Greater Cleveland Area Real Estate Year End Review 2013

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Welcome back! I have some great news! We are now a part of Warren Buffet's company, Berkshire Hathaway Home Services. We are so excited; it's a great brand and we can't wait to take advantage of all the new tools they have to offer.

If you are currently listed with us, the signs in your yard will change. If you have any questions about the company you can give me a call, or you can check out more about the company by clicking here to visit the website or click here to view what Warren Buffet has to say.

I also wanted to recap what happened in 2013 and find out what you can expect from 2014. In 2013 the Michael Kaim Team saw a 10% increase in sales year over year. The Cleveland market as a whole saw a 13.5% increase in sales.

Interest rates were phenomenally low in 2013; at the beginning of the year they were 3.25% and they ended at 4.5%.

So what can you expect from 2014? Inventory is still low, but it is expected to increase as the spring draws nearer. Interest rates are still right around 4.5% but are expected to increase to as much as 5.5%.

If you are thinking about selling, now is the time. There is little inventory which means less competition and the interest rates are still low enough that there are a number of buyers looking.

If you are thinking about buying or selling, or have a question about our new name, give me a call today at 440.974.0404