I must admit I am reluctant to share forcast information because it is like predicting a future none of us know may become reality.  I do respect research combined from a lot of resources.  This information primary reflects on the overall Illinois marketplace.  Non-Illinois residents, this may help you to understand what to anticipate in your community.  Please let me know if what Dr. Hewings shares also relates to your state or town.

At the recent Illinois Association of REALTORS® Public Policy Meetings, Dr. Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory (REAL) at the University of Illinois, presented his 2012 Economic Forecast. Watch these videos to find out what Hewings has to say about the impact foreclosures will have on home prices and how the slowdown in consumer mobility is affecting the overall housing market.

Comments are appreciated.

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