Archive for July, 2013

Real Estate Tax Reform Threatens Tax Benefits of Home Ownership

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After the listing price, what other costs do you consider when buying a home? Many think about the costs of commuting, schools, and property taxes. Buyers also consider the tax benefits of home ownership. We all appreciate those little boxes that you can check on your tax return that give us a significant tax savings. […]

Larry Reedy Takes Over as President of LW Reedy

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L.W. Reedy is proud to announce that effective June 30, 2013, Leo Reedy stepped aside as President of L.W. Reedy, and his son, Larry, will be taking the reigns as new President. Larry is the 3rd generation of the Reedy family to run the agency. Lawrence William Reedy, Sr., Leo’s father and Larry’s grandfather, known […]

Rates Thursday

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Mortgage Rates for a 30 Year Fixed are now at 4.625%. Although this is a marked increase from the past, as was predicted, rates are still at record lows. Buying is still a better deal than renting in the Chicago area. Until rates go to 10% than buying is still more financially savvy than renting. Talk to […]

MLS Monday: Elmhurst Market Update

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Often we are hearing of the dreaded downfall of real estate. This is untrue when looking at the amount of properties in Elmhurst under contract and this year. Overall real estate sales in Elmhurst have risen 27%. Compared with DuPage County, the rise of under contract homes is consistent.

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. Rainy Day Activities for the […]

MLS Monday

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New listings in Elmhurst have increased this year by over four percent. Although inventory is down overall, areas such as Elmhurst are still experiencing significant real estate growth.