Oct
15

Positive News About the Real Estate Market

October 15, 2008

A photo by Matt Wright of the Denver Skyline around Midnight

It has been over a year since we’ve heard anything positive about the real estate industry, and, with the recent turmoil of the stock market, it seemed like any positive news related to the economy was a long way off. Well, I am happy to report that yesterday, October 14th, USA Today published an article about the Denver housing market making a turn around and coming out of the dip that has been affecting so many markets throughout the nation. The number of inventory homes in Denver is decreasing, there are more buyers in the market and the interest rates are fairly low. Considering that Denver’s foreclosure rate was one of the highest in the nation at one point, it is very reassuring to see the city has recovered and is showing these positive signs that represent a strong and stable housing market.

While the Denver real estate industry isn’t entirely related to the Chicago real estate industry, I wanted to share this article with you so that you could see for yourself that not everything related to real estate is negative. While Denver was highlighted in USA Today, it is not the only housing market to experience these positive signs. Plus this is article is a great starting off point for the rest of the nation. What I mean is that if some local housing markets are on the rise, then the national average will soon follow suit. It won’t be too much longer before we start seeing a myriad of positive news articles about the real estate industry. So, if you have been hesitant about purchasing a new home in Chicago, the signs are saying we are on the cusp of a positive turn around in the market, making now is a great time to buy.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

2 Comments

1

Thats awsome news! I am currently an independent realestate agent for keller williams and I currently haven’t made that much money with my license all year. It’s difficult right now and it’s not cheap to maintain a realestate license with all the fees and renewals that goes along with the license. I will keep researching the buying and selling activity for the chicago market and hopefully it will pick up……In your opinion when do you see chicago picking up the pace?

2

Candace,

This post was good because the media is starting to say positive things. The Chicago Real Estate still needs more activity to say it is improving. I have not seen too much, and am not sure it will show any signs for some time, at least until the spring. I appreciate your comment, and I do hope the market gets better soon.

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