Monday, February 18, 2008

Sanity in the housing market

I would like to share something with the blog readers out there.

I am passionate about residential real estate.

I believe first and formost that real estate is "home". It is our place of refuge, a place for our family and friends. It is where we live, love and dream.

Secondly, I believe that real estate is an investment. Our home is often the nest egg (now you know where that term came from, nest =home) that supports us and our families financially.


I believe that our society is once again viewing real estate as our foundation, not the tip of an investment pyramid. As lenders return to basic lending principles, consumers will be able to buy a home with confidence. Or, rent a home and have some confidence that their landlord will not face foreclosure and leave them homeless.

If you are thinking of buying a home now (whether you are a first time buyer or experienced buyer), here are a few things to consider:
-Prices in Chicago lakefront neighborhoods are at their lowest in a couple years (depending on building & area, this means today's price is the same as the price 2 years ago -- or price increases are slower than they were previous to 2 years ago)
-You have more properties to choose from than you had in the housing frenzy
-If you are a qualified buyer, there is mortgage money available and low fixed rates

I'll see you out there!