Alex Irizarry is a nurse at University Hospitals that works the night shift and lives in Lakewood. Since March she’s been searching to buy her first home in anywhere from Rocky River to Westlake even Lyndhurst. But the booming market has made her dream almost impossible.
Gaebelin says the housing market is out of control as people are spending thousands above the asking price just to be considered. According to the May Cleveland Housing Market report in Cleveland, the cost of homes has jumped by more than $16,000 since last year and they are being sold 8% quicker. Gaebelin says to get a house right now you must be willing to move fast, be preapproved for a mortgage, and take more risks.
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