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Illinois Home Sales Slow in July, Prices Fall
HOW LOANRATEUPDATE WORKS
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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 SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Illinois Home Sales Slow in July, Prices Fall
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 Slow in July, Prices Fall

September 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums slowed in Illinois during July but remained firmly above year-ago levels according to the latest data from the Illinois Association of REALTORS® (IAR) while home prices couldn’t keep pace, falling both monthly and yearly.

An estimated total of 12,355 existing homes and condos were sold in the Land of Lincoln in July. Home sales were 5.8 percent lower than the 13,111 homes sold in June but were 25.5 percent higher than the 9,846 homes sold in July 2011.

The median sales price for an existing home in Illinois fell 4.5 percent to $148,000 from $155,000 in June and was down 1.7 percent from July of last year. July’s price decline follows two consecutive months of year-over-year increases which were preceded by 23 months of declines.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “The sales momentum we saw building in the first six months of 2012 is continuing into the latter half of the year. Low interest rates and home prices will give the market a foundation for continued strengthening.”

Sixty-two of the 101 counties that reported data posted higher home sales than a year ago, five more than the previous month, while 50 of the counties posted an increase in their annual median sales price, down from 53 last month.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 8,551 in July, down 6.6 percent from 9,156 homes sold in June but up 29.1 percent from the 6,624 homes sold in July of 2011.

The median sales price for a home in the Chicago MSA was $172,000 in July, down 6.0 percent from a median price of $183,000 in June and down 5.9 percent compared to July of last year when the median sales price was $182,700. July’s price decline in the Chicago MSA follows two consecutive months of year-over-year increases which had been preceded by 49 months of declines.

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

Source:
Illinois Association of REALTORS®

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September 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums slowed in Illinois during July but remained firmly above year-ago levels according to the latest data from the Illinois Association of REALTORS® (IAR) while home prices couldn’t keep pace, falling both monthly and yearly.

An estimated total of 12,355 existing homes and condos were sold in the Land of Lincoln in July. Home sales were 5.8 percent lower than the 13,111 homes sold in June but were 25.5 percent higher than the 9,846 homes sold in July 2011.

The median sales price for an existing home in Illinois fell 4.5 percent to $148,000 from $155,000 in June and was down 1.7 percent from July of last year. July’s price decline follows two consecutive months of year-over-year increases which were preceded by 23 months of declines.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “The sales momentum we saw building in the first six months of 2012 is continuing into the latter half of the year. Low interest rates and home prices will give the market a foundation for continued strengthening.”

Sixty-two of the 101 counties that reported data posted higher home sales than a year ago, five more than the previous month, while 50 of the counties posted an increase in their annual median sales price, down from 53 last month.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 8,551 in July, down 6.6 percent from 9,156 homes sold in June but up 29.1 percent from the 6,624 homes sold in July of 2011.

The median sales price for a home in the Chicago MSA was $172,000 in July, down 6.0 percent from a median price of $183,000 in June and down 5.9 percent compared to July of last year when the median sales price was $182,700. July’s price decline in the Chicago MSA follows two consecutive months of year-over-year increases which had been preceded by 49 months of declines.

Tags: Illinois real estate, 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

September 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums slowed in Illinois during July but remained firmly above year-ago levels according to the latest data from the Illinois Association of REALTORS® (IAR) while home prices couldn’t keep pace, falling both monthly and yearly.

An estimated total of 12,355 existing homes and condos were sold in the Land of Lincoln in July. Home sales were 5.8 percent lower than the 13,111 homes sold in June but were 25.5 percent higher than the 9,846 homes sold in July 2011.

The median sales price for an existing home in Illinois fell 4.5 percent to $148,000 from $155,000 in June and was down 1.7 percent from July of last year. July’s price decline follows two consecutive months of year-over-year increases which were preceded by 23 months of declines.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “The sales momentum we saw building in the first six months of 2012 is continuing into the latter half of the year. Low interest rates and home prices will give the market a foundation for continued strengthening.”

Sixty-two of the 101 counties that reported data posted higher home sales than a year ago, five more than the previous month, while 50 of the counties posted an increase in their annual median sales price, down from 53 last month.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 8,551 in July, down 6.6 percent from 9,156 homes sold in June but up 29.1 percent from the 6,624 homes sold in July of 2011.

The median sales price for a home in the Chicago MSA was $172,000 in July, down 6.0 percent from a median price of $183,000 in June and down 5.9 percent compared to July of last year when the median sales price was $182,700. July’s price decline in the Chicago MSA follows two consecutive months of year-over-year increases which had been preceded by 49 months of declines.

Tags: Illinois real estate, 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