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The Mortgage Bankers Association’s seasonally adjusted index of mortgage application activity fell 1.2 percent in the first week of October. The index measures mortgage applications for both home purchases and refinancing; the former rose, while the latter dropped. Refinancing applications fell 2 percent, but even with the decline, the volume of applications still remains close… READ MORE
Many people have failed to notice that the real estate market is starting to show surprising signs of strength. The latest piece of good news has come from a report by RealtyTrac, an internet company that specializes in the foreclosure market. According to their most recent numbers, year-over-year foreclosure filings fell by 16% in September,… READ MORE
Very interesting data: Mortgage rates may be a function of free markets, but real estate taxes are a function of government. And, depending on where you live, your annual real estate tax bill could be high, low, or practically non-existent. Compiling data from the 2009 American Community Survey, the Tax Foundation, a non-partisan educational organization… READ MORE
I have some great information on the Local Market Report for the first quarter of 2010 for the Chicago Land Area. The market is not where we would like it to be, but there is a silver lining at the end of the horizon for Chicago Home Owners. Chicago is showing a median homes sales… READ MORE
This is the news that every Chicagoland Home Seller wants to hear: Chicago home sales jump 32% in May It is great news to deliver to home sellers who want to list their home. We know that the home tax credit drove buyers out into the market as well as the low price tags on… READ MORE
CHICAGOLAND REAL ESTATE MARKET JANUARY – APRIL 2010 In the first four months of 2010, the Chicagoland real estate market showed significant improvement over last year with gains in the number of homes sold and other key real estate metrics. More than 5.7 billion dollars of homes were sold throughout the region with an average… READ MORE
Waiting doesn’t always pay off – interest rates may rise while you are waiting for home prices to go down even lower. It’s a buyer’s market in most areas, and rates are historically low. Below is an example of the difference in monthly payment if interest rates rise 1%. In addition, purchasing power goes down… READ MORE
Market Pulse Reports-April 2010. Sales statics in Glenview IL. Glenview Detached Properties Report. This report is very comprehensive and will give you the same information that the lenders are using in making new loans today. Glenview Attached Properties Report. Please do take some time and look this over and call me if you have any questions. Home Sales… READ MORE
Are you curious how the Glenview, IL real estate market looks these days? As of today, Glenview has an average listing price for single family homes (for sale) at $754,777. The current number of single family homes on the market in Glenview is 354. Average listing market time is 158 days. For more information go to… READ MORE