April Existing-Home Sales Show Modest Improvement Behind Gaining Inventory
"WASHINGTON (May 22, 2014) – Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors®. Monthly sales gains in the West and South offset a modest decline in the Midwest while the Northeast was unchanged." Read more
Chicago & North Shore real estate has really slowed down. Buyer demand for the area is strong and mortgage rates are still very low for conventional and Jumbo home loans.
Find out what's happening in Lake Forest-Lake Blufffor free with the latest updates from Patch.
Sellers overpricing there properties could be the problem, and this justifies the long market times these properties are accumulating.
Most North Shore communities have more homes for sale over $1,000,000.00 than under. Luxury Buyers are available to sellers however these buyers as much as they want to buy are waiting for better value pricing from sellers.
Find out what's happening in Lake Forest-Lake Blufffor free with the latest updates from Patch.
If you want to know what your home is worth just contact us and we will be happy to create a no obligation "Home Value" report for you. Our reports are very detailed and comprehensive.
Michael P. Zakin is the Principal / Managing Broker of G3C1 & Company.
847-457-1339
