© 2024 Ideastream Public Media

1375 Euclid Avenue, Cleveland, Ohio 44115
(216) 916-6100 | (877) 399-3307

WKSU is a public media service licensed to Kent State University and operated by Ideastream Public Media.
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
To contact us with news tips, story ideas or other related information, e-mail newsstaff@ideastream.org.

Home Prices Fall Nationwide In November; Cleveland Prices Down 2 Percent

According to S&P, home prices in November fell in 17 of the 20 major markets it measures around the country. In the Cleveland region, November prices fell 2 percent from October and 4.4 percent from the year previous.

Another group providing local housing statistics - the Ohio Association of Realtors - paints a more positive picture, but its numbers don't include so-called distressed sales brought about by foreclosure or other financial pressures.

Meanwhile, regional foreclosures continue to rise. Real estate data company Core Logic says in November foreclosures were up in the Cleveland-Elyria-Mentor market three-quarters of a percent from 2009. Final year-end foreclosure numbers are due out from the Ohio Supreme Court in February.