110 Wood Dr Algonquin 60102

THIS IS THE LIFESTYLE! BEAUTIFUL 3000+ sq ft CONTEMPORARY W OPEN FLOOR PLAN & BOAT DOCK ON FOX RIVER. 2 MASTER BDRMS: ONE IS A SUITE W. DEN/OFFICE BUILT-IN BOOKSHELVES, 2 W-IN CLOSETS, LG BATH, SEP. SINKS & KOHLER WHIRLPOOL TUB. 2ND MASTER W. FULL BATH. IN-LAW? BRIGHT LV.RM W. VAULTED CEILING & SKYLIGHTS. FAM RM W. FP & SLIDER TO DECK. LG MODERN KITCHEN W. BAY WINDOW & BRKFST BAR. PRIVATE WOODED 1/2 ACRE. AGENT OWNED

MLS Listing Sheet

Sue Ackerson
Real Estate Agent
IllinoisRealEstate.com
Cell/Text: (847) 894-0351
eFax: (312) 253-2049
sue.ackerson@illinoisrealestate.com

1806 W Diversey Pkwy Chicago IL 60614

SINGLE FAMILY HOME @ GREAT RENTAL PRICE! BEAUTIFUL 3 BDRMS, 2.1 BATH HOME IN GATED COMMUNITY, PICARDY PLACE! HARDWOOD ON 1ST FLOOR. KITCHEN W/ GRANITE COUNTERS & STAINLESS APPLIANCES! FENCED 25X10 BACKYARD W/DECK! MASTER BDRM WITH CATHEDRAL CEILINGS, MASTER BATH WITH WHIRLPOOL TUB & DOUBLE SINKS. CUSTOM CLOSETS THROUGHOUT. FLATSCREEN TV WITH SURROUND SOUND IN LIVING ROOM!

For Sale MLS Sheet | Rental Version

Sarah Levi
Realtor
IllinoisRealEstate.com
Cell/Text: (773) 414-4756
sarah.levi@illinoisrealestate.com

Chuck White
Realtor
IllinoisRealEstate.com
Cell: (847) 727-1021
chuck.white@illinoisrealestate.com

1853 W 34th Pl Chicago Mckinley Park

BEST BUY IN MCKINELY PARK! 2 BEDROOM SINGLE FAMILY HOME WITH SEPARATE LIVING ROOM AND DINING ROOM, OFFICE/DEN, 2 CAR GARAGE, BEAUTIFULLY LANDSCAPED BACK YARD, WALK-OUT BASEMENT AND ATTIC W/ POTENTIAL TO EXPAND. NEAR PUBLIC TRANSPORTATION, I-55, LOOP, SOX PARK.

Price: $180,000
1853 W 34th Pl. Chicago 60608
MLS ID# 07211503
Beds: 2 Baths: 1

Sean Agnew
Realtor
IllinoisRealEstate.com
Cell/Text: (708) 772-2542
eFax: (312) 253-2049
sean.agnew@illinoisrealestate.com

March 2009 Housing Numbers cont.

For the second month in a row existing homes sold increased in Chicago and the surrounding suburbs.

In the Chicago Metropolitan (nine-county) Area, home sales were up 38.3 percent (4,260 homes sold in March 2009 vs. 3,081 home sales in February 2009).

The median home sale price for the Chicago area was up 5.7 percent ($194,000 in March 2009 vs. $183,500 in February 2009)

For the city of Chicago, March 2009 home sales (single-family and condos) were up 40.6 percent (1,181 sales vs. 840).

The median price for homes in the City of Chicago also rose 0.8 percent ($220,000 in March 2009 vs. $218,125 in February 2009)

State of the Real Estate Market

Nothing really surprising with the new housing numbers. Being that short sales and foreclosures continue to make up more than half of the housing sales I fully expect the median sales prices to continue to fall. Short sales and foreclosures present the best opportnity to purchase properties at a discount and most of these sales are $300,000 or less. This is great if you are a first-time home buyer or do not need to sell your home in order to purchase one. Unfortunately that is not the majority of would-be home buyers.

You can also expect the number of foreclosures to rise once the 90 day reprive expires (the amount of time given to homeowners to negotiate with their lenders before their lender begins the foreclosure process). I know the government meant well granting this 90 day window, but if someone lost their job, how are they going to pay for their mortgage anyway?

March 2009 Housing Numbers

According to the Illinois Association of Realtors the nine-county Chicago region saw home sales fall by 26% and a decrease of 42% in housing sales in the city of Chicago vs. the same period last year.

Housing prices continue to fall as well. For the nine-county Chicago region, the median home price (where half the homes sold for more and half sold for less) was $194,000 vs. $248,000, a decrease of 21.8% for the same period a year ago. The news was even worse for the city of Chicago where the median price fell to $220,000 from $300,980 last March.

The nine-county Chicago region consists of the following counties: Cook County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County and Will County.

7033 N Kedzie Ave Chicago IL 60645

1877 SQ FT CORNER CONDO ON THE 15TH FLOOR! 16' BALCONY W/ PANORAMIC VIEW. GRACIOUS 12' FOYER. 3 BDRM/2 BATH. NEW HARDWOOD FLOORING AND CARPET IN BDRMS. EAT-IN KITCHEN. NEW TRACK LIGHTING THROUGHOUT. SECURITY SYSTEM. SHORT WALK TO SHOPPING & DINING @ LINCOLNWOOD TOWNE CENTER. MONTHLY ASSESSMENT INCLUDES HEAT, A/C, CABLE, POOL, COMMON AREAS (INC. LAUNDRY, STORAGE, ELEVATOR). PETS ACCEPTED.

MLS Sheet

Sarah Levi
Realtor
IllinoisRealEstate.com
Cell/Text: (773) 414-4756
sarah.levi@illinoisrealestate.com

Chuck White
Realtor
IllinoisRealEstate.com
Cell: (847) 727-1021
chuck.white@illinoisrealestate.com

Will These Government Programs Help The Housing Market?

Housing is about supply and demand and the government is trying their best to help in both areas. With the Fed buying (A LOT) of US Treasuries bonds they are artifically lowering interest rates on mortgages, which should make housing even more affordable, which should create more demand, but who is buying? The problem is that so many people have been foreclosed or have negotiated short sales and now their credit is so bad they can't get a mortgage, so the pool of potential buyers is greatly reduced. I also know there are plenty of people that are current on their existing mortgages that would love to take advantage of these lower prices, but can not because either they can not sell their current home or the price they would receive would not be sufficient to payoff their current mortgage.

As for the supply aspect, the government is trying to keep as many people as possible in their homes. Obama's refinance and loan modification program is definitely a step in the right direction, but is it too late? Probably not, but what happens to the people who just got laid off and can't find a new job? I believe the government could have a greater impact on the supply side than demand.

The government announced today that they will be purchasing/leveraging up to $1 TRILLION in bad (toxic)assets. There are some interesting aspects of this plan, but I'll concentrate on the real estate part. Assuming most of these bad assets are foreclosures, the government could play a major role with the supply of homes on the market. I would first take at least 50% of foreclosures currently listed off the market. Then for every 3 foreclosure that sell, put another 2 on the market (I wanted to keep the numbers simple). I believe this would help stabilize prices and balance supply and demand.

February 2009 Housing Numbers

According to the Illinois Association of Realtors Chicago-area home sales in the month of February fell about 29%. There were 3,082 single family homes and condos sold in the nine-county (Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will) Chicago region vs. 4,326 single family homes and condos sold for the same period last year.

The median price of homes in the Chicago-area (same nine county region) fell 23.5%, $183,625 vs. $240,000 for the same period last year.

The news was even worse in the city of Chicago where sales were down 40% (841 units vs. 1412) for the same period a year ago and the median price was down about 24.7% ($218,250 vs. $290,000).

Chicago home prices drop 14.3 percent in 2008

IllinoisRealEstate.com In The News From Medill Money Mavens (medillmoneymavens.com)

BY INYOUNG HWANG - MEDILL NEWS SERVICE (medillnewsservice.com)

“There’s no doubt we’ve seen a softening of prices throughout Chicagoland,” said Brian Nygard, a Chicago-based realtor who runs the website IllinoisRealEstate.com and writes regularly on the site’s blog. “There’s just not as much demand.”

Read Full Article: http://medillmoneymavens.com/2009/02/24/chicago-home-prices-drop-143-percent-in-2008/ (copy & paste)