KaleRealty.com : Chicago Real Estate

New Listing at 5N996 Dunham Rd Wayne IL 60184 $650,000

In 1 on 11/25/2009 at 12:07 pm

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A BEAUTIFUL OPEN AND SPACIOUS HOME ON A PRIVATE WOODED LOT PROPERTY FEATURES CATHEDRAL CEILINGS THROUGHOUT. REMODELED MASTER BATHROOM! VERY SPACIOUS LIVINGROOM AND FAMILY ROOM. HARDWOOD FLRS. & CERAMIC TILE IN KITCHEN. LRGE. BRICK PATIO ENCLOSED 3 SEASON ROOM. TRULY A GORGEOUS HOME, MUST SEE TOAPPRECIATE!

http://www.kalerealty.idxco.com/idx/3147/details.php?idxID=004&listingID=07385691

www.kalerealty.com your source for Flat Fee MLS and For Sale By Owner MLS Listings in Wayne IL

Existing home sales at highest level since 2007

In 1 on 11/23/2009 at 10:43 am

NEW YORK (CNNMoney.com) — Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.

The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million units, up from the downwardly revised rate of 5.54 million in September.

The sales beat forecasts of 5.7 million annual units, according to a consensus estimate of analysts compiled by Briefing.com, and were 23.5% above the 4.94 million-unit pace of 12 months ago.

Sales activity is the highest since February 2007, when the annual rate was 6.55 million.

The gain was likely due to an influx of buyers looking to take advantage of an $8,000 tax credit that the Obama administration made available for qualified first-time home buyers, the report said.

The tax credit was scheduled to expire at the end of November, but it has been extended to April 30 and expanded to include more home buyers.

“Many buyers have been rushing to beat the deadline … and similarly robust sales may be occurring in November,” NAR chief economist Lawrence Yun said in a statement.

But such a spike means December and early 2010 will probably see a “measurable decline before another surge in spring and early summer,” Yun said.

The median price of homes sold in October was $173,100, a 7.1% year-over-year drop. Distressed properties comprised 30% of the houses sold during the month.

The sales increase helped reduce some of the supply of homes on the market. Total housing inventory fell 3.7% to 3.57 million existing homes for sale. That’s a 7-month supply, down from an 8-month supply in September.  To top of page

By Julianne Pepitone, CNNMoney.com staff reporter
Last Updated: November 23, 2009: 10:18 AM ET
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New Listing at 5439 Dakin ST, Chicago IL 60641 $399000

In 1 on 11/19/2009 at 12:47 pm

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HUGE CHICAGO BUNGALOW. ONLY 1 BLOCK FOR PORTAGE PARK. COMPLETELY REMODELED. HOUSE HAS NEWER ROOF, FURNACE,A/C, WINDOWS, WALLS, PLUMBING, ELECTRICAL. HARDWOOD FLOOR IN LIVING AND DINING. REDONE KITCHEN W/ NEW TOP, CABINETS, CERAMIC FLOOR & SS APPL. MODERN BATHS. MASTER SUITE W / BATHSITTING AREA AND WALK IN CLOSET. LARGE YARD ON THIS OVERSIZED CHICAGO LOT LEADS TO 2 CAR DETACHED GARAGE!

http://www.kalerealty.idxco.com/idx/3147/details.php?idxID=004&listingID=07381725

www.kalerealty.com your source for Flat Fee MLS and For Sale By Owner MLS Listings in Chicago IL