PETE CIACCIO - REALTOR

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Real Estate News & Views

Homer Glen, IL. and S/W Chicago suburban real estate news and views.

TURNING A CORNER ?

The real estate market has shown strong signs of stabilization in the Chicagoland suburban area. Many buyers are now getting used to the idea that the sub-prime crises and foreclosure situation it caused is really not a problem for them personally. Unfortunately the news media reports fueled unwarranted speculation that home ownership was out of reach for everyone. Many folks took a wait and see attitude to now find that things really are not that bad at all. Would be buyers are finding that there are some excellent prices out there and a wide range of homes to choose from. They have also discovered that the majority of legitimate lenders are more than willing to make loans to people who qualify. We just may be turning a corner to some welcome stability.

Published Monday, October 29, 2007 10:20 AM by Pete Ciaccio
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