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Just the facts..
I encourage you to read (or listen to) the NPR article about the credit markets that is provided in this newsletter. I thought it was great at providing some insight into why the housing market is not improving exponentially.
We are probably in the best period in the last 50 years to purchase a home -- interest rates are amazing and the home values have dropped over 30% in the last 6 years -- and yet qualified buyers are finding roadblocks to getting credit. In fact, during the last few months, I have had superbly qualified buyers finding themselves jumping through hoops to get a mortgage. I tend to believe are we experiencing an over-correction of the credit markets.
So, how is the market?
All indications are that while the trend is in the right direction, we're not out of the woods yet.... |
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The North Shore's Highest Sales in June
Winnetka - 7 Indian Hill Road (new construction)
List - $3,595,000
Sale - $3,400,000 (95%)
Total Days on Market - 341
Winnetka - 199 Sheridan Road
Original List Price - $4,950,000
List - $3,395,000
Sale - $3,210,000 (95%)
Total Days on Market - 346
Days on Market at Final List Price - 3
Lake Forest - 275 Mayflower Road
Original List Price - $5,174,000
List Price - $3,999,999
Sale - $3,200,000 (80%)
Total Days on Market - 210
Days on Market at Final List Price - 16
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Top 10 home improvement myths
 So you have decided to tackle a home improvement project, but like a mosquito buzzing in your ear a question lingers - Are you making the right choices when it comes to investing time and effort into improving your home? It's a valid concern because not all home improvements are created equal. To separate fact from fiction let's take a look at the top 10 home improvement myths... |
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Tips for Your Kitchen Remodel
 Kitchen makeovers remain popular as homeowners continue to invest to create a warm, stylish, comfortable, and efficient heart of the home. In addition to improved aesthetics and organization, kitchen remodels also hold reasonable resale value.
According to Remodeling magazine's 2011-2012 Cost vs. Value Report, midrange minor kitchen remodels...
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