All Entries Tagged With: "economic recovery"
Chicago and Suburban Home Sales Keep Moving Up
The Chicago real estate market is showing signs of stabilization. On Thursday, the Illinois Association of Realtors (IAR) reported that existing home sales went up for the 10th straight month in Chicago and throughout Illinois. According to IAR’s latest report, there were 2,526 total home sales in June 2010 in the city of Chicago; that’s [...]
Construction Activity Saw Largest Increase in Almost 10 Years
The hardest-hit sector of the real estate industry is showing signs of improvement. The U.S. Census Bureau of the Department of Commerce on Tuesday announced that construction spending throughout the nation in April 2010 rose by 2.7 percent to an annual rate of $869.1 billion compared to March. That’s the largest one-month increase since August [...]
Home Prices in Illinois Finally Inching Up
Good news about the Illinois and Chicago real estate market is so nice, isn’t it? Well, here is some more, and it happens to be the news we’ve been waiting for. Each month this year we’ve reported on an increase in sales, and April was no different. According to the Illinois Association of REALTORS, 10,323 [...]
Good News About Mortgage Rates
Mortgage rates are going down again and some are posting record lows. Freddie Mac announced Thursday that the 15-year fixed-rate mortgage (FRM) averaged 4.24 percent this week, its lowest level since since the home funding company started tracking this information in 1991. Last week’s average was 4.30 percent and a year ago at this time, [...]
Home-Builder Confidence at Highest Point Since ’07
Good news from the National Association of Home Builders: Builder confidence in new home sales is at its highest level in close to three years. The NAHB on Monday released this month’s Home Market Index (HMI), which shows the demand for new construction and builder confidence in new-home sales. The HMI for May is 22; [...]
