A Housing Recovery?

It seems more people are thinking it is a good time to buy real estate. Certainly property prices have plunged 2007 to YTD 2009 (14% alone in Wilmette; more in Winnetka, while Evanston seems to be holding to a 11% drop.) Agents are reporting more open house visitors; more sales have been recorded and more contracts are being written.

CNBC reported this morning that buyers are testing the market again and appropriately focused on the importance of the first-time buyers. Here's the article.

In 10 days, I'll have finished up the Q1 report for Wilmette, Winnetka and Evanston. That will give us a great look at how these three markets performed versus prior years and which trends are driving the market.

DS