Zachary Smith - Profile and Journalist Details
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Zachary Smith
Verified
Reporter, Crain's Cleveland Business
Cleveland, Lakewood
Beats
Health , Climate , Data Stories (Education To Infrastructure)
Content
By Zachary Smith Verified| Crain's Cleveland Business Verified While 30% may seem high, it's the second-smallest gap between homeownership and renting, surpassed only by Pittsburgh. “Cleveland has always been an affordable place to buy a home,” said Daryl Fairweather, chief economist at Redfin. “However, when viewed on a national level, the Cleveland metro remains one of the more affordable places to live.”On a national scale, the average gap is 82%, with homeownership costing about $117,000 and rent requiring $64,000, a 73% increase over March 2024.
By Zachary Smith Verified| Crain's Cleveland Business Verified The developers of the Warner & Swasey building redevelopment project, located on Carnegie Avenue and East 55th Street in MidTown, are operating under a tight schedule. This multi-year project has secured over 20 sources of funding, totaling more than $48 million. However, some of these funds are time-sensitive and must be used by this summer. For instance, Cuyahoga County allocated Emergency Rental Assistance funds that need to be spent by the end of June.
By Zachary Smith Verified| Crain's Cleveland Business Verified While 30% may seem high, it's the second-smallest gap between homeownership and renting, surpassed only by Pittsburgh. “Cleveland has always been an affordable place to buy a home,” said Daryl Fairweather, chief economist at Redfin. “However, when viewed on a national level, the Cleveland metro remains one of the more affordable places to live.”On a national scale, the average gap is 82%, with homeownership costing about $117,000 and rent requiring $64,000, a 73% increase over March 2024.
Company Info
Crain's Cleveland Business
Crain's Cleveland Business is a regional business news publication focused on Northeast Ohio. Established in 1980, it is part of Crain Communications, a global media company. The publication serves as a key source of business intelligence for executives and entrepreneurs, providing insights into local economic trends, corporate developments, and policy issues. The publication offers award-winning journalism that covers critical sectors such as manufacturing, healthcare, and professional services. It provides curated databases for market insights and executive profiles, hosts industry-specific events for networking, and collaborates with experts to produce partner content addressing regional challenges. Crain's Cleveland Business targets C-suite executives, business owners, and institutional leaders, delivering actionable intelligence to help navigate the evolving business landscape in Northeast Ohio.
Cleveland, Ohio, United States
'+1 216-522-1383
Founded: 1980