*While inflation remained low, stronger than expected economic data released this week was negative for mortgage markets. As a result, mortgage rates ended the week a little higher.
**The big news in this week's economic data came from the housing sector. March Existing Home Sales rose 7% from February, and existing home sales were 16% higher than one year ago.
The chief economist of the National Association of Realtors (NAR) credited the homebuyer tax credit for the strong March housing data. Buyers must sign a contract by April 30 to take advantage of the tax credit, so the April data should benefit as well.
***A popular measure of business investment rose at the fastest rate in 9 months.
****First-time buyers accounted for 44% of existing home sales in March.
Friday, April 23, 2010
Friday, April 9, 2010
Northwest Indiana Real Estate Update
Northwest Indiana
What's Happening in the local Real estate market?
2010 has not produced the busy real estate market we were expecting, even in Indiana.
Sales were up from 2009, but below expectations.
Inventory is higher this year than last.
The 1st time home buyer & existing homeowner tax rebates end April 30th.
It will be interesting to see what effect this has on sales.
Sold & Closed Detached Properties
Town ---------------2009 - 2010 (Jan 1-April 8th)
Munster -------------26 - 32
Dyer ------------------14 - 20
Schererville----------24 - 25
St. John---------------16 - 18
Highland -------------31 - 36
So Hammond--------46 - 55
Sales were up on average 17%.
Sold & Closed Attached Properties, Townhomes, Condos, etc
Town ----------------2009 - 2010 (Jan 1-April 8th)
Munster ------------4 - 13
Dyer -----------------9 - 10
Schererville --------14 - 19
St. John -------------8 - 6
Highland -----------11 - 8
So Hammond ------1 - 0
Sales were up on average 20%.
Cathy & Jim are licensed in Illinois & Indiana for your convenience, and belong to both Multiple Listing Services, Illinois & Indiana.
What's Happening in the local Real estate market?
2010 has not produced the busy real estate market we were expecting, even in Indiana.
Sales were up from 2009, but below expectations.
Inventory is higher this year than last.
The 1st time home buyer & existing homeowner tax rebates end April 30th.
It will be interesting to see what effect this has on sales.
Sold & Closed Detached Properties
Town ---------------2009 - 2010 (Jan 1-April 8th)
Munster -------------26 - 32
Dyer ------------------14 - 20
Schererville----------24 - 25
St. John---------------16 - 18
Highland -------------31 - 36
So Hammond--------46 - 55
Sales were up on average 17%.
Sold & Closed Attached Properties, Townhomes, Condos, etc
Town ----------------2009 - 2010 (Jan 1-April 8th)
Munster ------------4 - 13
Dyer -----------------9 - 10
Schererville --------14 - 19
St. John -------------8 - 6
Highland -----------11 - 8
So Hammond ------1 - 0
Sales were up on average 20%.
Cathy & Jim are licensed in Illinois & Indiana for your convenience, and belong to both Multiple Listing Services, Illinois & Indiana.
Market Summary Illinois
Illinois South Suburbs
What's Happening in the local Real estate market?
2010 has not produced the busy real estate market we were expecting.
Sales were up from 2009, but below expectations.
The 1st time home buyer & existing homeowner tax rebates end April 30th.
It will be interesting to see what effect this has on sales.
Sold & Closed Detached Properties
Town--------- 2009 - 2010 (Jan 1-April 8th)
Lansing ----------- 34 - 46
South Holland--- 47 - 58
Calumet City------72 - 73
Lynwood----------- 4 - 14
Crete--------------- 31 - 25
Thornton------------ 6 - 4
Beecher-------------- 9 - 9
Sales are up approx 12% in these south suburb towns.
The number of foreclosures remains extremely high.
Sold & Closed Attached Properties (Condos, Townhomes, etc)
Town--------- 2009 - 2010 (Jan 1-April 8th)
Lansing----------- 3 - 10
South Holland--- 0 - 0
Calumet City----- 4 - 7
Lynwood---------- 1 - 2
Crete--------------- 1 - 1
Thornton--------- 0 - 0
Beecher----------- 2 - 2
Most sales here are foreclosures.
If we missed your Town, send us an Email and we will quickly send it to you.
What's Happening in the local Real estate market?
2010 has not produced the busy real estate market we were expecting.
Sales were up from 2009, but below expectations.
The 1st time home buyer & existing homeowner tax rebates end April 30th.
It will be interesting to see what effect this has on sales.
Sold & Closed Detached Properties
Town--------- 2009 - 2010 (Jan 1-April 8th)
Lansing ----------- 34 - 46
South Holland--- 47 - 58
Calumet City------72 - 73
Lynwood----------- 4 - 14
Crete--------------- 31 - 25
Thornton------------ 6 - 4
Beecher-------------- 9 - 9
Sales are up approx 12% in these south suburb towns.
The number of foreclosures remains extremely high.
Sold & Closed Attached Properties (Condos, Townhomes, etc)
Town--------- 2009 - 2010 (Jan 1-April 8th)
Lansing----------- 3 - 10
South Holland--- 0 - 0
Calumet City----- 4 - 7
Lynwood---------- 1 - 2
Crete--------------- 1 - 1
Thornton--------- 0 - 0
Beecher----------- 2 - 2
Most sales here are foreclosures.
If we missed your Town, send us an Email and we will quickly send it to you.
3 Home Video Tours
10553 Oakridge ct, St. John, In
Beautiful Brick Ranch with large 3 car garage. This Home Shows Like New! Glimmering Hardwood flooring in Foyer, Dining room & hallways. Attractive blend of Carpet & Ceramic tile. 2 sided fireplace from Kitchen to Great room. Huge master bedroom suite w/ walk in closet, whirlpool tub, double sink vanity & separate shower.
http://www.youtube.com/watch?v=XeaLFU6sB8M
1807-183rd St, Lansing
Over 4500 Sq Ft of Finished Living on 3 Levels!
Luxurious Brick 2 Story. Countless amenities. Vaulted & Tray ceilings. Grand entrance with Oak staircase and Hardwood floor. Beautiful blend of Hardwood & Ceramic flooring. Solid Oak doors & trim. Kitchen has Oak Cabinets, desk area, Granite counters & a Large eating area with Vaulted ceiling & Plant shelf with a picturesque View of the yard. Stove, refrigerator, Dishwasher & Microwave included. Luxury master bedroom suite w/ balcony, tray ceiling, fabulous Jacuzzi tub, separate Shower, double sink vanity, toilet, bidet & walk in closet. Main level Family room w/ Brick Fireplace which has a fan to distribute the heat throughout the room. Formal Dining room w/ attractive mirrored wall. Finished Basement w/ Fireplace in the 2nd Family room, PLUS an Office or 5th bedroom. There is also a full bath. Could be used for related living because there are 2 sets of stairs... one to the main level and one to the exterior. 2 Balconies off the bedrooms w/ French Doors. Main level laundry room w/ Washer & Dryer Included. 3.5 car heated garage w/ running water & floor drain. Large Deck w/ hot tub. Heated Inground pool w/ Poolhouse & full bath.
http://www.youtube.com/watch?v=9Jlb7EZsuh4
18616 Sherman, Lansing
This Ranch home is Gorgeous. Updated beautifully top to bottom. Attractive hardwood & laminate flooring. Dream Kitchen w/ Island, new cabinets & counters & new SS Stove, refrig, DW & MW . Large Dining area. Double sink vanity & new tub enclosure in main bath. Finished bsmt w/ Family rm, Game area & 4th bdrm. All new fixtures, windows, doors & flooring throughout. 2.5 car garage. Fenced yard. Classic front porch.
http://www.youtube.com/watch?v=JjfV_2lOBMM
Beautiful Brick Ranch with large 3 car garage. This Home Shows Like New! Glimmering Hardwood flooring in Foyer, Dining room & hallways. Attractive blend of Carpet & Ceramic tile. 2 sided fireplace from Kitchen to Great room. Huge master bedroom suite w/ walk in closet, whirlpool tub, double sink vanity & separate shower.
http://www.youtube.com/watch?v=XeaLFU6sB8M
1807-183rd St, Lansing
Over 4500 Sq Ft of Finished Living on 3 Levels!
Luxurious Brick 2 Story. Countless amenities. Vaulted & Tray ceilings. Grand entrance with Oak staircase and Hardwood floor. Beautiful blend of Hardwood & Ceramic flooring. Solid Oak doors & trim. Kitchen has Oak Cabinets, desk area, Granite counters & a Large eating area with Vaulted ceiling & Plant shelf with a picturesque View of the yard. Stove, refrigerator, Dishwasher & Microwave included. Luxury master bedroom suite w/ balcony, tray ceiling, fabulous Jacuzzi tub, separate Shower, double sink vanity, toilet, bidet & walk in closet. Main level Family room w/ Brick Fireplace which has a fan to distribute the heat throughout the room. Formal Dining room w/ attractive mirrored wall. Finished Basement w/ Fireplace in the 2nd Family room, PLUS an Office or 5th bedroom. There is also a full bath. Could be used for related living because there are 2 sets of stairs... one to the main level and one to the exterior. 2 Balconies off the bedrooms w/ French Doors. Main level laundry room w/ Washer & Dryer Included. 3.5 car heated garage w/ running water & floor drain. Large Deck w/ hot tub. Heated Inground pool w/ Poolhouse & full bath.
http://www.youtube.com/watch?v=9Jlb7EZsuh4
18616 Sherman, Lansing
This Ranch home is Gorgeous. Updated beautifully top to bottom. Attractive hardwood & laminate flooring. Dream Kitchen w/ Island, new cabinets & counters & new SS Stove, refrig, DW & MW . Large Dining area. Double sink vanity & new tub enclosure in main bath. Finished bsmt w/ Family rm, Game area & 4th bdrm. All new fixtures, windows, doors & flooring throughout. 2.5 car garage. Fenced yard. Classic front porch.
http://www.youtube.com/watch?v=JjfV_2lOBMM
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