Our Chicago home search has undergone a number of major improvements. Usability and performance have been greatly improved. A couple new features definitely highlight what is going on in the current marketplace.
Price Adjustments
Price drops are all too common in today’s marketplace. The first feature gives you the ability to search for properties by percentage of price drop within a defined number of days.
Foreclosures
The second is based on a recent MLS change that requires pre-foreclosures (short sales) or foreclosures to be identified in the MLS. As a result, you can now search for either situation.
The number of new features and improvements is too lengthy to cover completly but I encourage you to try out the new and improved search.
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It seems that is starting to pick up all around.
The money coming into the markets from the fed and the available jumbo’s are helping.
I also heard there is lot of foreign investors hitting Chicago now.
It is a combination of a few things.
1. NYC is very high in price. It had a major run up and was the last to peak.
2. The Dollar is still low.
3. Treasury yields are low.
4. Stocks were under pressure and most ran away.
5. All income issues are either very risky with high yields or very low yields with less risk.
However, even low risk has become questionable.
6. Real estate may go lower but won’t disappear as paper assets may.
7. Florida and the other hard hit areas, Southern California, Nevada and so on are rock in and rolling in volume increases.
8. We the U.S. is still the safest place on earth!
Real estate, with all the capital that has been coming in is in for a big turn around.
I have been blogging it for 3 months or more that this is the bottom!
Richard