Reports

Usually we all think of the winter season as a slowdown, but not here in NW Chicagoland! We have very exciting news that pending home sales are up across the nation and are surging up here in the Midwest of the country! The National Association of Realtor’s Pending Home Sales Index rose 10.4% in October … Continue reading Pending Home Sales SURGE in the Midwest! – Chicagoland NW Suburban IL Real Estate & Community

Things have been quiet from NAR until very recently when they have been flooding the real estate world with great information! Firstly they have released information that shows how Home buyers today have affirmed a long-term view of home ownership according to NAR’s recent homeownership survey. They know that whether you are buying in Schaumburg, … Continue reading Homeownership Survey & Pending Home Sales Data From NAR – Chicagoland NW Suburban IL Real Estate & Community

Mortgages, Mortgages, Mortgages! NOT the most exciting topic of conversation – but something to talk about in the Real Estate market. I know I have been pretty quiet about what is going on in the mortgage market. There is a reason for this – not much is going on! But this is a great sign … Continue reading Chicagoland NW Suburban IL Real Estate & News: Mortgage Market Update – Now is the time to Buy in NW Chicagoland – Rates are great!

We have reported on January’s figures thanks to REAL Trend and NAR and the Illinois Association of Realtors, now we have sales data for February 2010 in courtesy of the National Association of Realtors. The news for the nation is that of slowed growth and steady home sales. Nationally existing home sales declined slightly in … Continue reading Chicagoland IL NW Suburb Real Estate: National Association of Realtors Releases FEBRUARY 2010 Real Estate Figures

In view of a weakening of the economic outlook and increasing downside risks to growth, the Federal Reserve board on December 16th dropped the target short-term interest rate, to .25%, the lowest level in history. This basically means that banks can borrow money from each other at relatively no cost.  This now pushes the Fed’s … Continue reading Fed Slashes Key Rate to Near Zero

“I KNEW THE RECORD WOULD STAND UNTIL IT WAS BROKEN.” -Yogi Berra. And while last week’s Jobs Report wasn’t the worst record breaker of all time, it showed a loss of 533,000 jobs during the month of November, which represented the most job losses the US has seen in 35 years. And adding more pain … Continue reading Your Chicagoland Mortgage Market Update – 12/8/08