Data-rich and deep analytical information about Greater Cleveland real estate news
Anyone who has tried to buy a high-quality, competitively-priced home in Lakewood in the last year or two knows the drill. The real estate search is one of the most difficult scavenger hunts you’ll play. Unless you’re willing to sacrifice many features you want in a home or make a high, all-cash offer, a Lakewood housing hunt is not a game for the impatient.
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A remarkable building boom is under way in Greater Cleveland. Because of a strong economic recovery that’s been picking up momentum here over the past five years, there are more large building projects in the metro area now than at any time in perhaps the past 50 years.
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Cleveland’s East Side, with one big exception, is a mess. It’s got some of the worst urban poverty in the United States and is the reason for Cleveland’s #2 ranking among America’s biggest cities in terms of percentage of residents living in poverty. Only Detroit outranks Cleveland in that regard.
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Lakewood’s primary commercial district, Detroit Avenue, is becoming a lot more residential. The changeover in land use is due in large part to a change in business preferences, resulting in opportunities to offer contemporary housing in a stable, walkable community. The last time the city had so much land available for development was before the Great Depression of the 1930s.
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