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November 2014

 
 
MARKET UPDATE
 

3000 More Homes for Sale in September

A flurry of autumn listings has hit the market in the Chicago area, signaling optimism in the real estate market. Chicago Tribune reports that 16,000 houses, townhouses and condominiums were available for sale in the Chicago area in September, which is 2,000 more than in September 2013 and 3,000 more in September 2012 according to Midwest Real Estate Data. 

 

Home Equity Soars: Now Above 2009 Levels

Home equity lines of credit have increased 20 percent in comparison to a year ago and are at the highest levels since June 2009 according RealtyTrac’s Home Equity Line of Credit Trends Report. Nearly 19 percent of all home owners have regained at least 50 percent equity in their homes and the percentage of home owners with severe negative equity has fallen from 29 percent in 2012 to 17 percent. Nationwide, 49 out of 50 metro areas posted year-over-year increases for the year ending June 2014. 

 

A Healthier and Faster Real Estate Market

The number of distressed properties locally and market times of listings both continue to drop. Prices also continue to rise at a more moderately paced rate. As mortgage rates maintain levels at a historical low, and local unemployment levels decrease, momentum in the real estate marketplace is growing in the fourth quarter of 2014.

Good to Know
 

Energy Saving Tips for your Home

As temperatures cool in the fall and winter months, energy.gov has compiled a list of helpful tips to save energy within your home, and the tips are inexpensive too! Some of these helpful hints include covering drafty windows, adjusting the temperature within your home appropriately, and finding and sealing air leaks. To find out further details about these tips as well as other ways to conserve energy, please click here.

Seasonal Table Settings for Thanksgiving 

Hosting a meal at your house for Thanksgiving this year? HGTV.com offers fun entertainment ideas without the frills, with everything from a hot apple cider drink to turkey garnishes. To see HGTV’s suggestions, please click here.

 
Home Search Essentials
 

Community Profiles

Get to know the many unique communities throughout the Chicago area, Southeastern Wisconsin and Harbor Country Michigan.

 
See for Yourself
 

Open Houses

Take a peek at homes you can tour this weekend. 

 
Michael Pierson
Berkshire Hathaway HomeServices KoenigRubloff Realty Group
mpierson@bhhschicago.com
866.795.1010
KoenigRubloff.com
 
 
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