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Manufacturing Will Weigh on Cleveland’s Industrial Market

Vacancy Will Rise As Demand Weakens and Inventory Is Returned to the Market By Veronica Miniello Market Analysts The industrial sector is proving to be the most resilient among the major property…

Existing-Home Sales May 2020

  May marks the third month of declining sales due to the coronavirus pandemic, with a decrease of 9.7% from April. Overall, the year-to-year sales are down 26.6% or 5.33 million from 2019. As eve…

April 2020 Pending Home Sales

The coronavirus pandemic has made a significant impact on the housing market, causing sales to decline for the last two months. Across the United States, each region experiences a decrease in month-ov…

April 2020 Existing-Home Sales

The Coronavirus pandemic has pushed a steep decline in the existing-home sales for the second consecutive month. The National Association of Realtors® released that the existing-home sales have falle…

How is Our Local Real Estate Market Responding to COVID-19?

  Written by: Shawni Marich, Novella Realty May 1st, 2020 The COVID-19 pandemic is certainly having an impact on the market, both for sellers and buyers. Included here are the market statistics…

Coronavirus Impacts March Pending Home Sales

The coronavirus has made a significant impact on the housing market for March, causing the pending home sales to drop 20.8% to an index of 88.2. That’s a drastic change from February’s index of 11…

Home Staging on a Budget

Did you know that on average for every $1 spent on staging your home will increase the sale price by $2? Home staging is a valuable asset when showcasing the qualities and potential of your home while…

March 2020 Existing-Home Sales

The National Association of Realtors® reported that March’s existing-home sales took a significant drop of 8.5%, bringing the annual rate to 5.27 million. But despite this decrease due to the Coron…

February 2020 Pending Home Sales

The National Association of Realtors® released that during February 2020 the pending home sales index increased by 2.4% to 111.5. Each of the four major regions in the United States showed an increas…