Mar
27
Home Foreclosure Rules Illinois
Filed Under Foreclosure
[mage lang="en|es|en" source="flickr"]home foreclosure rules illinois[/mage]
August Slump for Springfield Illinois Home Sales
In short, it stank in August for the local housing market in Springfield Illinois. Closed home sales 17.5% by 73. Sale pending to 17.1% in 76. The median sales price fell 1.7% in 2000 dollars. The average sales price down 2.6% at $ 3,493.
In the first eight months of 2008 closed sales have dropped 14.1% to 409. A month was up, a couple and six of the eight-month sales fell.
For the year sales were up 13.6% on 490. The average selling price has been reduced to dead even with 2007. Average selling price is 3.8% in 4744 dollars.
The inventory of homes listed for sale continues to operate at record levels of 1970 currently available. That represents a 6.4 months supply of homes for sale at the current sales pace.
There you have it, simple, no sugar coating. This is the slower housing market for sale a home in Springfield Illinois market since 2001, after four years on record sales.
What if you should sell your home? It is best to make your task, the recruitment of an experienced agent who has proven marketing systems, and one who is honest with you about prices. The fight inexperienced agent with prices, the agent needs a list will tell you what they want to hear, and 99% of the agents do not know enough to recommend a pricing plan.
The houses have a better price for their condition, location and services will sell. The others will have to wait until 2009. Of course there are exceptions to the rule, there will be a few sellers luck at home, who reminds me of what car dealers say, there is a cap for each seat.
With falling consumer confidence due to high prices, especially at the gas station, grocery store and certainly does not help when the media continues to poison the well.
Thank God only 25% of people who get their news from print media. The business section of today (6/9/1908) State Journal Register would you think it's 1929, people jumping off the shelves!
Here is what I mean: principal owner, foreclosures big and bold, "not contained". Read the story. You will find history includes people who are behind on their payments grouped with actual executions.
What a crock. And they wonder why publishers newspapers are an endangered species? Slanted reporting with an agenda is not what people want to read. What happened to objective journalism?
Oh there's more, the second major title, "The unemployment rate rises to 6.1%, unemployment hits five years" high. The truth is, however nowhere reads: "after five years of record low unemployment," or "unemployment to less than half of other countries." Purpose-driven reporting maybe?
Oh, there's more, the article with the head small side bold, but small, "The price of oil falls to $ 106.23." Read the article. The lowest price since April. This is good news media. Why the economy struggled? The march back in consumer spending due to families who pay higher taxes cruel gas, energy and food prices.
N where you read about falling interest rates. With a number record homes for sale, housing prices downward, and falling interest rates, now is a good time to be a buyer of goods Springfield Illinois real.
If the local newspaper had an inkling of desire to help the economy to the main story should have been "falling gas prices and rates interest is good news for consumers. "
The economy will recover when people can keep more of their hard earned money to invest something besides filling their cars with gas, pay through the nose at the supermarket checkout, pay the electric bill, and the next to come natural gas bill. Who can blame the families to pull back? Some can not afford to buy anything else, while those who can afford it, do not. news exacerbate negative perception biased stories all bad.
SJR So congratulations, in my opinion you are part of the problem, no doubt part of any solution to a slowing economy. The September 6 edition is proof positive.
If the Journal Register State is doing everything possible to create a negative psychology in the economy, then they will be contributing to your own death! Adios print media.
This is a shame. I like reading the paper with my morning coffee. At least when there is objective journalism.
About the Author
Fritz Pfister is a licensed Realtor with RE/MAX Professionals Springfield Illinois.
Fritz is a leader in the local real estate market and hosts a live one hour radio program, now in its’ 13th year.
Fritz’s website is
SpringfieldHome.com
Fritz hosts home buyer and home seller seminars. Fritz leads the local market with over 1100 closed sales since 2000.
[affmage source="amazon" results="3"]home foreclosure rules illinois[/affmage]
[affmage source="clickbank" results="3"]home foreclosure rules illinois[/affmage]
