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Market
↓ Median home price (Cuyahoga County, July): $100,000
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Median home price in July 2007: $129,000
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U.S.: $217,800
↑ Median monthly housing costs: $1,033
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Median monthly housing costs in 2000: $806
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U.S.: $1,402
↔ National foreclosure rank (state): 3rd (out of 51)
↓ Poverty rate: 29.5 percent
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Poverty rate in 2006: 27 percent
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Rank: 2nd-highest among U.S. cities
↓ Housing units (including one-unit, two or more units,and mobile homes): 213,915
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Housing units in 2000: 215,856
↑ Homeowner-vacancy rate: 4.5 percent
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Vacancy rate in 2000: 1.3 percent
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U.S.: 2.7 percent
Industry
Licensing: Licenses are required for brokers and loan officers, who also must meet education requirements. Principals and loans officers must submit to national criminal-background checks; operations managers must have three years' experience in mortgage lending. Registration is $350 for each office and $100 for each loan officer; offices must have surety bonds of $50,000.
Number of broker companies:
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Cleveland: 19
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Ohio: 1,148
Résumé
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Demographics: 38.3 percent white, 53.2 percent black, 0.3 percent American Indian and Alaska Native, 1.7 percent Asian and 4.2 percent other; 8.1 percent identify as Hispanic or Latino
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Top area private employers: Cleveland Clinic Health System, University Hospitals, National City Corp., KeyCorp, The MetroHealth System
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Highest percentage of robberies per person among 50 largest U.S. cities (BizJournals.com)
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Cleveland Clinic named nation's 4th-best hospital (U.S. News & World Report)
Jennifer Landree is a Seattle-area writer and former Scotsman Guide editorial intern. For questions and comments, e-mail articles@scotsmanguide.com.
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