April 22nd, 2008 the Office of Federal Housing Enterprise Oversight (OFHEO) issued a news release saying U.S. monthly house price index estimates 0.6 percent price increase between January and February. The East North Central region which includes Illinois had a 1.6% price increase 2nd only to the New England region with 2.2%
It's A Buyer's Market, But Only If You Buy !!! Don't let 2008 be the year you wish you bought real estate. With lower interest rates and plenty of properties to choose from, now may be the righr time to purchase real estate. Many people who wish to "wait until next year when prices are lower" may find prices lower or prices may be higher. Trying to time the market is that it requires a rising market to know where the bottom was. The truth is none of the experts can accurately predict the real estate market any better than the experts can accurately predict the stock market. Purchasing real estate maybe the most important single investment you will make in your lifetime. Whether it be a home for you and your family or an investment to help build financial independence. We all have to make decisions based on what is right for us and our family, not just making a decision based soley on the current market conditions. Will 2008 be the year you wish you had bought real estate. "If I could have only one kind of investment, it would be real estate." Donald Trump. For investment real estate see: www.ira2buyrealestate.com
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Ken D'Alessandro, CCIM
RE/MAX Central
630-539-4100
Fax: 630-213-2825