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Monthly Archives: July 2012

Daily Morning Roundup – July 19, 2012

Here are some of the top real estate posts on the social networking sites this morning:

Survey Shows Americans Are Increasingly Confident About Homeownership – http://t.co/X8btcC7t

Illinois June home sales up 18% from a year ago; median prices post year-over-year increases – http://t.co/CvFWzCPf

Low low low 30-yr fixed-rate mortgage avg 3.53%; 15-yr avg 2.83%. Tables: http://t.co/umgfqBgE

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Daily Morning Roundup – July 18, 2012

Here are some of the top real estate posts on the social networking sites this morning:

Homeownership: The American Dream – http://t.co/rTwun1m4

CB RE and Onboard Informatics provide the National Top 10 Markets for Social Seekers – #3 being . . . http://t.co/kmcNLx9f

Housing Starts Rise at Fastest Pace in Three Years – http://t.co/1wxNzQiR

Check out the MRED Blog – our June 2012 Market Report posted – http://t.co/KgvJYm6r

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June 2012 Monthly Market Report

We’re halfway through 2012, and what a year it’s been. Residential real estate has finally taken some meaningful strides toward recovery, and they’ve all been self-powered without divine (or governmental) intervention. Yes, there have been some head fakes in the past, but there’s real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, several indicators showed improvement. Let’s see what the rest of our local data has to say.

New Listings in Chicagoland were down 0.7 percent for detached homes and 10.0 percent for attached properties. Listings Under Contract increased 52.2 percent for detached homes and 65.4 percent for attached properties.

The Median Sales Price was up 2.4 percent to $194,500 for detached homes but decreased 6.5 percent to $140,175 for attached properties. Months Supply of Inventory decreased 40.9 percent for detached units and 54.8 percent for attached units.

We seem to be at a critical inflection point in our attempts to spur more hiring. Job growth provides the dual benefit of stimulating new household growth as well as relieving distressed homeowners. There’s also the positive feedback loop of housing creating jobs and jobs creating housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid-2013.

Click HERE to see MRED’s Monthly Indicators Report for June 2012

[NOTE: Residential Detached and Attached single family activity only.]

Click HERE to see MRED’s Lender Mediated Report for June 2012

[NOTE: Lender-mediated properties are those marked in MRED as “Foreclosed”, “REO”, “Pre-Foreclosure” or “Short Sale”.  Residential Detached and Attached single family activity only.]

Midwest Real Estate Data LLC

Quoted from http://www.facebook.com/MREDLLC:

Midwest Real Estate Data LLC


IARBuzz: Morning Minute – Homebuilder confidence sees biggest jump in nearly a decade – http://bit.ly/Nu0bhJ

Daily Morning Roundup – July 16, 2012

Here are some of the top real estate posts on the social networking sites this morning:

Are Home Prices About to Rise or Fall?  From The KCM Blog – http://t.co/HI8oPAMB

Interesting Blog – Game Theory and Real Estate Negotiations – http://t.co/1WCZ2JYy

Chicago to Become One of the Nation’s Most Desirable Cities – http://t.co/a8kDlI9I

Interactive charts show changes in home values over a 3-mth period by zip code: http://t.co/DA0afcPz

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Daily Morning Roundup – July 13, 2012

Here are some of the top real estate posts on the social networking sites this morning:

Chase analysts expect home prices to rise 12% by 2016 – http://t.co/wbZMz87Y

10 Best Towns for Families 2012 per Family Circle and Onboard Informatics – Oak Park made the list! http://t.co/tJvO405p

How to Determine Facebook and Twitter ROI – great infographic – http://t.co/kCTJU5NS

Top 10 issues affecting real estate, many of which are interrelated – http://t.co/HHoPmuZc

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