Real Estate
Westlake is Amongst Country's 20 Most Stable Housing Markets
By Julie Kent. Published on 12/09/2010 - 11:50am
While the housing sector is still struggling, there are some small segments of the country experiencing strong performance. One of those areas is right here in Northeast Ohio in the western suburb of Westlake.
Forbes.com included Westlake on a list of the United States' 20 most stable housing markets.
According to the S&P/Case-Shiller Home Price Index, Cleveland area home prices were down 3 percent in September. Westlake, however, has seen price increases for three consecutive quarters.
The typical Westlake home is valued at $199,700, which is up 2.2% in 2010.
Forbes remarked that while Cuyahoga County as a whole has struggled with foreclosures, “in Westlake they are almost non-existent, with only 1 in 9,259 homes facing foreclosure over the past month.”
Homeownership is at Lowest Level in More Than a Decade
By Leader Staff. Published on 11/02/2010 - 12:48pm
During the third quarter of 2010, the homeownership rate in the United States remained at its lowest level in more than a decade, sparked in part by a rise in foreclosures and weak demand for housing. The percent of households that owned their homes remained unchanged at 66.9 percent during the July-September quarter, according to the Census on Tuesday.
That rate was also the same for the April-June quarter. The last time that the rate was lower was in 1999, when it was 66.7 percent. From 1985 to 1995, the rate was around 64 percent and rose dramatically during the Clinton and Bush administrations, peaking at 69 percent in 2004 at the height of the housing boom.
Following the burst of the housing bubble, the rate has been gradually declining. 18.8 million homes, or 14.4 percent of all houses and apartments, were vacant. Not including vacation homes, that rate would be 11 percent.
Over the past four years, the number of vacant homes has soared from 16 million in 2006. It's been hovering around 19 million since 2008.
Enjoy Events Near the New York Luxury Condos
There are so many things to do all across the country and world. If you like to travel and have the means to do so, you can go and see all kinds of things. Even if you do not have a lot of time and money to travel all around, you can certainly do things in your local area. If you are close to New York luxury condos there is always something to do. In many other parts of the country, you can also find great, fun things to take part in. Start by checking your local paper for news and events. There is often a daily or weekly section that shows what is coming up around your area.
The local news channels also often have a community calendar segment, either on their TV broadcast or on their Website - or both - that shows you what you can expect in your area in the days and weeks ahead. If you pay attention to that, you can make a quick list of what you might want to do. Write down the dates and times for upcoming events that sound like fun. Find out where they are if you are not familiar with the area, and see if there are friends or family members who want to come along with you. It could end up being a really enjoyable time.
New York Luxury Condos Have Much to Offer
New York is an exciting and vibrant city. There are always things to do there, and with so much going on you might want to make it your permanent home. If you decide you want to live in New York, you'll have plenty of choices for places to live. While the city can be expensive, you can still get New York luxury condos at great rates if you're willing to shop around a little bit. Look for the amenities you want and make sure you're getting the best deal for your money. Each person will have different ideas about what they want and need in their home, and that means you can find a lot of different options to suit you.
Don't give up if you don't find something right away. New York has so much to offer that you'll be able to get just what you want if you keep looking. When you do find something you life, make sure you check it out thoroughly. Find out about issues like maintenance fees. Just because you can afford to live in a luxury condominium doesn't mean you want to throw your money away frivolously. It's better to know how much you'll be paying for things like maintenance, insurance, and taxes before you make your final decision.
Choosing the Best Among New Jersey Luxury Apartments
When you're looking for luxury apartments in New Jersey, you'll find that you have several options. You can choose based on the view, the amenities, the apartment size or something else. Of course, price matters, as well. Getting a great deal on your apartment is possible, though, if you look around and don't pick the first apartment you see. Negotiate, and be willing to ask for what you want. Some New Jersey luxury apartments also offer waterfront views and other great perks. If you want something like that, you'll need to stand firm in what you're looking for and not give up. You can find what you want in New Jersey.
As you look at apartments, be sure you take everything into consideration. Ask what kinds of fees are associated with the apartment for maintenance and other issues. Listen closely and see if you can hear your neighbors, cars on the street, or other kinds of noise that might be disturbing to you. Meet the property owner or property manager, and talk with that person for a few moments. Take a close look at the grounds and common areas, and see how well they're maintained. When you pay attention to things like that, it gives you a much better idea of the overall experience you'll have in your apartment.
Atlanta Condos Give You Many Choices
One of the most popular southern cities to live and work in is Atlanta. It's hot and humid much of the year, but people flock to it from other states where it's very cold. They get tired of the snow and ice, so they head to Atlanta where they can stay warm and find all the career opportunities and amenities they need. If you live in Atlanta or are thinking about moving there, you may not want to buy a large home and have to take care of the yard and other maintenance issues. Instead, you can choose from the many beautiful Atlanta condos that are available.
Getting a condominium in Atlanta doesn't cost as much as it would in some of the cities farther to the north or far out west where things are very expensive. Because it's located in the southern regions of the United States, Atlanta has all of the big-city amenities and options at a much lower price than places like Chicago, New York, or Los Angeles. Finding what you want in Atlanta shouldn't be that difficult, since there is a lot to choose from. Focus your attention on two things: your price range and the kinds of amenities you want to look for.
BP Fits Containment Cap, But No Signs Oil Leak Has Slowed
By Julie Kent. Published on 06/04/2010 - 7:39am
Overnight, BP was able to place a containment cap on the sawed-off pipe that has thus far spewed millions of gallons of oil into the Gulf of Mexico. However, oil and gas continued to spill out into the ocean as engineers worked to get the fit right.
The Coast Guard said that the containment cap placement was a positive development, but noted that it will take some time before it can be confirmed that the method would work to stop the oil flowing. The Coast Guard also noted that even if the method is successful, it is only a partial and temporary fix.
Technicans cut the leaking pipe with robot-controlled shears after a diamond-tipped saw got jammed 5,000 feet underwater on Wednesday. Unfortunately, the sheers did not cut the pipe cleanly, and the jagged edge will not provide as tight of a seal as a smooth cut from the diamond saw would have.
A spokesman for BP last night refused to say whether or not the cap was working. Earlier on Thursday, BP CEO Tony Hayward said that it would take "12 to 24 hours" after the cap gets installed to "give us an indication of how successful this attempt will be."
BP plans to eventually stop the leak altogether with two relief wells, however those will not be completed until later in the summer.
Cleveland Foreclosure Rate Declines 8%
By Eugene McCormick. Published on 04/14/2010 - 12:12pm
There is good news and bad news to report as the City of Cleveland battles foreclosures. The ForeclosureListings.com compared March 2010 to February 2010 statistics and saw that Cleveland reported 855 foreclosures in that time span. That was a year-over-year decrease of a little over 8%. The bad is the high number still keeps Cleveland in the Top 10 in the nation. The State of Ohio has the lowest priced foreclosure housing in the entire nation averaging only $79,574.
While the epidemic of housing seems to be lessening to an extent here in Northeast Ohio, it is on a rapid pace throughout the rest of the country. In Orlando and Phoenix, foreclosure rates are over 25% worse year to year.
Here are some snapshots of the housing crisis as it stands now:
Top Cities Foreclosure Rates:
City, ST March Change
LAS VEGAS, NV 3177 +0.7292%
PHOENIX, AZ 2066 +25.5927%
CHICAGO, IL 1666 +19.3410%
DENVER, CO 1543 -24.9514%
HOUSTON, TX 1311 +9.9832%
MEMPHIS, TN 1255 +3.7190%
ATLANTA, GA 1204 +15.8807%
ORLANDO, FL 989 +27.2844%
CLEVELAND, OH 855 -8.0645%
A Touch Of Philly to Memphis’ Real Estate
By Cleveland Leade.... Published on 04/14/2010 - 11:38amPhiladelphia is a great place to live. This city is rich in both historical and contemporary attractions. There are also many great options when searching for Philadelphia apartments. Whether you want to be directly in the action of the city or prefer a quieter setting, you can find it here.
One great Philadelphia district to call home is the Art Museum Area. It is termed this because of the museums that reside here. The Philadelphia Museum of Art, the Franklin Institute Science Museum and others are all found in this area and can be seen from many Philadelphia Apartments. If you are an art enthusiast, consider beginning your apartment search in this region.
If you prefer to be in the heart of Philly’s action, begin your search for Philadelphia apartments in the downtown area. This region is rich with history and hosts a great selection of hip shops and delicious restaurants. A few downtown restaurants that apartment dwellers often visit are Devil’s Alley and Table 31.
Toll: From McMansion To Single-Family Homes
By Cleveland Leade.... Published on 04/14/2010 - 11:20am
Everybody compromises, is what Toll’s new move suggests. The luxury McMansion builders are now offering single-family detached homes in LA. With the real estate market being what it is – the worst since the Great Depression – Toll had little choice. The group affirms that the move caters to changing customer needs and demands in the current economic climate.
While we understand Toll’s move to downsize their real estate offerings, we just can’t shake off the image of a huge, luxurious McMansion shrinking into a single-family detached home!
Toll has fared relatively well in face of the recession and also compared to various Real Estate Groups that have collapsed or were forced to liquidate. Like last year, when Lembi real estate put their San Francisco apartments up at prices far below their original acquisition rates. LA has undoubtedly been severely hit, and so have other cities in California, like San Francisco and San Diego. And so, Toll’s survival strategy is better than the group falling on severe times.
From mansions only above 3,000 square feet, Toll is now shrinking to stucco, tile-roof houses measuring 1,673 square feet. Even the amenities and fixtures – usually the

