In September, for the fifth straight month, the Pending Home Sales Index hovered near its benchmark value of 100, registering 99.5.
The number of homes under contract in St. Charles, Geneva, Batavia, Wayne and Elburn has increased an amazing 53% since August of 2011. The number of homes sold has increased 16% in August of this year compared to August of last year. The total inventory of homes for sale has dropped over 50% to 6.2 months, [...]
Home resales climbed 2% last month as the housing market continues its measured, steady recovery. The number of previously-occupied homes sold in July was higher by 10% as compared to one year ago. According to the National Association of REALTORS®, Existing Home Sales rose to 4.47 million units in July on a seasonally-adjusted, annualized basis. In the [...]
Foreclosure pipelines are re-filling nationwide and unfortunately, Illinois is among the leaders. According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings dipped below 192,000 in July 2012, a 3 percent decrease from the month prior. But in the top 5 states more than 98,000 homes started the foreclosure process in [...]
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. The vote was nearly unanimous. Only one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008. In its [...]