11 Facts About the Illinois Housing Market

With record-low interest rates, ample supply of homes and more affordable prices, this may be the best buying opportunity in years. If you need to sell, be patient and price your home correctly. Wise buyers and sellers get the facts about their market.

Learn these facts about today’s Illinois real estate markets:

  1. Best buying opportunity in years! If you’ve been thinking about buying a home, your timing couldn’t be better. With current inventory levels and prices stabilizing, plus historically low interest rates and the homebuyer tax credit, you have an unprecedented buying opportunity.
  2. Interest rates have one way to go—UP! Mortgage rates reached 50-year lows in 2009. This is an ideal time for buyers to save thousands of dollars by obtaining home ­financing at record-low rates.
  3. Current market conditions won’t last long. In Illinois sales volumes are on the rebound. As sales ­increase, ­inventory levels will decrease and prices will begin to rise. Buy now for the long-term while you have the buyer advantage.

Clinical5Get 8 more facts and download the flyer “11 Facts You Should Know About Today’s Illinois Real Estate Markets” at YourIllinoisHome.com.

Remember, it has never been more important to work with a REALTOR®, the local market expert. You don’t have to go it alone.

2009-12-07T14:11:40+00:00December 7th, 2009|Housing Market|4 Comments

About the Author:

Jon Broadbooks is vice president for communications at Illinois REALTORS®.

4 Comments

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