Posts about Market Updates

Arlington Heights is still in a “Buyers Market” and there are some amazing deals to be had. While we have seen a big increase in the number of closed properties over the past 60 days buyers still have the advantage when negotiating.
There is a 10% reduction in the number of single family home on [...]

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Here are a few charts that we use to track the market. These charts allow you to see a snap shot of the market based on the last day of each month. While charts do provide a good overview it is only a small part of how we track the markets. For more details about [...]

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Interest rates have dropped to the lowest levels in 2008. A qualified buyer can lock a rate today (9/9/2008) for 5.75% for a 30 year fixed interest rate. This interest rate drop has been fueled by the decision of the Federal Government to take over failing Fannie Mae and Freddie Mac.
If you are thinking [...]

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Are you trying to time the market to purchase at the bottom? If you aren’t there is a really good chance you know someone who is. The media spits out national housing statistics and it scares most people because they forget real estate is local.
What happens in California has little to do with our [...]

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Real estate markets are considered to be “normal” when there is 6 months worth of inventory. This is a number that most of the Chicagoland area hasn’t seen since May/June of 2006. With inventory numbers peaking last October-December at levels around 24 months for most areas.

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Overview of the real estate market in Arlington Heights Illinois as of 5/20/08. Market statistics and details of the highest and lowest price listings are included.

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