February 2012

Found 2 blog entries for February 2012.

The table below shows the difference between the sale of Homer Glen homes in 2011 vs. 2010.

# of Homes Sold % Change Average Sale Price % Change
2011 2010   2011 2010  
139 128 8.6% $317,170 $336,531 -5.8%

Like many surrounding suburbs, the amount of sales went up in 2011 compared to 2010. There was an 8.6% increase in single family Homer Glen homes sold.

Similar to many other towns, Homer Glen showed a 5.8% decrease in average sales price. Some areas are showing double digit decreases so it could be worse, but prices are still dropping.

This means that if you're a buying in Homer Glen this is a great time to make that purchase with current low interest rates and low

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united states mapI rarely give out links to other websites as I usually present local real estate statistics and things that I can write a full blog post on my own without outlinking to other sources. But I happened to find an interesting article with a map showing negative home equity in all 50 states.

Since I own an Orland Park home (a Homer Glen home with an Orland Park address) plus own a 2nd home in Scottsdale, AZ, it was interesting to see how those states stacked up. When you link to the map, you'll notice that Illinois has 21-30% of negative equity mortgages. This means that 21-30% of Illinois home owners that have a mortgage owe more than what their home is currently worth.

In Arizona, that figure jumps to 41% and up, which was not surprising. That was the

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