Chicagoland Quarterly Housing Report, Glenview, Northbrook, Morton Grove, Skokie, Chicago Market Update

Chicago and Surrounding Suburbs comparing the current quarter sales statics this year to last year at the same time.  Detached Property Report in PDF  This report is very comprehensive and will give you the same information that the lenders are using in making new loans today.  Attached Property Report Please do take some time and look this over and call me if you have any questions.

6 factors that negatively impact investments

Click Here For More Details on why Condo Hotels don’t pencil out.

How Much Can You Afford to Spend on a Home?

Can I buy this home? To more accurately determine how much you can afford to spend on your mortgage, lenders typically use two ratios. Click Here to Find Out

1520 Glenview Rd, Glenview IL

Location, location, location! Secluded East Glenview 2 bedroom ranch and office. Great move-in condition. This home has a big feel with flowing floor plan, beautiful stone fireplace. Only minutes to train, shopping, parks and restaurants.

2 Briar, Golf in Glenview IL 60029

Sold $378,000.00
Nicely Updated Home Features New Maple Kitchen W/ Separate Breakfast Rm. Large Family Rm W/with Fireplace, Sep Dining Room. Lovely Living Rm With Sliders To Patio. New Master Bath W/whirlpool. Newly Tiled Playroom. Many New Windows, Lg Utility Rm W/new Wash/ Dryer. Good Storage. Not A Short Sale Not A Foreclosure. Just An Amazing Deal

Home sales in Chicago area start to show more signs of life.

Optimism grows as sales increase slightly, median price up from previous month

By Mary Ellen Podmolik | Tribune reporter

In the past few weeks, agents say an undeniable scent of sales is in the air, and data released Thursday gave credibility to their talk.

March sales of previously owned single-family homes and condominiums in Illinois posted their second consecutive month-over-month gain, and for the first time since June, the statewide median price for a home rose from the prior month.
Suburban counties seeing among the largest month-over-month sales increases were Lake County, 65 percent; Kendall County, 51 percent; and Cook County, 38 percent.

Realty agents are taking pains to not get too giddy. After all, that 38 percent one-month gain in sales in Cook County translated to 2,409 properties sold. In March 2008, 3,432 homes sold in Cook County.

Real Estate Glossary

 Learn the definitions of the real estate terms.

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Abstract of judgment, law
The summary of a court judgment that creates a lien against a property when filed with the county recorder.

Accelerated cost recovery system
A tax calculation that provides greater depreciation in the early years of ownership of real estate or personal property.

Accelerated depreciation
A bookkeeping method that depreciates property faster in the early years of ownership.

Acceleration clause
A provision that gives a lender the right to collect the balance of a loan if a borrower misses a payment.

Acceptance
The seller’s written approval of a buyer’s offer.

Access
Any means by which a person can enter property.

Accessibility
The degree to which a building or site allows access to people with disabilities.

MLS Home Search

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