Monthly Archives: April 2010
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