Cleveland House Contractors and Homes for Rent; Your Home Mechanics and Property Managers
  • Welcome to the Reilly Painting and Contracting Blog

    Welcome to Reilly Painting and Contracting, "The Home Mechanics," and Reilly Properties. We are your Cleveland home contractors who specialize in major home design projects and remodels, and minor home repairs. We also provide house rentals throughout Cleveland, Ohio.

  • Socialize

    Find us on Facebook.

    Watch us on YouTube.

    Follow us on Twitter.

    See us on Pinterest.

    Subscribe to our RSS feed.

  • Points of Interest

  • Topics

  • Testimonial

    "Just wanted to thank David and your electrical crew for a job well done. David is very professional when it comes to customer service and knows the true meaning of providing excellent service. David is quick to respond, and Reilly should be pleased to have him as part of their team."

    Lauren M.
    Richmond Heights

  • Has YOUR Housing Market Hit Rock Bottom?

    [caption id="attachment_1507" align="alignleft" width="400" caption="Has Your Housing Market Hit Rock Bottom"]Realty[/caption]

     

    Today's Wall Street Journal has a great article discussing if your housing market has hit an all time low. Check out David Crook's article so cleverly titled "How to Tell if Your Housing Market Has Hit Bottom."

    At first glance, you're not likely to see a lot of similarities between stately Cambridge, Mass., and sprawling Denton, Texas.

    Cambridge (population about 105,000) was already more than 200 years old when Denton (120,000) was founded in 1857. From the center of Cambridge, it's an easy stroll across the Charles River into Boston. Denton, in contrast, sits where Interstate Highway 35 divides—to the west, it's 41 miles to Fort Worth; to the east, 39 miles to Dallas.

    But both are college towns. Cambridge is well known as the home of Harvard University and the Massachusetts Institute of Technology. Denton has North Texas State University and Texas Woman's University.

    They have something else in common, too. Both have pretty much recovered from the five-year-and-counting housing recession. And both provide invaluable clues for those looking to decipher whether their own markets have seen the worst of the crisis.

    According to a statistical analysis performed for The Wall Street Journal by the online real-estate information and search firm Zillow, home values in a handful of communities are where they were just before the most frenzied days of the real-estate bubble. Focusing on communities with sufficient sales activity to produce statistically valid value estimates, Zillow spotted 25 places that are within single-digit percentage points of their home-value peaks. (Zillow found no communities where values have surpassed their high-water marks.) Not bad considering that home values in some major metropolitan areas are at half their bubble-era peaks.

    Read more at The Wall Street Journal

    Filed under: Fun Stuff, Selling Your House
    Tags: , , , .
    Bookmark the permalink.

    Leave a Reply

    Your email address will not be published. Required fields are marked *