Home sales rally expected to continue through January
October’s double-digit jump in sales reported in today’s IAR housing data release can be credited to many factors including record low mortgage interest rates, the federal first-time homebuyer tax...
View ArticleBuyer market conditions boost 4Q09 home sales
Despite the truckloads of snow in Illinois recently, the real estate market is already gearing up for an early spring with the looming tax credit deadline of April 30 and low mortgage interest rates...
View ArticleLow interest rates, financing programs take the sting out of post-tax credit...
Worried about losing the marketable aspects of the homebuyer tax credit? Don’t fret! First-time and long-time homeowner programs combined with current mortgage interest rates hovering at historic lows...
View ArticleMortgage rates at record lows, buyer opportunity an all-time high
This week Freddie Mac reported 30-year fixed mortgage interest rates averaged 4.54 percent for the United States as a whole and the North Central Region (which includes Illinois). That’s another record...
View ArticleIllinois second quarter home sales up 27.7 percent
The second quarter home sales and median price report issued today by the Illinois Association REALTORS® shows a housing market in a much stronger position than one year ago. Sales are up statewide by...
View ArticleEconomist shares factors that will help housing and where the supply of...
Higher rental rates, low mortgage interest rates and fewer new homes in the pipeline should work in favor for the Illinois housing market in the months ahead, says University of Illinois economist Dr....
View ArticleHomebuyer affordability still high
As the housing market works its way toward a full recovery with formidable roadblocks including unemployment and foreclosures, along the way buyers with stable incomes who want to put down some roots...
View ArticleWhat’s going on in the housing market?
A lot. In the October home sales report released by the Illinois Association of REALTORS® today, there are many factors at work here−some working for, others working against a housing market recovery....
View ArticleManaging seller expectations in this buyer’s market
You wouldn’t think so given all the snow and bitter cold but it is time for sellers in Illinois to get ready; the spring housing market is coming. And there’s good reason to believe more buyers will be...
View ArticleIllinois home sales moving in the right direction, more jobs needed
Illinois home sales have been trending up in the last four months and so have median home sale prices since March, despite a dip in consumer confidence over higher gas prices and lackluster job...
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