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December 18th, 2020 6:46 PM
Housing market rebound sets stage for 2021

Since bottoming in spring, the housing market has rebounded in such historic proportions that its impact is likely to continue through 2021, according to First American Financial Corporation’s recently released Potential Home Sales Model.

Existing-home sales bounced back in September, hitting a 14-year high after falling to a near-decade low in May. In October, the pattern continued, as the measure of market potential for existing-home sales increased 9% year over year to 5.98 million, nearly 21% higher than its low point in April of this year.

“This is an unprecedented swing in housing market potential in just a few short months,” said First American Chief Economist Mark Fleming in the report. “Analyzing the individual economic forces that have driven the recovery of market potential for existing home sales can provide insight into how the housing market may fare in 2021.” 

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Posted by Michael Hobbs on December 18th, 2020 6:46 PMLeave a Comment

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An image from a drone shows construction progress on an Amazon fulfillment center in Markham, an example of the south suburbs’ growing prominence in distribution and logistics.
An image from a drone shows construction progress on an Amazon fulfillment center in Markham, an example of the south suburbs’ growing prominence in distribution and logistics. (Rick Foy / Markham Media)

A recent report about the value of economic incentives for Amazon highlights wide disparities in taxes and wealth between towns in the south suburbs and other regions. The Better Government Association and public radio station WBEZ-FM tallied the value of tax breaks granted by Markham, Matteson, University Park and other Chicago-area municipalities where the online retailer has recently built or is building 36 facilities.

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Posted by Michael Hobbs on December 17th, 2020 10:28 AMLeave a Comment

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Click here to see more: 1960-2000 Lucent Lane in Naperville and Lincoln Property Company CEO Tim Byrne (Credit: Google Maps)

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October 22nd, 2019 10:42 AM




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Click here to see more:Illustrated pattern of FOR SALE signs with only a few having "SOLD" written across them.

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It is a news that talks about real estate in Chicago, we should read more about this article. 

Click here to see more: Chicago Real Estate Market Update: September Least Bad Of Last 11 Months


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Nashville real estate

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Lake Point Tower

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October 7th, 2019 3:47 PM




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Former Illinois resident, Huma Farook, sits outside of her Hammond home with her 2 1/2 year old daughter, Nafisa Lyons.

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Posted by Michael Hobbs on October 3rd, 2019 4:46 PMLeave a Comment

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