Mar
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Great Momentum Carries 2013 into a Healthy Spring for Housing

March 15, 2013

Chicago Real Estate Market Trends2013 is already looking like the year of recovery that many have been hoping for, as builders have pulled more permits in January of 2013 than in the past four years according to CNN. This is a great sign, since the number of permits being pulled has long been a barometer of builder confidence in the market. In January, builders across the country filed for permits at an annual rate of 925,000, up about 2 percent from December and 35 percent from a year earlier, making it the best month for permits since June 2008.

Additionally, housing starts have slowed, as is traditional for this time of year, but are still up 24 percent up from last year.

This excellent news only adds to the success the building industry has been seeing lately. The real estate market in Chicago and nationally has seen increased sales of both new homes and previously-owned houses, a drop in foreclosures and a continuation of low mortgage rates. A drop in the nation’s unemployment rate is also helping, as people are feeling more confident in their future and are putting their money towards mortgages.

 

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.

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