Author Archives: John Plepel
Is this the best to Buy AND Sell? |
Perhaps for the first time in American real estate history, you must buy now and you must sell now. How can this be? Because what is important to the buyer is different than what is important to the seller. Let us explain.
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Mortgage Update 10/22/2010
Posted by in Mortgage Rates, News
Tagged Add new tag, interest rates, Mortgage Rates, Oak Park Real Estate, River Forest Real Estate
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Conventional 30-year fixed rate mortgages are currently at 4.125% (4.158% APR). 5-year ARMs have a current rate of 3.0% (2.4% APR). Continue reading
New legislation went into effect last week to help homeowners that are “upside down” with their mortgage avoid foreclosure. The Home Affordable Foreclosure Alternatives Program (a.k.a HAFA) gives participating banks specific guidelines, including timelines, for processing “short sale” transactions. Continue reading
1st Quarter 2010 Housing Data – River Forest |
The number of single-family homes that sold in River Forest during the first quarter of 2010 (18) increased by 50% over the first quarter of 2009. However, the average sales price of $581,166 was a 28.5% lower than Q1 of 2009 ($763,000). Continue reading
The number of single-family homes that sold in Oak Park during the first quarter of 2010 (42) was slighlty higher the first quarter from 2009. Further, the average sales price $407,249 was 8.1% higher than Q1 of 2009. Continue reading
Extention of First Time Home Buyer Tax Credit and Expansion of Stimulus to Current Homeowners |
The soon-to-expire $8,000 First Time Home Buyer Stimulus Program has been extended until April 30th, 2010. Further, there is a provision to that will allow many current homeowners to take advantage of the economic stimulus. Continue reading
First Time Homeowner Stimulus Extention |
The senate is reportedly close to an agreement that would extend the tax credit program. Additionally, the article says the new bill will also include a tax credit for current homeowners who purchase a new home. Continue reading
4th Quarter 2008 Oak Park Market Report |
Here is the real estate market report for the 4th Quarter 2008 – Oak Park. I have also included a Year-End Insert Page. Let us know what you think.2008 Q4 Oak Park Market Report 2008 Oak Park Market Report – … Continue reading