The inventory of homes has many Short Sales and Foreclosures, which has been putting pressure on home prices. Detached property levels have declined. The condo market continues in general to display a slower recovery with financing issues creating a larger drag on that segment with what appears to be more stringent requirements. And the increase in rentals is not making financing any easier as some developments exceed owner/renter criteria. Rates are at a low and the banks are tightening their mortgage qualifications. This is a great time for buyers with more inventory to choose from. Want a Market Snapshot of your neighborhood? http://www.homeinsight.com/Widget/default.asp?ZZQWAJ7F40EP
ZIP Codes: 60016, 60018 Location Characteristics: Des Plaines is approximately seventeen miles from downtown Chicago. Located in the heart of the northwest suburbs of Chicago, Des Plaines residents are within minutes of all major transportation centers including, Chicago's O'Hare International airport, Metra Commuter Train (which connects commuters to Amtrak), Pace Suburban Bus System, CTA "L" and Interstates 90, 94, and 294.
Diversity gives "The City of Destiny" a unique flavor. The city has a population base of 56,945. In addition to an ethnically diverse community, the city is home to several Fortune 500 companies as well as many industrial, commercial, retail and service businesses -- giving residents low property taxes with a wide variety of city services. The city covers 15.85 square miles.
The City of Des Plaines operates under the Council-Manager form of government. The Council acts as the City's legislative body, enacting the laws and establishing the policies that govern the city. The Council consists of a part-time Mayor and the Alderman representing each of the eight individual wards. A full-time City Manager oversees the day-to-day operation of the city.
Des Plaines has much to offer. The Des Plaines Park District maintains two golf courses, driving range, a water park as well as a full range of programs and activities. The Des Plaines Senior Center offers an array of services and events for local seniors. The city has also begun "The Taste of Des Plaines," an annual event featuring local entertainment and restaurants.
Des Plaines is committed to ongoing development within its city, including revitalizing the downtown area. In 2000 the city opened its doors to a brand new state-of-the-art library along with a new retail district signaling the beginning of a renaissance in Des Plaines. Downtown redevelopment and new economic growth offer bright prospects for the future of Des Plaines.
About Dennis Toomey:
Over 35 years of Sales, Marketing & Contract Negotiation Experience
Licensed Illinois Real Estate Broker
ABR - Accredited Buyer's Representative of the Real Estate Buyer's Agent Council
CDPE - Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners.
GRI - Graduate Realtor Institute designee of the National Association of Realtors REALTORS® with the GRI designation are highly trained in many areas of real estate to better serve and protect their clients.
CRP - Certified Relocation Professional It is awarded only to those individuals who have demonstrated knowledge and expertise in all aspects of corporate relocation.
CRS - Certified Residential Specialist - The Top 4 Percent Less than 4 percent of all licensed Realtors® are Certified Residential Specialists.
e-PRO Internet Professional e-PRO is the only NAR approved Internet Certification Program.
SFR - Short Sales and Foreclosure Resource Certification
RE/MAX Hall of Fame
100% satisfaction GUARANTEED to all clients, whether Buyer or Seller
Fast, friendly & easy to work with
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
