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Yearly Home Sales Unchanged in Illinois, Home Prices Tumble
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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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Yearly Home Sales Unchanged in Illinois, Home Prices Tumble
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
Yearly Home Sales Unchanged in Illinois, Home Prices Tumble

January 25, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois surged in December, but the total number of homes sold in 2011
remained virtually unchanged from the previous year, while home prices continued to tumble according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 8,828 existing homes and condos were sold in the Land of Lincoln in December. That was 11.0 percent higher than the 7,954 homes sold in November and 14.0 percent higher than the 7,746 homes sold in December 2010.

The median sales price for an existing home in Illinois declined 2.3 percent to $125,500 in December from $128,500 in November and was 10.4 percent lower than the median price of $140,000 in December of 2010.

Total home sales in 2011 were down just slightly from 2010, falling from 103,899 homes sold in 2010 to 103,785 in 2011 with the statewide median price dropping from $151,500 in 2010 to $137,500 in 2011.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “While median home prices continue to be a concern in much of the state, the continued trend of month-over-month increases in the number of home sales is encouraging news. Buyers are finding deals that are simply too good to pass up, and that coupled with stronger consumer optimism is making this an excellent way to start 2012.”

Fifty-two of the 100 counties that reported data posted higher home sales than a year ago, the same number of counties as last month, while 43 of the counties posted an increase in their annual median sales price, up from 41 last month.

Year-over-year home prices were up 12.2 percent in Champaign, 3.7 percent in Grundy, up 10.5 percent in Kankakee, up 0.9 percent in Peoria, 5.5 percent in Saint Clair, up 1.2 percent in Sangamon, 8.5 percent in Woodford Counties

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 6,090 in December, up 11.7 percent from 5,453 homes sold in November and up 17.0 percent from 5,204 homes sold in December of 2010.

The median sales price for a home in the Chicago MSA was $145,000 in December, down 3.3 percent from a median price of $150,000 in November and down 13.6 percent compared to December of last year when the median sales price was $167,850.

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.
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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
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YOU'VE WORKED HARD TO BUILD YOUR DREAM

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January 25, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois surged in December, but the total number of homes sold in 2011
remained virtually unchanged from the previous year, while home prices continued to tumble according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 8,828 existing homes and condos were sold in the Land of Lincoln in December. That was 11.0 percent higher than the 7,954 homes sold in November and 14.0 percent higher than the 7,746 homes sold in December 2010.

The median sales price for an existing home in Illinois declined 2.3 percent to $125,500 in December from $128,500 in November and was 10.4 percent lower than the median price of $140,000 in December of 2010.

Total home sales in 2011 were down just slightly from 2010, falling from 103,899 homes sold in 2010 to 103,785 in 2011 with the statewide median price dropping from $151,500 in 2010 to $137,500 in 2011.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “While median home prices continue to be a concern in much of the state, the continued trend of month-over-month increases in the number of home sales is encouraging news. Buyers are finding deals that are simply too good to pass up, and that coupled with stronger consumer optimism is making this an excellent way to start 2012.”

Fifty-two of the 100 counties that reported data posted higher home sales than a year ago, the same number of counties as last month, while 43 of the counties posted an increase in their annual median sales price, up from 41 last month.

Year-over-year home prices were up 12.2 percent in Champaign, 3.7 percent in Grundy, up 10.5 percent in Kankakee, up 0.9 percent in Peoria, 5.5 percent in Saint Clair, up 1.2 percent in Sangamon, 8.5 percent in Woodford Counties

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 6,090 in December, up 11.7 percent from 5,453 homes sold in November and up 17.0 percent from 5,204 homes sold in December of 2010.

The median sales price for a home in the Chicago MSA was $145,000 in December, down 3.3 percent from a median price of $150,000 in November and down 13.6 percent compared to December of last year when the median sales price was $167,850.

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

January 25, 2012 (Shirley Allen)

Monthly sales of existing homes and condominiums in Illinois surged in December, but the total number of homes sold in 2011
remained virtually unchanged from the previous year, while home prices continued to tumble according to the latest data from the Illinois Association of REALTORS® (IAR).

An estimated total of 8,828 existing homes and condos were sold in the Land of Lincoln in December. That was 11.0 percent higher than the 7,954 homes sold in November and 14.0 percent higher than the 7,746 homes sold in December 2010.

The median sales price for an existing home in Illinois declined 2.3 percent to $125,500 in December from $128,500 in November and was 10.4 percent lower than the median price of $140,000 in December of 2010.

Total home sales in 2011 were down just slightly from 2010, falling from 103,899 homes sold in 2010 to 103,785 in 2011 with the statewide median price dropping from $151,500 in 2010 to $137,500 in 2011.

Loretta Alonzo, President of the Illinois Association of REALTORS®, stated, “While median home prices continue to be a concern in much of the state, the continued trend of month-over-month increases in the number of home sales is encouraging news. Buyers are finding deals that are simply too good to pass up, and that coupled with stronger consumer optimism is making this an excellent way to start 2012.”

Fifty-two of the 100 counties that reported data posted higher home sales than a year ago, the same number of counties as last month, while 43 of the counties posted an increase in their annual median sales price, up from 41 last month.

Year-over-year home prices were up 12.2 percent in Champaign, 3.7 percent in Grundy, up 10.5 percent in Kankakee, up 0.9 percent in Peoria, 5.5 percent in Saint Clair, up 1.2 percent in Sangamon, 8.5 percent in Woodford Counties

In the nine-county Chicago Metropolitan Statistical Area (MSA), sales of existing homes and condos totaled 6,090 in December, up 11.7 percent from 5,453 homes sold in November and up 17.0 percent from 5,204 homes sold in December of 2010.

The median sales price for a home in the Chicago MSA was $145,000 in December, down 3.3 percent from a median price of $150,000 in November and down 13.6 percent compared to December of last year when the median sales price was $167,850.

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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