Feds announce more assistance for distressed homeowners - 03/29/10 04:35 PM
The Federal government announced last week that it would use funds to help those with underwater mortgages stay in their homes through a program meant to lower the outstanding balances of the mortgage loans of those who qualify to the current market value.  The announcement also announced certain financial incentives to investors and mortgage firms who offer similar assistance to distressed borrowers themselves.  Bank of America said it would begin offering this same assistance to certain of its borrowers.

Although certainly not related, a front page story in USA Today covered the plight of several homeowners who found themselves … (1 comments)

Home prices to increase say real state professionals - 03/26/10 02:27 PM
Some 77 percent of U.S. real estate professionals surveyed think home prices will either stay the same (48 percent) or decrease (29 percent) in the next six months, according to HomeGain’s First Quarter Home Prices Survey. In comparison, the first quarter 2009 survey results indicated that 89 percent of agents and brokers thought home prices would decrease (53 percent) or stay the same (36 percent).
The top 10 states where real estate professionals think home prices will go down in the next six months:1. Minnesota (82%)2. Oregon (65%)3. Illinois (54%)4. Utah (50%)5. Michigan (42%)6. New Jersey (44%)7. Nevada (43%)8. Connecticut (42%)9. … (0 comments)

Housing Market Trends and Forecast - 03/25/10 07:00 PM
Housing Market Overview On an annual basis, the strong sales growth recorded in Illinois and Chicago in December moderated a little in Illinois but remained close to 30% in Chicago. The months of December and January witnessed negative month-to-month sales in Illinois and Chicago but produced increases on 10% in Illinois and 5% in Chicago in February. Forecasts Forecasts for the next three months (March, April, and May, 2010) indicate sales increasing in Illinois in the 1-8% range and in Chicago in the 7-20% range on an annual Basis Month-to-month sales growth will be positive in all three months; for Chicago, the range will be … (0 comments)

ILHM National Luxury Market Report as of March 21, 2010 - 03/24/10 06:49 PM
How's the top of the Market this week? The ILHM National Report looked at 34533 luxury homes on the market. The ILHM Luxury Composite Price this week is $1,138,080. These homes have been on the market for an average of 244 days. Luxury home prices across the ILHM National sample have stayed relatively stable in recent weeks. This week median price is $1,138,080. Below is a look of  local luxury markets around the country. If you want to search for luxury homes around Chicago, click here … (1 comments)

 

Donna Lavin

Barrington, IL

More about me…

Hunter's Fairway - Sotheby's Int'l Realty

Address: 101 South Wynstone Park Dr., Barrington, IL, 60010

Office Phone: (847) 381-7100 x 7267

Cell Phone: (847) 525-1788

Email Me



Links

Archives

RSS 2.0 Feed for this blog