With consumer credit hitting record lows, new mortgages on the rise and mortgage rates falling, and a better than expected employment picture, the economy is looking better every day. And, the real estate market in Chicago is picking up after a few slow months (ok, maybe four or five slow months).
As a real-estate consultant, the biggest threats to a healthy housing market are over extended bank accounts, uncertainty in the employment market and higher interest rates. Fortunately, all seem to be looking up. Take a look at the attached: Consumer Credit Hits 14 Year Low.
Best of all for buyers is that the volume of real-estates loans is up and mortgage rates are down. View current rates.
Finally, it is always good to see employment and real wages holding strong. See: Better than expected numbers to be released on Friday.
Should be a good season for the retailers, too, during this holiday
season. Do your part for the economy and shop early and often.
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