smart move: Illinois Real Estate Market Trends for 2010
- 02/24/11 06:40 AM
Illinois Real Estate Market Trends for 2010 The Chicagoland region ended 2010 nearly even with home sales in 2009.Home sales down -26.6% for year end 2010.Median price down -7.0% to $144,000 which trends back to 2000 levels.More than 53% of homebuyers in IL were first time buyers in 2010.Affordability conditions remain good for first-time buyers although credit-worthiness and lender documentation requirements have become hurdles for some would-be buyers. First-time buyers can look to help from the IHDA's SmartMove loan programs that provide up to $6,000 in down payment and closing cost assistance for those who qualify. Potential buyers who have resources … (1 comments)
Lyn Sims offers market observations, housing industry updates and real estate news about the surrounding communities near Schaumburg IL in the Chicago Northwest Suburbs.
Illinois Real Estate Market Trends for 2010 The Chicagoland region ended 2010 nearly even with home sales in 2009.Home sales down -26.6% for year end 2010.Median price down -7.0% to $144,000 which trends back to 2000 levels.More than 53% of homebuyers in IL were first time buyers in 2010.Affordability conditions remain good for first-time buyers although credit-worthiness and lender documentation requirements have become hurdles for some would-be buyers. First-time buyers can look to help from the IHDA's SmartMove loan programs that provide up to $6,000 in down payment and closing cost assistance for those who qualify. Potential buyers who have resources … (1 comments)
;)
;)
;)
