Chicago real estate market

Builder Confidence Increase Good News for the Chicago Real Estate Market

For the third consecutive month, builder confidence in the market for newly built, single-family homes has risen. With its highest reading since January of 2006, the score rose six points to 57 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for the month of July. “Today’s report is particularly encouraging …

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Helping Clients Buy in Short Supply: Tips for Realtors

The real estate market is heating up: housing supply is going down, prices are rising and sellers are fielding multiple offers. Real estate agencies that focus on buyers, such as StartingPoint Realty, are faced with a limited supply of properties these days. Looking for homes right now is completely different than in the previous five …

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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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