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July 11, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Chicago, Illinois

Reported by Lorne Frank, REALTOR, ABR

Updated January 15, 2009.

Current Market Rating: 1



1
2
3
4
5
Buyer's

Seller's

Current Price Trend: 2




1
2
3
4
5
Falling

Rising

The spring market is upon us, and it looks to remain a challenging period in real estate for most of 2009. Despite what you see in the news, well priced properties ARE selling, though market time has increased across the board. My advise to sellers: let your real estate professional help you price your property according to today's reality. Home values that are 6 months old can be irrelevant in today's marketplace.

For buyers there is no time like the present to take advantage of historically low interest rates and decreasing property values. Do your homework and be sure that you are financially qualified by a reputable lender.


ZIP Codes: 60657, 60614, 60610, 60625, 60613, 60625, 60304

Approximate Location Boundaries: Lincoln Park, Lakeview, North Center, Lincoln Square, Roscoe Village, Bucktown, Wicker Park, Wrigleyville, Oak Park, River Forest, Evanston, Hyde park


For More Information:

View Market Conditions of other areas served by Lorne Frank

Navigate: Top > Illinois > Chicago

About Lorne Frank:
Lorne Frank has been a leader in Chicago’s real estate market since 1995. With experience in the represention of individual sellers, buyers, developers and builders, he has a proven record of success in real estate brokerage and a history of providing comprehensive service to all his various clients.

Lorne is a real estate professional who will listen carefully to your concerns and desires and will commit wholeheartedly to helping you achieve your goals. With a commitment to the highest level of service and extensive market knowledge, it is no wonder that Lorne’s sellers and buyers are consistently amazed by how enjoyable and rewarding a real estate transfer can be.

He is known and respected as an informed and tenacious advocate for his clients. Colleagues and clients alike often call upon him for his unique and proven interpretation of current market conditions and respect him for his realistic and forthright observations.

“I’ve built a reputation over the years for integrity and professionalism coupled with a sincere and personal approach. All of my successes in the real estate business have been a result of careful planning and dedicated hard work. This is the foundation upon which I attempt to serve all my clients.”



These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 5.32%
15 Year Fixed: 4.69%
1 Year Adj: 4.82%
(U.S. Weekly Averages)

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