Tuesday, September 25, 2012

Carpe Diem: Great time for motivated sellers and educated buyers..

Chicago-area home prices post third straight strong increase

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(Crain's) — A closely watched index of local home prices posted a third straight strong increase in July, rising to its highest point in nearly a year.
The S&P/Case-Shiller index of Chicago-area single-family home prices rose 2.7 percent from June to July, according to a report released this morning. The local index jumped 4.6 percent from May to June and 4.5 percent from April to May.
The July index number is the highest for the area since September. Chicago-area prices are still are down almost 1 percent year-over-year, according to the report.
A 20-city composite price index increased 1.6 percent from June to July and was up 1.2 percent on a year-over-year basis, according to the report.
“The news on home prices in this report confirm recent good news about housing,” David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a release. “Single-family housing starts are well ahead of last year's pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing.
“All in all, we are more optimistic about housing. Upbeat trends continue. For the third time in a row, all 20 cities and both composites had monthly gains.”
The July increase was the fourth in a row for the Chicago area. Prices rose 1.2 percent from April to May.
On a seasonally adjusted basis, Chicago-area prices rose 0.8 percent in the period, compared with a 0.4 percent rise for the 20-city index.
Chicago-area prices still are down about 31 percent from their peak in September 2006, according to Case-Shiller data.

Monday, September 10, 2012

Carpe Diem. September Real Estate update..Check it out





Carpe Diem...Real Estate Update
General Real Estate News & Views
Feature Photo
HOMEBUILDER CONFIDENCE IN U.S. INCREASES TO 5-YEAR HIGH
Confidence among U.S. homebuilders climbed in August to the highest level in more than five years, affirming the improvement in residential construction.
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Feature Photo
BANKS EASE LENDING TERMS TO MEET INCREASED DEMAND
Commercial banks eased standards for residential mortgage loans to meet a sharp increase in demand in the second quarter, the Federal Reserve reported in its quarterly survey of bank lending standards.
 MORE
Feature Photo
WHAT IT MEANS TO BE AN 'EXPERT' IN REAL ESTATE
If you are either buying or selling a home in today’s market, you need a real estate expert. However, we must realize what the term ‘expert’ actually means.
 MORE

 
   
 
Looking for the best place to settle down after you and your partner tie the knot? A recent report has narrowed down the 10 best cities in the country for newlyweds.
 

 
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Ron Goldstein

MBA, EcoBroker, QSC

phone: (312)264-5846
mobile: (312)771-7190


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