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suburbs: Changing Home Sale Market in Chicago and Suburbs - 06/25/09 05:56 PM
What is the next glitch in the changing home sale market for Chicago and the Suburban Market?
What also affects those property owners who want to refinance their property or do a mortgage modification?
Its the Appraisal....
Since May 1, home appraisals must be ordered at arm's length, often through a national management company. Gone are the days when a mortgage broker or lender could hire a familiar appraiser to close a deal. Now, communication between the appraiser and real estate agents is discouraged.
The new rules were proposed by New York Attorney General Andrew Cuomo, who pushed for the standards … (0 comments)
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suburbs: Arlington Heights Real Estate Market Update - 02/19/09 09:14 AM
Did you know that homes ARE selling in Arlington Heights? As of February 19, 2009, 9% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! That is still a relatively low number compared to during the booming real estate market but it does mean that there are buyers out there!
Here are the rest of the market statistics as of February 19, 2009:
Property Type: Detached Single Status: Active, Back on Market, Contingent, New, Price Change, Re-activated, Pending Area: Arlington Heights
The attached homes range in list price from $48,000 to $849,000 with … (0 comments)
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