Good news from the National Association of Home Builders: Builder confidence in new home sales is at its highest level in close to three years. The NAHB on Monday released this month’s Home Market Index (HMI), which shows the demand for new construction and builder confidence in new-home sales. The HMI for May is 22; …
Home-Builder Confidence at Highest Point Since '07 Read More »
Suburban and Chicago real estate saw a huge boost in first-quarter sales this year, thanks in large part to the Federal Homebuyers Tax Credit. According to the Illinois Association of Realtors (IAR), the city of Chicago marked the biggest increase, with the sale of existing homes up 41.6 percent in the first quarter of this …
First-Quarter Home Sales Offer Reason to Celebrate Read More »
The National Association of Home Builders (NAHB) is feeling good this month. NAHB released the results of its most recent housing market index (HMI), which tracks confidence throughout the real estate industry, and reported a four-point increase in April to 19, the highest level in seven months. The last time the HMI was at 19 …
Positive News for this Month's Real Estate Market Read More »
The Chicago area real estate market is beginning to stabilize. According to a report released Monday by the Illinois Association of Realtors, Chicago area home sales rose for the eighth straight month and were up 32 percent in February compared to last year’s February numbers. In fact, total home sales in February 2010 were up …
Have you refinanced your home lately? Now is the time. The U.S. Federal Reserve on Tuesday reaffirmed plans to stop a program that has helped keep mortgage rates down. The current 30-year fixed mortgage rate is just under 5%. Take advantage if you haven’t already. The Fed has been buying mortgage-backed securities, primarily from Fannie …
The Illinois Association of Realtors reported Friday that during the month of September, 6,862 homes were sold to the 6,477 homes sold in September 2008. This represents the third consecutive month that residential Chicagoland real estate recorded monthly increases. Sales of existing homes and condominiums in the Chicago area rose 5.9 percent. Local counties recording …
