“CNBC’s Diana Olick takes a look at Cleveland’s home market, as prices soar due to a lack of supply in one of America’s most affordable metros.
Prices across the Cleveland metro have risen an incredible 175% year-over-year, reaching $109,000 in April–and within the city limits, prices have risen 80%. Much of the existing home supply, especially on the distressed side, has been scooped up slowly but surely by investors at rock-bottom rates, leaving a dwindling inventory in its wake…”
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“CLEVELAND ROCKS: METRO HOME PRICES GROW 175% YEAR-OVER-YEAR”
May 28, 2015