existing single-family homes sold in 20 major markets, including the Cleveland-Elyria-Mentor area.

Nationally, the index dropped 1.4 percent from March to April. But the Cleveland-area index rose 2.9 percent, marking the first month-to-month home price increase here since May of last year -- and the biggest one-month gain in the 20 metro areas.

The index for lower-priced homes in Greater Cleveland rose the most --

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Ohio City Run & Crawl

Monday, June 23rd, 2008 at 10:52pm. 0 Comments.

This past Saturday marked the third annual Ohio City Run & Crawl.  It consisted of a 5k run followed by lots of celebrating and or “pub crawling.”  This event was significant for a few reasons.

Number one, I participated and it was the first organized run I had ever finished so I was very proud.  

More importantly, however, it was a symbol of what places like Ohio City and Tremont and Detroit Shoreway really offer to their residents.  You are getting more than close proximity to downtown, you are getting a community to belong to, rich in culture, arts and events.  As I was struggling to finish miles two and three, I couldn’t help but notice all the people lining the streets that were out of their houses and cheering us on. Businesses had opened

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Rising Gas Prices Could Draw People Back to the City.

Thursday, June 19th, 2008 at 12:39pm. 0 Comments.

There has been a lot of talk about the horrors of rising gas prices.  It will probably be the main topic of debate in the upcoming presidential election.  The fact is, if you really want people to react and pay attention to something it usually occurs when it hits their wallet.  I can’t lie, I am often the same way.

 

If there is a silver lining in all of this it is that these bloated gas prices can only positively affect downtown Cleveland city real estate.  Gone are the days where working families could justify driving 45 minutes each way to work so they could live in some far off suburb isolated from their job in the city.  

 

Suddenly people are realizing that maybe living in the city isn’t such a bad idea, and oh by the way, the tax

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Live in Cleveland Heights for HALF THE TAXES!!! Right around the Corner from The Clinic and University Circle!

Wednesday, May 7th, 2008 at 8:21pm. 0 Comments.

 

If you are looking for a home in Cleveland Heights but have shied away due to the high taxes read on…

 

The Bluestone Community, on of the city’s newest and most luxurious spots is working vigorously to finish the first condo phase of the project.  If you are driving down Mayfield by South Taylor you might have noticed this building going up.

 

For anyone working in the University Circle district, you can’t beat the location and the best part is you can live in Cleveland Heights but only be responsible for half the taxes because of the tax abatement Bluestone and the city offer.  That means you can take advantage of all the wonderful community attributes for half the price and be a five minute drive from The Circle!

 

I will be

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Great First Quarter for Cleveland Real Estate!

Tuesday, May 6th, 2008 at 3:53pm. 0 Comments.

What a great first quarter to 2008 we are having at highrises.com in Cleveland!!!!

 

Sorry I have been away from the blog for a little while, for you avid readers.

We have been having a steady flow of out-of-towners coming into Cleveland and ready to buy over the past few months, which is terrific.  Funny thing is, when talking to these people, what I don’t hear is what a depressed market it is and how we are going into a recession and how the world is ending…

 

What I do hear is that people see the beginnings of something truly special happening in Cleveland and they want a piece of it!  Seems like the only people who are preaching the negative are my fellow Clevelander’s.  Come on people!  Its time for a change in our belief system,

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