To learn more about downtown living, email Scott.Phillips@realliving.com or call us at 216.986.7716.
Friday, August 29, 2008
Thursday, August 21, 2008
Cleveland Leads the Housing Rebound
Aug. 14 (Bloomberg) -- The good news in the worst housing slump since the Great Depression is that the market in Cleveland is recovering.
The Cleveland area led the nation for home price gains in April and May with an 18 percent jump in the lowest price tier of the S&P/Case-Shiller home price index after values fell to levels last seen in 2000. The median home price was $117,500 in the second quarter, 15 percent higher than the prior three months, the National Association of Realtors said in a report today.
A housing revival in this city of 438,000 on the shore of Lake Erie may portend deeper drops in U.S. markets. Prices for entry level homes in Cleveland had to tumble 37 percent from a September 2005 peak to an almost 11-year low in March before enticing first- time buyers. That may be a sign that U.S. markets with the biggest price increases during the 2000 to 2005 boom have much further to fall before stabilizing, said David Blitzer, chairman of Standard & Poor's Index Committee.
``The areas of the country that saw prices go through the roof and then fall into the basement won't be the first ones to see an upturn,'' Blitzer said in an interview. ``It's more likely to come in a place like Cleveland or other Midwestern cities that largely missed the boom.''
Cleveland never experienced the big home-price gains of its coastal counterparts such as New York or San Francisco. Gains were more modest as Cleveland, like other cities in the Midwest, saw jobs in steel, automotive and manufacturing shipped overseas.
Foreclosure Crisis
Prices in the Cleveland area rose an average of 3 percent a year from 2000 to 2005, according to S&P/Case-Shiller data. Prices in the metropolitan New York and Los Angeles areas gained 15 percent and 23 percent, respectively, in that period.
Now that Cleveland is starting to recover, it may be leading other areas of the country on their way to finding a housing bottom, said Robin Dubin, an economics professor at the Weatherhead School of Management at Case Western Reserve University in Cleveland.
``Cleveland was hit first with the foreclosure crisis,'' Dubin said. ``Other communities are just behind Cleveland and they will start to come out of it pretty soon.''
The May S&P/Case-Shiller index put Cleveland's highest priced homes, properties that sold for more than $182,000, back to 2003 prices, and the overall market back to 2002 levels.
Presently, there are 1,982 pending real estate sales in Cuyahoga County. The tide has turned, friends! Contact us to start your home search using MyRealLiving 2.0 today!
Our Memory of Stephanie Tubbs-Jones
Stephanie was an inspiring role model. Growing up in the eastern neighborhoods of Cleveland can be difficult. Just ask Troy Smith, who emerged from the Glenville neighborhood. Sometimes the most visible influences in the lives of our youth are drug dealers on street corners. Congresswoman Tubbs-Jones was an inspiration to our young children. She was a symbol of what hard work, perseverence and dedication could look like. She loved her community as it was, but always encouraged the generations below her to strive for more and stay away from the troubled paths.
I'll never forget the first time I spent with her. The setting was Troy Smith's Heisman Homecoming Celebration at Glenville High School. Stephanie spoke to a crowd of hundreds of children about the inspiration that Troy was to the community. She spoke of hard work, reaching for your dreams, avoiding short-cuts, and staying away from gangs. What impressed me so much was her ability to do all this without coming off condescending! She knew what these children were faced with and was able to address them as a member of their family and not a lector or random motivational speaker.
Stephanie was sincere. She loved her constituents, our city, our region, and especially downtown Cleveland. She had many conversations with me about the future of our region and how Downtown Cleveland was the hub that had to hold all our neighborhoods and suburbs together. She even hosted Cleveland City Living and its advisors at her office to discuss how her economic development team could help support our missions of promoting residential living in downtown Cleveland.
Cleveland has a tremendous void to fill right now. No one can ever truly replace Stephanie. My call to everyone is to do what Stephanie would want us to do in our city. Love the city. Respect your neighbors. Volunteer in the lives of children, especially those who need additional parental guidance and education. Most of all, live life with the enthusiasm that radiated from her no matter where she was. Stephanie always made sure that people felt her message of love. Thank you, Stephanie, for your time with us on Earth. We know you're smiling on us always.
Once in a Lifetime Opportunity! Now Hiring.
- Location- Over 140,000 people work in the walkable neighborhood of Downtown Cleveland. WE are the only residential real estate firm headquartered within this perimeter. Our new Cleveland Office fills up the top floor of the 800 West St. Clair Building above the Cleveland Chop House Restaurant in the Historic Warehouse District.
- Our Website- Our website consistently raises the bar as the most user friendly and feature-rich page in the nation. It constantly rises to the top of search engine pages as well.
- Your Personal Website- At RL-R1, we offer you a personal website, customizable with dozens of templates making your clients and prospects see the true professional in you. We help you ensure your website puts your best foot forward.
- Listing Enhancements- Virtual Tours, Blogs, Community Tours, and room for dozens of hi-res photos ensures that your seller's needs will be reached through effective, thorough marketing.
- E-Newsletters- Our agents love sending E-Newsletters, E-Cards, and E-Notifications for their newest listings, sales, and career milestones. As a member of our family you will be able to send frequent communications via email to your clients for free through the Real Living online agent center.
- Traditional Marketing- We offer you our brand, which is recognizable on yard signs to your future buyers. We offer you discounts in the Plain Dealer and other print mediums that other companies can't rival. We also founded the free "Hotline" program allowing buyers to call a toll-free number and listen to a recording about the home they're standing in front of that you're trying to sell! We even offer discounts training on how to perform an "open house" properly. Our commitment to technology has not disregarded the traditional tools of the past century.
- Real Living Magazine- A full color, monthly magazine distributed at grocery stores, drug stores, and various other locations across the region. Homes are sorted by city in alphabetical order, then by price (unlike other publications which sort by selling office.) Our magazine is convenient for your buyers and widely read.
- Official Sponsor of the Cleveland Cavs- Ever been to a Cavs game and looked at the Jumbo-tron at center court? The Real Living Realty One brand and website float virtually during all Cavs home games exposing us to over 20,000 people per event!
- Mobile Real Estate -Work from home- At RL-R1, we understand that you can't always make prospecting calls from the office, or work the standard 8-5 schedule. We've created an expansive internet portal (the Agent Business Center) that allows our agents to work from home without losing the capabilities they'd have in the office. Online forms, client database storage, and marketing statistics are constantly available to you 24/7 from any computer.
- No Monthly Fees- If we commit to hiring you, we are taking responsibility for providing you the tools necessary to succeed. Commission splits cover the various expenses we incur on your behalf.
- EDUCATION- Although our industry has been around for 200 years, real estate is constantly evolving. To help you stay ahead of the curve, we offer free year-round education to every member of our RL-R1 family. What's better? The central education center for our company is located IN OUR OFFICE- Real Living University (Real U.)
WOW!
An industry that's been around for 200 years. The opportunity to earn an income far exceeding a standard salary job. A company that's been supporting successful agents in Ohio for over 50 years. The opportunity to add: "Founded a successful real estate office in Downtown Cleveland" to my resume'. This truly is a once in a lifetime 0pportunity!
Let's face it, there's only so much you can learn from an internet article. So here's what we'll propose: email us and come on in for a cup of coffee to tour our headquarters and ask some questions. You just may find that this is exactly what you've been waiting for.
Call us at 216.986.7716 or email our expansion team today!
Real Living Realty One, Inc. is not responsible for the contents of this article. All articles on this page are always fully developed by Cleveland City Living.
Friday, August 15, 2008
The Feast in Little Italy
Friday, August 8, 2008
Bob Golic's Sports Bar to Open in the Warehouse District
Friday, August 1, 2008
Gateway Church to Open Downtown Cafe
"Nexus" which means "a place of connection," is the vision of the Gateway Church lead by Pastor Alex Ennes. The video for the project is on YouTube here: NEXUS. The plans highlight a grand opening at the 515 Euclid Avenue Building, but the actual site remains to be finalized.
So what is this Gateway Church? Besides being a Christian church giving weekly services in downtown Cleveland (at Pickwick and Frolic), Gateway is a service based organization that supports our downtown. If you stroll down West 9th St. and see flowers that look brand new, trees planted where they never used to be, and hedges pruned where there used to be overgrowth, there's a good chance Gateway was behind it. The members of Gateway Church support the motto: Love :: Live :: Serve.
Live, refers to living in community- in this case Cleveland. Serve, refers to serving the city. Pastor Alex told me a while back that he believes people are better supported by each other and serve more freely when they live in highly concentrated communities. Our Downtown needed just that!
In just over a year, Gateway Church has become a staple in our downtown community. The concept for Nexus, while risky, is already supported by over $50,000 of capital, and this is just the early planning stages. If you'd like to help with Nexus, or if you're interested in the church itself, visit http://www.gatewaycleveland.com/ and fill out a contact form.