Chicago home sales

Chicago and Illinois Home Sales Rising

According to the Illinois Association of REALTORS®, Illinois home sales rose by 24.4 percent year-over-year in May and median home prices increased 6.9 percent. Statewide home sales, including both single-family homes and condominiums, totaled 15,091 homes sold in May 2013, up from 12,130 in May 2012. This marks the strongest May since 2006, when 17,622 …

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Chicago Real Estate Sales Up, Prices Down

The Chicago real estate industry continued its trend as a buyer’s market last month, with year-over-year home sales rising and home prices falling. According to the Illinois Association of REALTORS® latest report, home sales in the city of Chicago in October totaled 1,312; a 7.9 percent increase from the 1,216 homes sold during the same …

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Chicago Home Sales UP and down

There’s good and bad in everything and that includes the latest report on Chicago area home sales. The Illinois Association of Realtors released the report today, and this is what Geoffrey J.D. Hewings had to say about it: “This has been a difficult quarter for the housing markets in Illinois and Chicagoland,” said the Director …

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Mortgage Rates Fall, Yet Again, To Records Lows

Long-term mortgage rates keep falling to new depths. While this isn’t helping boost sales in the Chicago real estate market, it is motivating homeowners to refinance. Freddie Mac said Thursday that long-term mortgage rates are at their lowest levels since the mortgage buyer started keeping track. The average rate on a U.S. 30-year, fixed-rate mortgage was 4.36 …

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