The Wall Street Journal reported this weekend that home sales are looking down in May. The federal home buyer tax credit expired on April 30th. This is consistent with what I am seeing in the market. I am expecting a big drop in pending home sales for May and June. Disappointed?, yes. Surprised?, no.
Much like [...]
In honor of the 40th anniversary of Earth Day LINDAM Property Group is offering special promotional pricing on the green home (LEED-inspired!) at 250 N Myrtle. The price until 4/22 is $40K off in honor of the 40th anniversary or $748,500.
Buyers and their brokers are invited to tour the home on Sunday, April 18th from [...]
Schiller Real Estate announced today they are joining Koenig & Strey effective immediately. I think it’s a great testament to our community that a well-run chain like Koenig & Strey sees the importance of the Elmhurst market. It also makes me appreciate that much more the special LW Reedy Real Estate focus on Elmhurst families [...]
The first homebuyer tax credit deadline is approaching on April 30th. To encourage buyers to qualify for the credit, the home at 400 S. Washington Street in Elmhurst is now listed for $645,000. The home has everything you need for a fun, active lifestyle in Elmhurst. The home has 4 bedrooms, 3 baths (including new [...]
C’mon…admit it. Your current home is feeling a little cramped, you’re sure you want to stay in award-winning Sandburg school district and you’d buy…if you didn’t have to sell. So why sell? Why not trade-up instead? The seller at 400 S. Washington in Elmhurst will entertain offers that include a trade for your smaller home in Hawthorne or [...]
250 N. Myrtle is staged, with a great new price. The elegant home was carefully designed and finished to provide upscale and healthy living in a home that can actually cut your utility bills! The new price will be $788,500 and details and web updates will appear throughout the week. Besides the trend towards greener [...]
If you’ve ever spent more than a second researching homes in Elmhurst, then you’ve heard of MacDougall. He was a prolific home builder in south Elmhurst in the 50’s and 60’s and his homes are still in big demand today. They have a reputation for being well-built and well-designed. It turns out that my new [...]
Great article in the Chicago Homes section of the Chicago Tribune today about Elmhurst. The article features all the great things about Elmhurst such as our great schools and location, local businesses and events, Elmhurst College, our collection of museums and more. I appreciate that they also focused on something I think makes Elmhurst very [...]
As you know, the spring real estate market came early this year. This is due to the extension of the home buyer credits ($8000 for first-time buyers, $6500 for current home owners through 4/30.*) The tax credit has motivated many sellers to get off the fence and list their homes, so we are seeing nice, [...]
RIS Media is reporting today that the IRS may have inadvertently created a “marriage penalty” on the expanded first-time and move-up buyer tax credits. For unmarried couples, only one buyer has to qualify. For married couples, both spouses have to qualify.
The article includes the full details of the requirements and plans to encourage removal of [...]