Tag Archives: Oak Park Real Estate
2010 Average Real Estate Sales Price Up in Oak Park
Posted by in Market Reports, News, Oak Park
Tagged Home Sales, Market Reports, Oak Park Market Data, Oak Park Real Estate
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For the first time since 2007, the average sale price for single-family homes increased in 2010. Before we declare the housing slump over, we do need to acknowledge that Continue reading
2011 – The Year Real Estate Returns to Normal??
Posted by in News
Tagged Oak Park Real Estate, River Forest Real Estate, Riverside Real Estate
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This is the year that normalcy returns to real estate. People will buy and sell based on the desire for a better life for themselves and their families. They will realize that is the true value of homeownership and they will be willing to pay for that value. Continue reading
Attention Sellers: Welcome to the Spring Market |
The bottom line is that although the Spring may seem far away it will be here much faster than you think. In most years I usually say that the unofficial start of the Spring Real Estate market is basically Valentine’s Day (mid February). With all of the uncertainty of how things will play out, I am recommending that serious sellers have their homes on the market in mid-January.
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What is good for the economy is not always good for mortgage rates. According to Charles Jones, Mortgage Consultant with Baird & Warner Financial, “Mortgage Bonds are trading sharply lower on news that our present income rates… will now be extended for an additional two years.” The price of Mortgage Bonds moves inversely to mortgage rates.
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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
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
Welcome to The OPRF Real Estate Blog
Posted by in News, Welcome
Tagged Add new tag, Forest Park Real Estate, Oak Park Real Estate, real estate, River Forest Real Estate, Welcome
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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