Special offer

Illinois Home Sales Improving!

By
Mortgage and Lending with Movement Mortgage NMLS # 574681

 

It's great to get good news in the housing industry isn't it?

According to the Illinois Association of Realtors, home sales increased almost 16% statewide in April compared to one year ago.

On a more local level...home sales in the Chicago area (including single family homes and condos) are up over 19% from this time last year.

These numbers show that potential buyers are realizing that the value of home ownership is still viable. Rents in the city seem to be increasing daily, and the supply of rental properties is dwindling. As a result, people seem to leaning back towards buying again.

And why not? Interest rates are at historic lows and there is a steady supply of inventory. Home affordability is at its highest level ever. All of these things are compelling to both first-time and move-up buyers looking to spend their dollars more wisely and own versus rent.

Purchase applications have picked up in my office, which is a great sign. Many of my realtor partners are finally seeing the results of their hard work. And they truly deserve it.

Please let me know if there's anything I can do for you and/or your clients.

Have a great day...

JP

Posted by

JP Marzano

NMLS ID# 574681

O: 312-654-7216

M: 312-608-1555

www.themortgagecall.com

www.facebook.com/themortgagecall

www.twitter.com/themortgagecall

www.linkedin.com/in/jpmarzano

Comments (0)