I wrote last month that I believe we are transitioning into a sellers market, and are at the beginning of a 7-10 year upswing in Real Estate. Well, last week I was fortunate enough to met with Dr. Lawrence Yun, Chief Economist for the National Association of Realtors. Dr. Yun shared a lot of statistical data which supports my position. I will not bore you with detailed statistical analysis, but I do want to share a few key points that will help you when the right time to move is for you.Pending home sales is currently at a 5 year high, and are on track to sell just under 5 million homes in 2013. That number is projected to increase to 5.3M and 5.7M over the next two years. Combine that with new home building at a 50 year low, and pent up buyer demand, and you have yourself a recipe for increased values. In our area, it I expected for home valued to increase 13% by the end of 2014. That’s good news, right?If you actually would like in depth detail on all of Dr. Yun’s analysis, send me an email and I will share a link to his presentation.I hope you find this information helpful. My goal is to provide you with the most up-to-date information available so that you can be as informed as you possibly can.
Author:Brian Kwilosz Phone: 630-701-0397 Dated: January 20th 2014 Views: 515 About Brian: Brian Kwilosz has been a resident of the Chicagoland area for over 20 years. After graduating from G...
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Pre-Listing Inspections Put Sellers in Control Steve Wadlington, pres
"Andy and I wanted to thank you again for a great job! You were so helpful and easy to work with, not to mention so on top of things, it really helped us out and made this process of buying a house go smoothly. Also, thank you so much for the basket full of really useful things and goodies. Thomas loves the ball and truck. I can't think of one thing we have not already used (especially the gift card to Home Depot!). Just wanted you to know that what you did for us, definitely did not go unnoticed