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Spring Sales Start Off Strong in Illinois
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Spring Sales Start Off Strong in Illinois
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Spring Sales Start Off Strong in Illinois
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March 26, 2012 (Shirley Allen)

The spring selling season got off to a strong start in Illinois as monthly sales of existing homes and condominiums surged to their highest levels since 2008 while home prices also made a strong showing according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 9,575 existing homes and condos were sold in the Land of Lincoln in March, the most sales for a March in four years. Home sales were 35.4 percent higher than the 7,067 homes sold in February and were 21.1 percent higher than the 7,904 homes sold in March 2011.

The median sales price for an existing home in Illinois increased 9.4 percent to $130,000 from $118,800 in February and was unchanged from March of last year, the first time since June of 2010 that the year-over-year price hasn’t declined.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “There’s no doubt that these are strong numbers to open the spring selling season. To see such good sales numbers, coupled with a measure of price stability is encouraging news no matter what side of a real estate transaction you happen to be on.”

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 6,590 in March, up 34.9 percent from 4,884 homes sold in February and up 23.8 percent from 5,323 homes sold in March of 2011.

The median sales price for a home in the Chicago MSA was $151,850 in March, up 12.5 percent from a median price of $135,000 in February but still down 3.9 percent compared to March 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®

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March 26, 2012 (Shirley Allen)

The spring selling season got off to a strong start in Illinois as monthly sales of existing homes and condominiums surged to their highest levels since 2008 while home prices also made a strong showing according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 9,575 existing homes and condos were sold in the Land of Lincoln in March, the most sales for a March in four years. Home sales were 35.4 percent higher than the 7,067 homes sold in February and were 21.1 percent higher than the 7,904 homes sold in March 2011.

The median sales price for an existing home in Illinois increased 9.4 percent to $130,000 from $118,800 in February and was unchanged from March of last year, the first time since June of 2010 that the year-over-year price hasn’t declined.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “There’s no doubt that these are strong numbers to open the spring selling season. To see such good sales numbers, coupled with a measure of price stability is encouraging news no matter what side of a real estate transaction you happen to be on.”

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 6,590 in March, up 34.9 percent from 4,884 homes sold in February and up 23.8 percent from 5,323 homes sold in March of 2011.

The median sales price for a home in the Chicago MSA was $151,850 in March, up 12.5 percent from a median price of $135,000 in February but still down 3.9 percent compared to March 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®

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.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

March 26, 2012 (Shirley Allen)

The spring selling season got off to a strong start in Illinois as monthly sales of existing homes and condominiums surged to their highest levels since 2008 while home prices also made a strong showing according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 9,575 existing homes and condos were sold in the Land of Lincoln in March, the most sales for a March in four years. Home sales were 35.4 percent higher than the 7,067 homes sold in February and were 21.1 percent higher than the 7,904 homes sold in March 2011.

The median sales price for an existing home in Illinois increased 9.4 percent to $130,000 from $118,800 in February and was unchanged from March of last year, the first time since June of 2010 that the year-over-year price hasn’t declined.

Loretta Alonzo, president of the Illinois Association of REALTORS®, stated, “There’s no doubt that these are strong numbers to open the spring selling season. To see such good sales numbers, coupled with a measure of price stability is encouraging news no matter what side of a real estate transaction you happen to be on.”

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 6,590 in March, up 34.9 percent from 4,884 homes sold in February and up 23.8 percent from 5,323 homes sold in March of 2011.

The median sales price for a home in the Chicago MSA was $151,850 in March, up 12.5 percent from a median price of $135,000 in February but still down 3.9 percent compared to March 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 Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
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.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.