Maybe these predictions are holding true...(although it's 2011 now):

 

Topping the company’s Home Data Index was the Cleveland, Ohio, metro area where the index increased by 8.1 percent.

 

Nationally, prices slipped 1.6 percent. But Clear Capital said that U.S. home prices stopped declining in early January and rose for the first time since mid-August 2010.

 

http://www.pbn.com/Providence-metro-area-home-prices-show-gains,55339

 

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Another source to include Dayton for quarterly:

 

Major markets in the U.S. are showing early signs of coming out of winter hibernation. Thirteen of the highest performing markets posted positive quarterly gains. Four MSAs posted large quarterly gains as compared to last month's report -- Cleveland (12.6) and Dayton (9.6), Ohio; along with Houston (6.8), and Chicago (6.3); experienced the biggest quarterly percentage point improvements.

 

Only Detroit, MI; Fresno, CA; Las Vegas, NV; Raleigh, NC; San Francisco, CA; and Tampa, FL experienced larger quarterly price declines over last month. Detroit's -12.4 percent quarterly price change is up 2.7 percentage points from the end of December as the MSA continues to be dogged by high levels of distressed housing activity and a troubled economic environment with double digit unemployment throughout the state.

 

http://www.sys-con.com/node/1701201

Wow, that's some huge numbers for Cleveland. And I expect it will continue.

 

The city has put itself in a remarkable position in this economic upswing by focusing on health care/biotech, information technologies and advanced manufacturing. Those are the sectors which are experiencing the greatest job growth in this upswing....

 

http://neo-trans.blogspot.com/ (I'll probably post a new article this weekend)

^

...by focusing on health care/biotech, information technologies and advanced manufacturing.

 

Yawn.

 

This is what Dayton is doing too.  Except for biotech. Subsitute tech transfer from military R&D for biotech, and you have the same strategy. 

 

Everyone is using 'health care' in one form or another.

^

...by focusing on health care/biotech, information technologies and advanced manufacturing.

 

Yawn.

 

This is what Dayton is doing too. Except for biotech. Subsitute tech transfer from military R&D for biotech, and you have the same strategy.

 

Everyone is using 'health care' in one form or another.

 

If it produces job growth, good wages, requires an education, is sustainable over a long period of time and is legal, I can't think of better jobs to have.

 

And everyone once used manufacturing in one form or another, to varying degrees and extents yet many people (including me) long for the era when we focused on making things. I am struggling to think how having an economy that is enriched by being healthy, informed and technology-based is bad.

^ Just a thought to add to that KJP. I think a lot of us still are struggling about how to get our heads around an economy not based on producing things (ie manufacturing) and based mainly on services.  I was sitting here and I realized that a keypoint to realize is that technology has produced a split where the notion of hardware and software has changed things dramatically. My example involves a stopwatch. Pre-PC and pre-handhelds/smartphones the only way to buy a stopwatch was to physically buy a stop watch. That stop watch would be both hardware and software (by the design to make it work). Now you can just buy a program or an app to use as stop watch on your handheld, which is soley software.

 

I guess my main point is that  technology has divorce a large portion of function from form and even if we are not making physical objects, a lot of tech jobs, which are considered service,  are still producing things that have tangible value and can be sold. The creation process is just seperate from the hardware creation.

 

Now the down side to that is a computer program is way more easy to counterfeit or pirate than pig iron or a car.

 

Sorry if I rambled..

 

Edit: Way off topic sorry, I forgot what thread this was.

FYI, the Clear Capital house price trend info for Cleveland should be taken with a serious grain of salt.  If that same trend also shows up in the other indexes, then great, but each of them has it's own methodological quirks that make them sensitive to different sub-trends.  There is no consensus method for tracking home prices, which is why you see different headlines arising from different reports all the time.

My thoughts on Cleveland

[*]Cleveland has never overbuilt

[*]The foreclosure "crisis" hit here early and was attacked aggressively

[*]Center City housing and near Downtown ares still in high demand

[*]Conversions in the pipeline

[*]Lots of people leaving the coasts and returning to middle america.

[*]Various areas of the city are "coming back" via grass roots community work.

[*]Cost are relatively low compared to costal cities

[*]Availability of jobs that current residents aren't qualified for

 

Thats all fine and good, but lets face it, no Ohio cities ever saw housing prices escalate at alarming rates as the coasts and south, and more progressinve cities did.  If people moving back was the factor then I would expect to see population increasing greatly.  If downtown housing was in thatmuch demand, then i would expect to see alot more construction in the residential sector going on right now.  It is real simple, housing has always been affordable in most of the midwest.  I jsut set back a little in the recent years of the recession.  Foreclosures hit big time here, becasue people simply lost their jobs.  Foreclosures hit big time on the coasts and south, becasue people didn't necessarilly lose jobs, they lost the large commission checks that had been receiving several years in a row. 

 

You're kidding right? The recession hit the South and the West the hardest. This is hardly inside info. For example: California has the 3rd highest unemployment rate in the country and has lost 1.3 million jobs over the last 3 years.

 

As for population growth, the labor force has rebounded to about where it was pre-recession even if all the jobs haven't returned. Most U.S. metros haven't achieved that feat yet. Looking at the labor stats, it sure looks like that the Cleveland metro grew in 2010, but I woudn't say it was at a "booming" pace. Then again, what city is "booming" now?

Home prices rose 1.8 pct. in 4Q

 

The median home sale price for existing single family homes rose 1.8 percent to $127,200 across the 15-county region in Southwest Ohio, Northern Kentucky and Southeastern Indiana. The median sale price is the mid point of all sales.

 

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Other Midwest markets to post gains included Cleveland, which saw median sale prices climb 4.2 percent to $114,700; Indianapolis, with an 11.5 percent gain to $124,300; and Lexington-Fayette area with a 6 percent gain to $149,200.

 

Dayton posted one of the biggest declines in the nation – a 9.9 percent drop to $95,900 – compared to the fourth quarter of 2009. Toledo was worse with a 13.9 percent drop to $74,500.

 

Akron also saw a decline, with a drop of less than 1 percent to $105,300, as did Columbus, with a 3.8 percent drop to $127,500.

 

http://news.cincinnati.com/article/20110210/BIZ01/302100028/-1/contact/Home-prices-here-rose-1-8-pct-4Q?odyssey=nav%7Chead