Data indicates the market has turned

Here are a thousand words describing what we have been waiting for.

Good hunting! ... Call me 217-779-6441

Wall Street Journal say Housing has turned the Corner

This just in via LinkedIn email.  Wall Street Journal thinks Housing numbers show the industry is looking up.
Short cut to article follows for cut and paste: <http://www.linkedin.com/e/-2585w2-h4l847ed-5b/nab/5628836251319685193/ejkNdPkSd3wOcj0MejoTdz8SdiMPczsTcjoTejkQcjcVc3wUczoRb3gMd3sTc3wMc3gQcPgTd3wOdzkIdPsMdzkQejsVczcQcPwMe38SdiMPej4Re3oVcjcNdj8ScPwUczoR/true/weekly/eml-tod2-b-ttl-0/?hs=false&tok=0_NvNfI8epllk1>
We all hope they are right.
Call me.

Interest rates go Low

Mortgage rates sank to new lows this week, so low in fact that if you were planning to buy land or a house, you might not even notice the interest. Rates on 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.8 point for the week ending July 5, down from 3.66 percent last week and 4.60 percent a year ago, Freddie Mac reported. It's as if this is the all time record low interest to cosmically balance the all time record high temperatures lately. Not bad if you get a house with central air.  The rates are lower based on fears about the global economy, which includes us. But if one must suffer through a global crisis still to come, and we all know there will be more some time, why not have a decent house at almost zero interest.  Good hunting!

Nationally, Pendings rise

Mr Scott Moses, an associate of mine in Las Vegas, e,ailed me the information below just today, "New home sales rose 7.6% in May to a seasonally adjusted annual rate of 369,000 units, the highest level since April 2010. On a year-over-year basis, new home sales are up 19.8% compared with May 2011. At the current sales pace, there's a 4.7-month supply of new homes on the market, the lowest level since 2005.
...Pending home sales, a forward-looking indicator based on signed contracts, rose 5.9% in May after a 5.5% decrease in April. On a year-over-year basis, pending home sales are up 13.3% compared with May 2011."
This seems to be reflected in the local market around Quincy as well. Very few "houses in the country" are available to meet a very strong demand. Likewise, very few country acreages are available near Quincy at any price.
If you are looking for something in particular, just call. I regularly knock on doors and I will literally "ask around" as they say. Inventory down, demand strong, prices steady. That's how I see it. To buy or list,call me!

1206 S 15th is Sold!

1206 S 15th (under $90,000) is in contract set to close early in May! 2120 Adams (under $140,000), our listing a few blocks away, is also sold! We will be getting a new listing of similar size at 22nd and Jefferson perhaps a searly as this week.

So, sales would indicate small homes under $140,000 South of Main are moving fast.

If you have a house or land to sell, we would love to list it for you. If you are looking for property, I can find it for you.

Also, I have people looking for land in the country and I have a great listing - 34 acres with Barn near the Gorge Bridge. Call me!

Two great New Listings

Just Listed 1206 S 15th ... $87,500. Seller Motivated. This has been rehabbed and remodeled inside & out, Basement to roof line. New roof, new siding, new windows, floors, walls, Kitchen, Bath fixtures, carpet, the entire works. 2 bed 1 bath, big lot runs to paved alley, South of State, East of 12th, near Hyvee, restaurants, parks. A must see if evere there was one.


Also, Just listed 34 acres of heaven near the Gorge Bridge. Minutes from Quincy, easy access on paved roads, secluded, with mature forest and some tillable ground, and a spring fed stream meanders through a picturesque rocky gorge that gets deeper when it passes onto the adjoining Illinois Dept Natural Resources property - so beautiful the state claimed it and its ancient stone arch bridge thirty years ago. This is your place in the country. $340,000. Includes barn and starry nights.

Home Prices Slide thru 2011- land UP!

Nationally, as of December 2011, real estate prices continued to fall with average prices down 1/3 from the top of the market. The data shows us what most had already guessed - Chicago has fallen with the national average, Las Vegas fell by 60%. In general, prices have been falling about 1% a month for the past four months.

Locally, open house traffic has been brisk, but despite warm weather, many buyers and sellers are waiting for the official frost date to pass. I have 34 acres listed at the Fall Creek Gorge. Photos on House & Land on Facebook.

In searching for buyers for this tract and for a seller with 10 acres above the high water mark along Illinois RT 57, I have visited with nearly every owner between Seehorn and Marblehead. Most do not want to part with what they have, but a couple tracts are possibly available, though not listed for sale, atop the bluffs, one with a fabulous view. Also, clients tell me class A farmland in the South Quincy bottoms recently received auction bids above $11,000 per acre. They left the proceeding when the bidding reached $11,400. (Photo "Dawn's Foggy Light" courtesy of Jim Meinbendir productions)

Call me!