Tuesday, December 22, 2009

Crain's: November 2009 Chicago area home sales up 72%

That's almost 100% better!

Read the Crain's story here...We here at T-CREL blame a stabilizing economy, low interest rates, lower asking prices and the federal first time buyers credit rush. Congress punked a lot of us by having the original deadline for the tax credit on November 30th... then extended to April 30th. I suspect we'll have a earlier rush in 2010 and it will taper a little bit heading to the new deadline if interest rates go up. If rates stay low, under 6%, we'll probably see a 30% plus increase in April 2010 over April 2009.

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