Mortgage Rates Stay Low

Freddie Mac Mortgage Rate Update:

 

Home Builder Numbers and Confidence Is Up

The number of new home building starts is up according to the US Census Bureau as reported by Inman News.  The reported numbers are the best seen in 4 years adding to more evidence of a recovering housing market.

 

 

Chicago Real Estate News 11/21/2012

A quick update on the Chicago Real Estate Scene and general real estate news.

 

River Forest Real Estate Market

The real estate market in River Forest looks to be improving. 

Although at the high and low end of the market the median sales price has had a serious drop, the middle market properties look to be down only slightly.

 

 

The monthly supply of inventory looks to be improving which ...

Condo Market in Lincoln Park

This market analysis of condos and townhomes in Lincoln Park - Chicago includes all bedrooms, all baths and all price ranges. 

 

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 The median sales price of condos in Lincoln Park is down 3.9% from Nov. 2010 to Nov. 2011.  

 

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The ...

Oak Park Real Estate Market Update

The Oak Park real estate market for Occtober 2011 is showing some positive signs of recovery.  Please click here for a full Oak Park real estate report.

When comparing the last 12 months to the previous 12 months here is what we see:

For Single Family Homes:

New Listings: -21 ...

Market Stabilization or More Foreclosures and Doom?

Every day there seems to be conflicting news reports about which way the market is headed.  Today is no exception.  On the one hand you have Stephen Kim, a Barclays predicting a housing rebound in 2012 and on the other you have Center for Responsible Lending saying that we are ...

More Forclosures in Near Term

According to a report just released by LPS There are more forecloses in the pipeline right now but the long term outlook looks to be improving with fewer. Delinquencies are down 28% from their peak in January 2010 but the pipeline of foreclosure in process are at historic highs.

That ...

Chicago Real Estate Search

In deciding to launch ChicagoRealEstateScene.com we were specifically looking for a platform that would enable our users to get the best experience possible.  

For those of our clients looking to search for a home in Chicago our search platform allows you to search by true Chicago neighborhoods.  Many real ...