Cleveland’s Housing Market Getting a Boost from LeBron, DNC
The housing market in Cleveland is expected to get a boost from the return of basketball superstar LeBron James to the Cleveland Cavaliers, as well as from its selection to host the Democratic National Convention in 2016.
The city’s surrounding area has already seen a 3 percent rise in home prices from a year ago, and supplies are up 6 percent.
“Supply of the more desirable properties in sought-after areas is a bit tighter than last year,” Michele Anderson, a real estate agent with Progressive Urban Real Estate in Cleveland, told CNBC. “In other areas it’s about the same, but prices are up.”
Image via flickr/Joshua Rothhaas