Is Palatine IL running the risk of a burst in the "housing bubble"?
First off I would say there isn't a true housing bubble as that would mean that nationwide there would need to be a drastic price reduction across the whole US housing market. This will not happen as housing is a local market and not al areas have had the huge runup in prices. Some cities might be in trouble, but not in the Chicagoland area.
The Chicago Metro area is still one of the most affordable major metro housing markets in the United States. Chicago metro area is also expected to have a strong job growth that will bring more workers to the area that will need housing over the next decade.
For an interesting read about the "housing bubble" in many of the US's major markets take a look at NAR's research.
Written by Ken Smith or the Suburban House Hunters Team
Monday, December 26, 2005
Thursday, September 08, 2005
NAR Relief Fund
NAR (National Association of REALTORS) has a fund to help the victims of Hurricane Katrina. On top of covering all admin costs the NAR has also kick started the fund with $1,000,000. Please read the below qoute from NAR's site:
"All administrative costs of the project will be absorbed by NAR; 100 percent of all donations will go directly to aid the victims. Contributions can be made online through the following secure site powered by NAR’s e-commerce system: https://www.realtor.org/relief. Contributions are tax deductible. To make contributions by mail, checks should be made payable to the REALTORS® Relief Foundation and sent to: REALTORS® Relief Foundation, Attn: NAR Finance Division, 430 N. Michigan Ave., Chicago IL 60611."
Thank you for your support!
"All administrative costs of the project will be absorbed by NAR; 100 percent of all donations will go directly to aid the victims. Contributions can be made online through the following secure site powered by NAR’s e-commerce system: https://www.realtor.org/relief. Contributions are tax deductible. To make contributions by mail, checks should be made payable to the REALTORS® Relief Foundation and sent to: REALTORS® Relief Foundation, Attn: NAR Finance Division, 430 N. Michigan Ave., Chicago IL 60611."
Thank you for your support!
Monday, August 15, 2005
Free Credit Report
Once every 12 months consumers can receive from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion a free copy of their credit report. This report will show all open credit lines, paid lines from the last 7 years, negative items (Will be posting on how to dispute these items later), any time that your credit has been pulled in the last 12 months, and your personal information.
It is very important that consumers review their credit report every year to make sure that there aren't any errors. Most reports have at least one error on it, this may be minor like a incorrect address or it could be major like a credit card that isn't yours with missed payments. Take the time to order your free report today at this site (free credit reports).
Remember these reports are what creditors use to decide how high or low your interest rate will be and now insurance companies are using it as a factor for your insurance rates.
It is very important that consumers review their credit report every year to make sure that there aren't any errors. Most reports have at least one error on it, this may be minor like a incorrect address or it could be major like a credit card that isn't yours with missed payments. Take the time to order your free report today at this site (free credit reports).
Remember these reports are what creditors use to decide how high or low your interest rate will be and now insurance companies are using it as a factor for your insurance rates.
Thursday, August 11, 2005
Keller Williams
Keller Williams Team Realty is moving their office to Palatine. The new office will be located in the Harris Bank building on Northwest Highway. Keller Williams will have one of the largest offices in all of Palatine taking up an entire floor of the building.
The Suburban House Hunters Team is part of Keller Williams and is one of Chicagolands top real estate teams. We are excited about our move as it will allow us to better serve our Palatine customers. The new office will be be high tech and more important allow our team to continue to offer our high touch service that we are known for.
The Suburban House Hunters Team is part of Keller Williams and is one of Chicagolands top real estate teams. We are excited about our move as it will allow us to better serve our Palatine customers. The new office will be be high tech and more important allow our team to continue to offer our high touch service that we are known for.
Thursday, March 03, 2005
03/03/05 Palatine Real Estate Update
Palatine real estate market update for 03/03/05.
There are currently 178 single family homes listed on the MLS with a price range of $223,900 up to $1,999,000. Of the 178 homes currently listed 68 of them are currently under contract. This leaves 110 single family homes available in all of Palatine.
Attached homes are either condos, townhomes, or coach homes. There are 407 attached homes on the market with a price range of $89,000 for a 1 bedroom condo up to $566,620 for a luxury 2 bedroom 2 bath penthouse condo. 127 of these listed homes are under contract as of today and that leaves 280 attached homes that are available.
These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.
There are currently 178 single family homes listed on the MLS with a price range of $223,900 up to $1,999,000. Of the 178 homes currently listed 68 of them are currently under contract. This leaves 110 single family homes available in all of Palatine.
Attached homes are either condos, townhomes, or coach homes. There are 407 attached homes on the market with a price range of $89,000 for a 1 bedroom condo up to $566,620 for a luxury 2 bedroom 2 bath penthouse condo. 127 of these listed homes are under contract as of today and that leaves 280 attached homes that are available.
These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.
Monday, February 07, 2005
02/07/05 Palatine Market Update
Palatine real estate market update for 02/07/05.
There are currently 167 single family homes listed on the MLS with a price range of $179,900 up to $2,100,000. Of the 167 homes currently listed 48 of them are currently under contract. This leaves 119 single family homes available in all of Palatine.
Attached homes are either condos, townhomes, or coach homes. There are 387 attached homes on the market with a price range of $72,000 for a 1 bedroom condo up to $549,900 for a luxury 3 bedroom 3 and 1/2 bath townhome. 119 of these listed homes are under contract as of today and that leaves 268 attached homes that are available.
These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.
There are currently 167 single family homes listed on the MLS with a price range of $179,900 up to $2,100,000. Of the 167 homes currently listed 48 of them are currently under contract. This leaves 119 single family homes available in all of Palatine.
Attached homes are either condos, townhomes, or coach homes. There are 387 attached homes on the market with a price range of $72,000 for a 1 bedroom condo up to $549,900 for a luxury 3 bedroom 3 and 1/2 bath townhome. 119 of these listed homes are under contract as of today and that leaves 268 attached homes that are available.
These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.
Tuesday, February 01, 2005
02/01/05 Market Update
Palatine real estate market update for 02/01/05.
There are currently 165 single family homes listed on the MLS with a price range of $223,900 up to $2,100,000. Of the 165 homes currently listed 46 of them are currently under contract. This leaves 119 single family homes available in all of Palatine.
Attached homes are either condos, townhomes, or coach homes. There are 375 attached homes on the market with a price range of $72,000 for a 1 bedroom condo up to $549,900 for a luxury 3 bedroom 3 and 1/2 bath townhome. 106 of these listed homes are under contract as of today and that leaves 266 attached homes that are available.
These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.
There are currently 165 single family homes listed on the MLS with a price range of $223,900 up to $2,100,000. Of the 165 homes currently listed 46 of them are currently under contract. This leaves 119 single family homes available in all of Palatine.
Attached homes are either condos, townhomes, or coach homes. There are 375 attached homes on the market with a price range of $72,000 for a 1 bedroom condo up to $549,900 for a luxury 3 bedroom 3 and 1/2 bath townhome. 106 of these listed homes are under contract as of today and that leaves 266 attached homes that are available.
These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.
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