Category Archives: News

New Short Sale Legislation To Help Distressed Homeowners

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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

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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

1st Quarter 2010 Housing Data – Oak Park

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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

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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

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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

“The Process” – Buying A Home

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I am often asked, especially by first time home-buyers, where to start and what to expect out of the home-buying experience. Accordingly, I thought it would be a good idea to write an article regarding “The Process” of purchasing a home. Continue reading

4th Quarter 2008 Oak Park Market Report

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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

For Sale By Owner

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Post your “For Sale By Owner” listings here. Continue reading

Landlords: The Good. The Bad. The Ugly

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Do you rent in the Oak Park area? Have you had a great experience with a landlord and want to recommend him or her to other prospective renters? Have you had a bad experience and want to give a “heads … Continue reading

Welcome to The OPRF Real Estate Blog

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If you have been looking for a place to learn what it is going on with the real estate market in Oak Park, River Forest or Forest Park, you search is over. This site was created by a group of … Continue reading