Pointer Appraisal Northeast Ohio Property Economics & Appraisal Blog

In a special report CNNMoney.com reports that a record number of foreclosure filings took place in April inching upward from March, and 32% over April 2008. Ohio ranked 10th in the highest rate of foreclosure filings per household.

Our interviews with local Northeast Ohio Real Estate Agents indicate a growing number of short sales in residential markets as well as what many see as a wave of upcoming REO listing in the next few months. 

The CNNMoney.com article is available online here.