After watching several leading economists on television yesterday, here is a shocking recap of what they had to say:
1) with over 1 million excess homes on the market & over a year of excess inventory, they anticipate prices of homes to decline another 15%. All real estate is local and their opinion was a general one - that could or could not happen in your area.
..(read more)
SELLING OFFICE: Which brokers have buyers that are writing contracts? Contracts pending as of 7/13/2008:
Keller Williams Success in Barrington: 42
Remax of Barrington: 16
Coldwell Banker Barrington: 11
Baird & Warner Barrington: 10
LISTING OFFICE: Which brokers have contracts pending on their listings?
Keller Williams Success in Barrington:..(read more)
Here is what's really happening with Illinois Real Estate, as reported by the Illinois Association of Realtors.
Q1 2006: Q1 2007: Q1 2008:
Total # of Homes Sold:
34,235 29,553 21,576
%..(read more)
These areas in Northern Illinois Cook & Lake counties have had an INCREASE in their average selling price over one year ago:
North Barrington
Lake Barrington
Tower Lakes
Riverwoods
Deerfield
Hoffman Estates
Kenilworth
Wilmette
Northfield
Rolling Meadows
Wheeling
Roselle
Elk Grove
Highwood
Highland Park
..(read more)
May 18, 2008 - CHICAGO & NORTHERN ILLINOIS REAL ESTATE - What % of Each Community is Selling?
% of Specific Market with Contracts PENDING or CLOSED:
Arlington Hts (zip codes 60004, 60005) 11.5%
Barrington Area (zip code 60010) 20%
Buffalo Grove 30%
Cary 26%
Chicago:
Bucktown 30%
Gold..(read more)
