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Illinois Home Sales Continue to Improve
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Illinois Home Sales Continue to Improve
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Illinois Home Sales Continue to Improve

July 30, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums continued to see steady improvement in Illinois during June and remained well above year-ago levels according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 13,111 existing homes and condos were sold in the Land of Lincoln in June. Home sales were 9.4 percent higher than the 11,984 homes sold in May and were 18.0 percent higher than the 11,108 homes sold in June 2011.

The median sales price for an existing home in Illinois increased 7.4 percent to $155,000 from $145,000 in May and was up 3.3 percent from June of last year, the second consecutive month home prices have increased year-over-year price after 23 months of declines.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “The combination of low prices and even lower interest rates in June far outweighed any lingering concerns on the part of prospective homebuyers about the broader economy. This year’s spring selling season clearly marked a promising turn in the housing market in Illinois.”

Fifty-seven of the 101 counties that reported data posted higher home sales than a year ago, ten more than the previous month, while 53 of the counties posted an increase in their annual median sales price, up from 51 last month.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 9,156 in June, up 10.6 percent from 8,276 homes sold in May and up 22.4 percent from 7,481 homes sold in June of 2011.

The median sales price for a home in the Chicago MSA was $183,000 in June, up 7.6 percent from a median price of $170,000 in May and up 1.7 percent compared to June of last year when the median sales price was $180,000. It was the second consecutive month that home prices in the Chicago MSA have increased year-over-year after declining for the previous 49 months.

Tags: existing homes, condos, sales, median home prices, Illinois

Source:
Illinois Association of REALTORS®

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
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Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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July 30, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums continued to see steady improvement in Illinois during June and remained well above year-ago levels according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 13,111 existing homes and condos were sold in the Land of Lincoln in June. Home sales were 9.4 percent higher than the 11,984 homes sold in May and were 18.0 percent higher than the 11,108 homes sold in June 2011.

The median sales price for an existing home in Illinois increased 7.4 percent to $155,000 from $145,000 in May and was up 3.3 percent from June of last year, the second consecutive month home prices have increased year-over-year price after 23 months of declines.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “The combination of low prices and even lower interest rates in June far outweighed any lingering concerns on the part of prospective homebuyers about the broader economy. This year’s spring selling season clearly marked a promising turn in the housing market in Illinois.”

Fifty-seven of the 101 counties that reported data posted higher home sales than a year ago, ten more than the previous month, while 53 of the counties posted an increase in their annual median sales price, up from 51 last month.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 9,156 in June, up 10.6 percent from 8,276 homes sold in May and up 22.4 percent from 7,481 homes sold in June of 2011.

The median sales price for a home in the Chicago MSA was $183,000 in June, up 7.6 percent from a median price of $170,000 in May and up 1.7 percent compared to June of last year when the median sales price was $180,000. It was the second consecutive month that home prices in the Chicago MSA have increased year-over-year after declining for the previous 49 months.

Tags: existing homes, condos, sales, median home prices, Illinois

Source:
Illinois Association of REALTORS®

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 30, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums continued to see steady improvement in Illinois during June and remained well above year-ago levels according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 13,111 existing homes and condos were sold in the Land of Lincoln in June. Home sales were 9.4 percent higher than the 11,984 homes sold in May and were 18.0 percent higher than the 11,108 homes sold in June 2011.

The median sales price for an existing home in Illinois increased 7.4 percent to $155,000 from $145,000 in May and was up 3.3 percent from June of last year, the second consecutive month home prices have increased year-over-year price after 23 months of declines.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “The combination of low prices and even lower interest rates in June far outweighed any lingering concerns on the part of prospective homebuyers about the broader economy. This year’s spring selling season clearly marked a promising turn in the housing market in Illinois.”

Fifty-seven of the 101 counties that reported data posted higher home sales than a year ago, ten more than the previous month, while 53 of the counties posted an increase in their annual median sales price, up from 51 last month.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 9,156 in June, up 10.6 percent from 8,276 homes sold in May and up 22.4 percent from 7,481 homes sold in June of 2011.

The median sales price for a home in the Chicago MSA was $183,000 in June, up 7.6 percent from a median price of $170,000 in May and up 1.7 percent compared to June of last year when the median sales price was $180,000. It was the second consecutive month that home prices in the Chicago MSA have increased year-over-year after declining for the previous 49 months.

Tags: existing homes, condos, sales, median home prices, Illinois

Source:
Illinois Association of REALTORS®

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS