Prices of Homes in Government Properties List Rose in Cleveland

by cassy82 | July 8, 2010 at 11:36 am

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Houses in government properties list, bank listings and other residential foreclosure listings in Cleveland recorded increased prices following the end of the federal government's tax incentive program. An updated housing index released on June 29 showed that around 20 major housing markets recorded an upward pricing trend.

A housing market index updated on June 29 showed that prices of homes in Cleveland, Ohio, including those under government properties list, bank lists and other types of foreclosed property listings, have risen right after the end of the federal government’s tax incentive program.

Cleveland bank owned homes and other types of foreclosed residential properties, and even new residences, recorded higher prices during the period of March to April 2010. Several major housing markets in the area, including the Cleveland-Elyria-Mentor region, posted higher prices when compared with 2009 figures.

By Cassiano Travareli