Illinois Northwest Suburban Housing Market
By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Whats going on in the Illinois Housing Market - February 2010 I wouldn't break out your party hats: “We are encouraged by more signs of improvement in the Illinois housing market spurred by the tremendous buyer market conditions with sales increases for six months in a row statewide and eight months running in the Chicagoland nine-county region.” (IAR, 3/22/10)Is the Tax Credit Helping: Households aren’t leaping to take advantage of the housing opportunities they perceive in today’s market because they are still concerned about job prospects and the state of the economy and not because of any negative concerns about the housing market.Translation: People are not jumping after the tax credit like we'd hoped.First-time buyers: Survey shows first-time buyers purchased 40 percent of ho...
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