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Illinois Home Sales Strongest in Five Years
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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 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 Strongest in Five Years
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
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Illinois Home Sales Strongest in Five Years

February 24, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined in January but were still the strongest seen in five years according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 6,435 existing homes and condos were sold in the Land of Lincoln in January, the most for that month since 8,584 homes were sold in January 2007. Home sales were still 27.1 percent lower than the 8,828 homes sold in December but were 16.1 percent higher than the 5,543 homes sold in January 2011.

The median sales price for an existing home in Illinois declined 2.4 percent to $122,500 in January from $125,500 in December and was 9.3 percent lower than the median price of $135,000 in January of last year.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “Whether you’re a seller or a buyer, there are positives to this data. After years of standing on the sidelines, buyers are finding this is the right time to get into affordable housing. While sellers may not be getting all of the money they want for a house, they are getting traffic and interest at levels that haven’t been seen in several years.”

Fifty-three of the 95 counties that reported data posted higher home sales than a year ago, one more than the previous month, while 39 of the counties posted an increase in their annual median sales price, down from 43 last month.

Year-over-year home prices were up 2.7 percent in Effingham, 2.1 percent in Jefferson, 3.2 percent in McLean, 45.3 percent in Peoria, and 0.7 percent in Sangmonto.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 4,447 in January, down 27.0 percent from 6,090 homes sold in December but still up 15.7 percent from 3,844 homes sold in January of 2011.

The median sales price for a home in the Chicago MSA was $140,000 in January, down 3.4 percent from a median price of $145,000 in December and down 11.4 percent compared to January of last year when the median sales price was $158,000.

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

Source:
Illinois Association of REALTORS®

INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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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A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
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HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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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YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 24, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined in January but were still the strongest seen in five years according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 6,435 existing homes and condos were sold in the Land of Lincoln in January, the most for that month since 8,584 homes were sold in January 2007. Home sales were still 27.1 percent lower than the 8,828 homes sold in December but were 16.1 percent higher than the 5,543 homes sold in January 2011.

The median sales price for an existing home in Illinois declined 2.4 percent to $122,500 in January from $125,500 in December and was 9.3 percent lower than the median price of $135,000 in January of last year.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “Whether you’re a seller or a buyer, there are positives to this data. After years of standing on the sidelines, buyers are finding this is the right time to get into affordable housing. While sellers may not be getting all of the money they want for a house, they are getting traffic and interest at levels that haven’t been seen in several years.”

Fifty-three of the 95 counties that reported data posted higher home sales than a year ago, one more than the previous month, while 39 of the counties posted an increase in their annual median sales price, down from 43 last month.

Year-over-year home prices were up 2.7 percent in Effingham, 2.1 percent in Jefferson, 3.2 percent in McLean, 45.3 percent in Peoria, and 0.7 percent in Sangmonto.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 4,447 in January, down 27.0 percent from 6,090 homes sold in December but still up 15.7 percent from 3,844 homes sold in January of 2011.

The median sales price for a home in the Chicago MSA was $140,000 in January, down 3.4 percent from a median price of $145,000 in December and down 11.4 percent compared to January of last year when the median sales price was $158,000.

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

Source:
Illinois Association of REALTORS®

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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

February 24, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined in January but were still the strongest seen in five years according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 6,435 existing homes and condos were sold in the Land of Lincoln in January, the most for that month since 8,584 homes were sold in January 2007. Home sales were still 27.1 percent lower than the 8,828 homes sold in December but were 16.1 percent higher than the 5,543 homes sold in January 2011.

The median sales price for an existing home in Illinois declined 2.4 percent to $122,500 in January from $125,500 in December and was 9.3 percent lower than the median price of $135,000 in January of last year.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “Whether you’re a seller or a buyer, there are positives to this data. After years of standing on the sidelines, buyers are finding this is the right time to get into affordable housing. While sellers may not be getting all of the money they want for a house, they are getting traffic and interest at levels that haven’t been seen in several years.”

Fifty-three of the 95 counties that reported data posted higher home sales than a year ago, one more than the previous month, while 39 of the counties posted an increase in their annual median sales price, down from 43 last month.

Year-over-year home prices were up 2.7 percent in Effingham, 2.1 percent in Jefferson, 3.2 percent in McLean, 45.3 percent in Peoria, and 0.7 percent in Sangmonto.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 4,447 in January, down 27.0 percent from 6,090 homes sold in December but still up 15.7 percent from 3,844 homes sold in January of 2011.

The median sales price for a home in the Chicago MSA was $140,000 in January, down 3.4 percent from a median price of $145,000 in December and down 11.4 percent compared to January of last year when the median sales price was $158,000.

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

Source:
Illinois Association of REALTORS®

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
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CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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.
SEARCH FOR A HOME
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

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