Many might know about Cleveland, Ohio because of famed basketball player LeBron James, who currently plays for the city’s Cavaliers NBA basketball team. What people might not know is that Cleveland, Ohio is a city that is rich with lots of other cultural aspects that will entice foreign investors.
Its economy is rising and it is home to many huge companies like KeyCorp, NACCO Industries, Applied Industrial Technologies, Sherwin-Williams Company, to name a few. The area’s geographic location on Lake Erie and the Cuyahoga River have both been key to its economic growth, and the Ohio and Erie Canal, along with its rail links, has helped establish Cleveland as an important business center.
The city experiences four distinct seasons, which is typical of the Great Lakes region, summers are hot and humid, while winters are snowy and cold. The city is thriving with things to do, including museums, sports centers and stadiums, annual events, a casino and so much more, making it a desirable city to live in.
Thanks to the city’s economic growth, the region’s real estate market has greatly improved over the years and is seeing a huge increase in interested homebuyers and investors. That is why Home10 now specialized on properties in Cleveland, Ohio.
The region also has many desired suburbs, with the median sales price for homes in the area selling for $72,500 (figures are from March 15 to June 15), according to Trulia’s market trend analysis. This is actually a 20.3% increase from last quarter and a 3.6% from the same time last year. The most popular communities in the area include: Ohio City, Buckeye-Shaker, Puritas-Longmead, Detroit-Shoreway, Jefferson and Old Brooklyn.