Get More Real Estate News on Our Special Topic Page

It’s your one-stop spot for all the latest real estate articles, blogs and events.

Real Estate Experts Say It's Still a Good Market for Buyers

One expert predicts the market will be more balanced for buyers and sellers next year.

When “For Sale” signs sprout like toadstools in front yards, prices fall and buyers rejoice. Today, 4 ½ years after skyrocketing foreclosure rates pierced the housing bubble, Northeast Ohio buyers are still rejoicing.  “Buyers are getting reasonable prices and if they’ve been protecting their credit, they’re getting very reasonable interest rates,” said Carl DeMusz, CEO of the Northern Ohio Regional Multiple Listing Service. But he’s parsed the statistics and foresees a more balanced market for sellers and buyers next year. He bases his projection on two factors charted by the NORMLS:  “The majority of those contracts will go to closing, so this is a good sign” that supply is tightening, DeMusz said. “If the trends continue, next year is …

• Photos (1)

Real Estate Experts Say It's Still a Good Market for Buyers

One expert predicts the market will be more balanced for buyers and sellers next year.

When “For Sale” signs sprout like toadstools in front yards, prices fall and buyers rejoice. Today, 4 ½ years after skyrocketing foreclosure rates pierced the housing bubble, Northeast Ohio buyers are still rejoicing.  “Buyers are getting reasonable prices and if they’ve been protecting their credit, they’re getting very reasonable interest rates,” said Carl DeMusz, CEO of the Northern Ohio Regional Multiple Listing Service. But he’s parsed the statistics and foresees a more balanced market for sellers and buyers next year. He bases his projection on two factors charted by the NORMLS:  “The majority of those contracts will go to closing, so this is a good sign” that supply is tightening, DeMusz said. “If the trends continue, next year is …

• Photos (1)