Jack Lewitz's (evanstonilrealtor) Blog

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Real Estate Broker/Owner - Exit Strategy Realty



Second Quarter 2010 Single Family Home Sales Data: County Total Sales Total # Foreclosure Total # of Short Sales Distressed Sales expressed as % of Total Sales Active listings # Sales in 1 Month Absorption Rate Cook County 6,215 1,803 568 38% 19,288 2,521 7.65% Lake County 1,402 351 134 35% 5,833...
"What Me Worry?" was the phrase used in Mad Magazine and I think it is appropriate here. They say bad news comes in threes:  First, the National Association of Realtors reported existing homes sales dipped 2.2% last month.  Second, the National Association Of Home Builders shows sales of new hom...
UNDERWATER HOMEOWNERS CALL ABANDONMENT BY MORTGAGE COMPANY By Lisa Parker More than 700 days after putting up for sale the home they owned for three decades, a Glen Ellyn couple says they'd received multiple offers on the home, but couldn't get any answers from their mortgage company. Gus and Fr...
The NYSE plans to delist the shares of Fannie Mae and Freddie Mac.  This means Fannie and Freddie Mac will no longer be traded on the New York Stock Exchange.  As of June 15, 2009, one share of Fannie Mae stock was selling at .92 cents while Freddie Mac shares were at $1.22. In September of 2008 ...
How many foreclosures are out there?  As far as I can tell "Only the Shadow Knows". The new buzz is there is a large shadow inventory of foreclosures yet to hit the housing market. Keeping this inventory of homes off  market helps to stabalize prices of homes in the short term. Imagine all these ...

Jack Lewitz

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