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Illinois Posts Monthly Sales Decline, Up from Last Year
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WE VERIFY & TRANSMIT TO LENDERS
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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?
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Illinois Posts Monthly Sales Decline, Up from Last Year
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 Posts Monthly Sales Decline, Up from Last Year

November 22, 2011 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined as expected in October but were still far higher than a year ago according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 8,536 existing homes and condos were sold in the Land of Lincoln in October. That was 7.0 percent lower than the 9,182 homes sold in September but 15.3 percent higher than the 7,402 homes sold in October 2010.

The median sales price for a home in Illinois declined 5.0 percent to $130,000 in October from $136,850 in September and was 10.3 percent lower than the median price of $145,000 in October of 2010.

“Foreclosure and short sale inventories are working though the market, and buyers in the market are favoring lower-priced homes with close to 70 percent of homes sold in October priced below $200,000 statewide,” said REALTOR® Loretta Alonzo, CRB, GRI, president of the Illinois Association of REALTORS® and broker-owner of Century 21 Alonzo & Associates in La Grange Park. “The best prescription for the housing market is a robust economy that creates jobs and improves consumer confidence combined with removing over-reaching barriers to home financing that turn away some qualified buyers who want to make a move at this opportune time.”

Forty-seven of the 100 counties that reported data posted higher home sales than a year ago while 46 of the counties posted an increase in their annual median sales price.

Year-over-year home prices were up 18.2 percent in Boone County, 40.3 percent in Coles County, 7.1 percent in Iroquois County, 9.0 percent in Macon County, 9.8 percent in Ogle County, 8.9 percent in Whiteside County and 18.8 percent in Woodford County.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 5,778 homes in October, down 4.3 percent from 6,035 homes sold in September but up 23.7 percent from 4,670 homes sold in October of 2010.

The median price in the Chicago MSA was $149,900 in October, down 6.3 percent from a median price of $160,000 in September and down 15.3 percent compared to last year in October when it was $177,000.

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.
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

November 22, 2011 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined as expected in October but were still far higher than a year ago according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 8,536 existing homes and condos were sold in the Land of Lincoln in October. That was 7.0 percent lower than the 9,182 homes sold in September but 15.3 percent higher than the 7,402 homes sold in October 2010.

The median sales price for a home in Illinois declined 5.0 percent to $130,000 in October from $136,850 in September and was 10.3 percent lower than the median price of $145,000 in October of 2010.

“Foreclosure and short sale inventories are working though the market, and buyers in the market are favoring lower-priced homes with close to 70 percent of homes sold in October priced below $200,000 statewide,” said REALTOR® Loretta Alonzo, CRB, GRI, president of the Illinois Association of REALTORS® and broker-owner of Century 21 Alonzo & Associates in La Grange Park. “The best prescription for the housing market is a robust economy that creates jobs and improves consumer confidence combined with removing over-reaching barriers to home financing that turn away some qualified buyers who want to make a move at this opportune time.”

Forty-seven of the 100 counties that reported data posted higher home sales than a year ago while 46 of the counties posted an increase in their annual median sales price.

Year-over-year home prices were up 18.2 percent in Boone County, 40.3 percent in Coles County, 7.1 percent in Iroquois County, 9.0 percent in Macon County, 9.8 percent in Ogle County, 8.9 percent in Whiteside County and 18.8 percent in Woodford County.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 5,778 homes in October, down 4.3 percent from 6,035 homes sold in September but up 23.7 percent from 4,670 homes sold in October of 2010.

The median price in the Chicago MSA was $149,900 in October, down 6.3 percent from a median price of $160,000 in September and down 15.3 percent compared to last year in October when it was $177,000.

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

November 22, 2011 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois declined as expected in October but were still far higher than a year ago according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 8,536 existing homes and condos were sold in the Land of Lincoln in October. That was 7.0 percent lower than the 9,182 homes sold in September but 15.3 percent higher than the 7,402 homes sold in October 2010.

The median sales price for a home in Illinois declined 5.0 percent to $130,000 in October from $136,850 in September and was 10.3 percent lower than the median price of $145,000 in October of 2010.

“Foreclosure and short sale inventories are working though the market, and buyers in the market are favoring lower-priced homes with close to 70 percent of homes sold in October priced below $200,000 statewide,” said REALTOR® Loretta Alonzo, CRB, GRI, president of the Illinois Association of REALTORS® and broker-owner of Century 21 Alonzo & Associates in La Grange Park. “The best prescription for the housing market is a robust economy that creates jobs and improves consumer confidence combined with removing over-reaching barriers to home financing that turn away some qualified buyers who want to make a move at this opportune time.”

Forty-seven of the 100 counties that reported data posted higher home sales than a year ago while 46 of the counties posted an increase in their annual median sales price.

Year-over-year home prices were up 18.2 percent in Boone County, 40.3 percent in Coles County, 7.1 percent in Iroquois County, 9.0 percent in Macon County, 9.8 percent in Ogle County, 8.9 percent in Whiteside County and 18.8 percent in Woodford County.

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 5,778 homes in October, down 4.3 percent from 6,035 homes sold in September but up 23.7 percent from 4,670 homes sold in October of 2010.

The median price in the Chicago MSA was $149,900 in October, down 6.3 percent from a median price of $160,000 in September and down 15.3 percent compared to last year in October when it was $177,000.

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
WE'VE GOT ANSWERS
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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