Mandel School’s Michael Schramm discusses adverse effects of Northeast Ohio’s vacant homes

Cuyahoga County vacant homes peak at more than 26,000, despite drop in foreclosure rate

NewsNet5: Cuyahoga County’s foreclosure rate continues to drop in Northeast Ohio, but the number of vacant homes continues to grow, according to recent data. “The suburbs hit the hardest by vacant homes are East Cleveland, Euclid and Parma,” said NEO CANDO Information Director Michael Schramm. “These vacant houses can promote crime, and shrinking property values.”