Home Sales Break Records for March


Posted by Park Ridge Real Estate | Posted in Market Stats | Posted on 24-04-2010

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Home sales in the Midwest were up  nearly 20 percent over last year as buyers continued to utilize the taz credit for new homebuyers and existing homeowners.  The tax credit expires at the end of this month and as of now, we have not heard anything about continuing the credit, but we remain hopeful as it has absolutely driven the real estate market up this year.

This is the ninth month in a row that sales are up from last year’s totals.  The increase in sales has put home sales up 39.9% year-to-date. For lofts/condos, sales are up 73% from last year!!

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I can see the Grass!


Posted by Park Ridge Real Estate | Posted in Tax Credits and Info | Posted on 20-02-2010

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Been a while since we’ve had a chance to see the grass under all the snow.  I’ll take it as Spring is coming!  I don’t know about the rest of us Illinoisans, but this is that time of year that I look forward to the end of winter.  We’ve had a cold winter with plenty of snow, but our neighbors to the East really got hammered this winter. 

Snowfall on trees, Germany.
Image via Wikipedia

As the new season approaches so does the deadline for the homebuyer taxt credit.  Again, if you are even thinking of moving up in price to a new home, now is the time.  Rates are low, prices are still below normal and the tax credit is good even for current homeowners that have lived in their primary residence for the last 5 years. 

Please feel free to call me if you have any questions about the tax credit, real estate in or around Park Ridge or need more info on government programs for distressed properties and homeowners.

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