Now and for the past couple weeks we
have been experiencing a slowdown of our local real estate market. Many buyers
are taking a break from house hunting over these next few holiday weeks to
spend time with friends and family. This isn’t unexpected – in fact
it’s usually the case during this time of the year. What’s going to
be more telling is what happens in the weeks following New Years. Interest
rates have been dropping and there are lots of great deals to be had right now.
The big questions is: why aren’t more buyers
taking the plunge? It could be several factors – fall elections, world
events, even the media perception that the market is a down market – but the
point is, this is perhaps the best time to purchase real estate. The market
being understandably slow for the holidays is no news, but what we’re all
eagerly awaiting is to see how quickly and to what degree it begins to heat up
after January 1st. Many experts are now predicting an extremely hot
spring this year. As inventory balances out, many buyers will finally be
induced to make a purchase. Interest rates are predicted to stay firm if not
fall slightly over the next few months. If this happens, we should see a hot
spring.  

Eric Rogers, Realtor

Century 21 Pro-Team

ph: (630) 346-1041

fax: (630) 897-8774

erogers@c21proteam.com

http://www.illinoislandandhomes.com/