Cleveland - Articles

For Sale: Affordable Homes in the Most Affordable Markets

ZillowWhat's affordable in Minneapolis? This charming and updated three-bedroom, two-bathroom bungalow. By Sharona Ott Some metros are known for their sky-high home prices. However, metros with affordable homes for sale do exist! We define a market as affordable if a buyer who makes the area's median income can afford... Continue Reading »

Cities With the Most Foreclosures

ZillowFlorida is still the state with the highest rate of foreclosures, such as this one for sale in Port St. Lucie. Bank repossessions of homes are at their lowest level since July 2007. But foreclosures rose 4 percent from February to March as 117,485 U.S. properties were foreclosed last month, according to a new... Continue Reading »

Top 10 Buyer's and Seller's Markets in the U.S.

Zillow As the spring home shopping season heats up, buyers and sellers nationwide can expect very different experiences when it comes to negotiating power. Zillow took a look at recent data to determine markets where sellers have the power and those where buyers are in control. (View the full chart below.) Our analysis... Continue Reading »

Mid-Priced Homes for Sale in Top Buyer's Markets

Zillow By Sharona Ott Looking at homes in a buyer's market? You're in luck. In buyer's markets, homes stay on the market longer, price cuts occur more frequently and homes are sold for less relative to their listing price, giving buyers more negotiating power. Zillow today announced the top markets for buyers and... Continue Reading »

Ohio Tops List of Places Where Homebuying Beats Renting

Zillow By Geoff Williams When Kathleen Quinn and her husband recently moved from New York City to the Cleveland area, they never even considered renting. Instead, they bought a $293,000 house in the suburb of Avon and could not be happier. "I was done with watching my money fly out the door to a landlord and not... Continue Reading »

Ariel Castro's Cleveland Home Becomes a 'Tourist Destination'

The white-shingled, two-story home at 2207 Seymour Ave. in Cleveland might look like many American homes from the outside -- if it weren't for the tall chain-link fence now surrounding it and the crowds of visitors fighting to take pictures. The home, where Ariel Castro allegedly held Amanda Berry, Gina DeJesus and... Continue Reading »

Wells Fargo to Pay $175 Million to Settle Case of Race Discrimination in Mortgage Lending

WASHINGTON -- Wells Fargo & Co has agreed to pay $125 million to resolve allegations it discriminated against certain borrowers on the basis of race and national origin in its mortgage lending, the U.S. government said on Thursday. Wells Fargo also agreed to contribute $50 million to help those buyers making down... Continue Reading »

Foreclosure Tours, Big Discounts Sell Homes in the Midwest

In vacation home meccas such as California, Florida and Las Vegas -- where foreclosure numbers soared during the housing meltdown -- real estate agents have been employing a new sales tactic: foreclosure bus tours. Next stop? Cincinnati. According to The Cincinnati Enquirer, the trend -- in which Realtors organize... Continue Reading »

Drew Carey Is Wrong About Cleveland

Urban planning is architecture's less glamorous sibling: If architecture gets Brad Pitt as a celebrity student, it's only fitting that planning gets TV's Drew Carey. Carey grew up in Cleveland, a city that desperately needs better public schools and better prospects for the professional people who want to live in its... Continue Reading »

Future Farmers of the Mall

Quick, name three things in your local mall. Did you say "farm"? Probably not. Perhaps you envisioned listless teenagers, stale pretzels or exercise-minded senior citizens - you would not be alone in listing these ho-hum responses. The country is littered with disinterest in dead malls. But don't dismiss the shopping... Continue Reading »

HUD Grants $2Bil to Repair Nabes and Knock Down Homes

What's a city supposed to do when foreclosures tally into the thousands and streets are glutted with far more empty, falling-apart houses than people willing to live in them? For a growing number of cities, a big part of the answer is: knock 'em down. The U.S. Department of Housing and Urban Development has awarded $2... Continue Reading »

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