Tuesday, August 16, 2022

This is True


 

Interesting Piece from History

 Mortars are large, cannon-like guns that can fire enormous shells at great distances. In the final years of the Civil War, Union forces were trying to take Petersburg, Virginia, near the Confederate capital. 

When General Ulysses S. Grant failed to take Petersburg directly, he put the city under a long and grueling siege. He also subjected the city to continuous artillery fire.

 In this photo, we see Union soldiers standing on a bridge in Petersburg manning a giant mortar that they named “Dictator”. 


The largest mortar in the Union arsenal, the Dictator had a 13-inch bore and weighed over 17,000 pounds. It was too heavy to be used on the battlefield, and so it was best suited for defensive fortification  and for use in sieges. 


Each time it was fired, it used 20 pounds of gunpowder to fire a 218-pound shell up to 2.5 Miles. 

Compare this weapons technology of 160 years ago with the high tech military that we have today. Amazing!

Sunday, August 14, 2022

Market Snapshot

 


Closed Listings are down in 2022 vs 2021.

1. Inventory remains low.

2.  Prices have stabilized.

3. Demand is lower.

4. Multiple Contracts still happen, but not like earlier in the year.

5. Home Sellers will still be happy with their selling price because Appraisers are still generous.

Thursday, June 30, 2022

Illinois New Listings Down from 2021


 

Market Update

  • Homes are still selling fast. 
  • The Market is not as hot as it was in the Spring.
  • There are less buyers due to Interest rates. 
  • Homes that look the best and are in better condition sell much faster and for TOP DOLLAR!
  • Yes, it is still a Sellers Market.
  • Covid has had very little impact to this current market.
  • Monkeypox has had no effect.
  • High Gas prices has had little affect on home viewings.
  • Homes delivering Lake Michigan Water are more preferred than homes that offer municipal well water.

5 States with the Largest Population Growth


 Not a big surprise here. Funny how most people seems to be heading South away from the snow.