Housing Analysis – Page 5 – Rita Kerins-Neighborhood Expert Chicago Real Estate Broker

Foreclosures Sink To 4-Year Low

According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve.

Pending Home Sales Rise For 3rd Straight Month

Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March.

16 of 20 Case-Shiller Cities Show Improvement In May

May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index’s 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat.

New Home Supplies Keep Shrinking; Prices Pressured Higher

According to Census Bureau data, the number of new homes slid 1 percent from May. On a seasonally-adjusted, annualized basis, home buyers bought 312,000 newly-built homes last month.

Home Prices Rise For The 2nd Straight Month

A strong spring season helped home values recover, says the government. According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.4 percent from April to May.

Existing Home Sales Fall To 8-Month Low

Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORSÂ®. Sales volume is at an eight-month low.

Housing Starts Surge 9 Percent; Signal A Strong Fall Season

Builders are busy once again. According to the Census Bureau, Single-Family Housing Starts rose to 453,000 on a seasonally-adjusted, annualized basis in June — a 9 percent spike from the month prior and the highest reading in 3 seasons.

Led By Expectations Of A Strong Fall Season, Homebuilder Confidence Bounces Back

Homebuilder confidence is bouncing back. One month after an unceremonious dip highlighted by poor sales figures and dim prospects for the future, the National Association of Homebuilder’s Housing Market Index rebounded two points to 15 in July.

Contact Rita
773-807-2387
rita@ritaestate.com

Rita Kerins
Real Estate Advisor

A Chicago Native, Rita Kerins is a realtor who balances her tech-savvy skills, with the personal connection of seeing her clients from the start of their journey, all the way to the closing table.

“We truly enjoyed working with Rita. She really understands the Chicago real estate market and helped us reach our end goal of selling. She was very friendly, straightforward, attended every showing in person and constantly provided immediate feedback on every showing.” - Robert and Tanya Eckl

Rita approaches each client with a personal touch. She takes her time to understand their needs and communicates with them every step of the way. Rita truly enjoys the close interactions she has with her clients. Being with her clients when they find the perfect home or sharing the news that their home has sold are the moments that make her truly passionate about her job.

“Rita Kerins is what every buyer and seller needs. She is always there for her clients. At no step of the process did I have to wonder what was next, or feel terrified that I didn’t know what to do, because Rita explained what was going on and what to expect. I’ll always recommend Rita Kerins to all of my friends and co-workers and will ask her to be my agent whenever I go to sell my property and buy my next place. She’s that good!” - Johanna Gonzalez

Let her help you find your perfect home. Contact Rita today!

Designations and Awards

- Graduate of the Realtor Institute (GRI)
- Certified Luxury Home Marketing Specialist (CLMHS)
- Certified Social Media Marketer (CSM)
- Chicago Association of Realtors Top Producer Award Winner