Sunday, February 13, 2011

Real Estate market improving?

Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
321 N. Clark Street, Suite 500
Chicago, IL 60654
312-238-9298

Existing home sales activity continued up through December, increasing by a substantial 12.3% from a month ago. This marks the fifth monthly increase in the past six months and could indicate that a recovery is gaining a firmer footing. While home sales remained 2.9% below the level seen last year, the market’s upward momentum, despite the absence of the tax credit, is a welcoming sign.