Real Estate News

Real Estate News

There has been a  new rebound in home sales and values! Foreclosures are nearly gone and our market is recovering.  In today's competitive real estate market, timing is everything.  With a low inventory of homes currently available for sale many good homes are sold before they are ever advertised.  Beat other homebuyers to the hottest new homes for sale and new listings in Plainfield or other areas within the Western Suburbs with my New Listings Notification.

The Housing Slowdown May Be Ending: What Buyers, Sellers Need to Know

 | Jul 9, 2019
Click above link for complete article from realtor.com

The much discussed—and, in some quarters, much feared—housing slowdown may be coming to an end. 

The real estate softening that began last summer, marked by a surge in homes hitting the market and fewer sales after years of crazy-high annual price growth, may show signs of reversing course by this fall, say housing experts. That's a boon for sellers, but not so much for buyers.


July Homes Sales are Up

Read Dr. Hewing’s forecast online at www.illinoisrealtor.org, click on Market Stats.  

IAR released July housing data today that showed positive signs for the Illinois housing market with month-to-month home sales up for the sixth consecutive month statewide and in the Chicagoland PMSA (the nine-county region including Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will). July also marked the first time since March 2006 for the Chicagoland PMSA that we reached positive sales year-over-year, with sales up 0.3 percent from July 2008. Statewide, home sales were nearly break-even, off 0.1 percent from a year ago. 

Find Illinois housing stats, data, the University of Illinois REAL forecast and more at https://www.illinoisrealtors.org/marketstats/