Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. Michaels also noted that his business is still seeing a steady stream of out-of-town buyers. “We

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Housing Wire

FEBRUARY 8, 2024

Census Bureau , the state lost 32,826 residents from July 2022 to July 2023. Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. Additionally, Redfin ranked Peoria as the Illinois metro with the fastest-growing sales price in December 2023.

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Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. The few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7% While there were 5.8%

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Will Springer Realtor

FEBRUARY 9, 2024

SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. The Legislature is back at it – this year meeting for a 60-day session – seeking to build upon (no pun intended) the successes of 2023.

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