Archive for June, 2013

Summer on a Budget

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You’ve been to the pool every day this summer and are getting sick of the smell of chlorine and the daily rinsing and drying of swimsuits and beach towels. If you don’t find something new to do with the kids, you’re all going to go crazy! But everything is so expensive! Or is it? One […]

How the Inventory Shortage Affects You

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You’re considering moving and hear that there’s an inventory shortage. What does that mean? And how does it affect you? According to the National Association of Realtors, the number of homes for sale nationwide between March and April was 13.6% below the level of a year ago. Comparing homes for sale in Elmhurst, we’ve seen […]

MLS Monday: Homes for Sale!

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DuPage County is offering three different types of homes for sale. There are over three-thousand homes up for a traditional sale. There are over six hundred REO (Real Estate Owned Property) currently available, as well as over twelve hundred short sales. Inventory may be down, but properties are still out there! Do not lose hope […]

Rates Thursday

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Rates for a 30 Year Fixed Mortgage have risen this week to 4.000% and 15 Year Fixed at 3.125%. Lock in these rates quickly!    

The View from 101 York

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LW Reedy has been serving the Elmhurst community and surrounding areas since 1951. As the largest locally-owned real estate agency in Elmhurst, we have a passion for local news and events. Here’s our view of the community for this month, from our perch at 101 York in the heart of downtown Elmhurst. Spring Cleaning in […]

MLS Monday

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The average sale price in Elmhurst is now over $400,000. Overall, the rise in Elmhurst pricing this past year has been seven percent. Compared to 2010, the Elmhurst sales prices has risen by $22,000.

Rates Thursday

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Guaranteed Rate is offering a 30 Year Mortgage rate of 3.875%. Rates are increasing, but homes are still selling, will the rates increase kill the small housing boom? According to the Washington Post, nope. The reasons behind not buying is issues of credit and lack of job security, not a lack of confidence in the market […]

MLS Monday

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In DuPage County the month supply of inventory is now only at six months. Compared with last year, inventory was at eleven months. Supply of on the market homes has decreased more than forty percent in 2013. This is another sign of the bouncing back real estate market.