Move UP to Naperville Blog #2

If you saw a listing that limited your commission by specifically requiring you to:1) show the property2) attend the inspection3) attend the final walk-thru4) attend the closingWhat would you make of this?Our MLS of Northern Illinois has concluded that this violates NAR rules (which it does) and ...

Snow falling softly...and more snow and yet more snow! So far, February has been one of the snowiest and greyish on record. According to one of our local weather people, we've had only 11 minutes of sun this month! There's been snow almost every day and there was so much that Ms. Groundhog couldn...

Here's a memo, from the Mortgage Guaranty Insurance Company,  February 6, 2008 Dear Valued Customer: As a result of our ongoing evaluation of market conditions and loan performance, we are making a number of changes to our base underwriting guidelines and have created a new set of guidelines for ...

This winter has been one of the snowiest in our records.I exercise daily by shoveling the driveway. This morning's snow started as sleet and froze. Then heavy wet snow fell on top of that. Ugh. Cold too. I learned many years ago to shovel this type of snow very carefully. Because it's so wet, it'...

Moving company Allied Van Lines Inc., along with its corporate parent Sirva Inc., filed for bankruptcy protection Tuesday, the latest victim of a heavy debt load and the downturn in the U.S. housing industry.The company, which is based in Westmont, Ill., (which is really near Naperville), althoug...

Every season comes to an end. Winter will end. And, Spring will come. The number of foreclosures will increase for the next few months; inventory will increase for the next few months and all statistics that we're getting will show just how terrible the real estate market has been. RealtyTrac jus...

With mortgage rates down (in our area around 5.5%) folks with adjustable mortgages will try to refinance. Especially if they expect their rate to re-adjust up.However, here's a warning. If you have your house on the market for sale, you probably will not be able to refinance.  If you had your hou...

What's today's date? January 27, 2008. Correct?So, why am I not excited to get this email today?You showed my listing at xxxxxxxx No Name St., Plainfield on 8/9/2006.I have recently reduced the price on this listing from $550,000 to $549,500 and thought you may want to bring your buyers back for ...

    Naperville Single Family Jan 2007 Jan 2008  # of Actives 948 947 3 Bedrooms 157 196 4 Bedrooms 654 589 5+ Bedrooms 121 143  Market Time   3 Bedrooms 158 161 4 Bedrooms 204 241 5+ Bedrooms 211 264  Average Prices 3 Bedrooms $428,703 $397,762 4 Bedrooms $735,423 $732,426 5+ Bedrooms $1,166.593 ...

As part of the congressional rebate program to stimulate the economy, FHA will now insure mortgage loans up to $725,000. However, I'm betting that amount will only be good in limited markets such as New York City, Chicago Metro area, San Francisco, San Diego and possibly Miami.Our Naperville area...