The Local Real Estate Economist


    What the end of the tax credit means
    Today I turn this over and redirect you to an agent here at KW-FVR so you can get the benefit of her experience and expertise. Cindy Strahota is an agent with experience as an appraiser here in St. Charles so she’s a great, authoritative voice when discussing market stats and pricing. I’m sending you her [...]

    Have you heard of the Beige Book?
    It’s also commonly called the Summary of Commentary on Current Economic Conditions. The Beige Book is essentially an informal review that the Federal Review Board puts out 8 times a year to summarize what they call “anecdotal information” in regards to current market conditions in 12 markets nationwide.  IT seems that they aggregate information from [...]

    This week in Real Estate, July 2010
    This video provides a  little information about FHA Loans this month: As always, keep in mind this is national and real estate is a local business. If you?re in the Fox Valley you should contact a local market expert to get a better sense of timelines. Also, keep in mind that St. Charles is not [...]

    Will St. Charles require you to have a sprinkler system in your home?
    I found this in yesterday’s Kane County Chronicle. Seems that St Charles is looking into compromise after the IAR completed their pollsabout the issue. There’s quite a bit of controversy as this could hit home buyers in the market for new construction in the pocket book. To give a little of the back story, there have been [...]

    This Month in Real Estate, June 2010
    This month in Real Estate continues to address the changes in the market. This month addresses Short Sales, specifically  the process and timeline of Short Sales. It’s great information, but do keep in mind this is national and real estate is a local business. If you’re in the Fox Valley you should contact a local [...]

    This Month in Review August 2009
    This Month in Review has Ron and invited guest Justin, talking to us about August statistics. August numbers up  homes sold 29 % from this time last year 14% homes under contract  goes to  Montgomery.  2nd goes to Plainfield 10.1% under contract for all of Fox Valley is much better than this time last year at [...]

    July?s Monthly Statistics
    Ron Donavon does a great job talking about the summer Home Sale statistics.   In brief he tells in the Fox Valley Area; home for  sales are 16.3% down for this time last year we had a few towns like North Aurora, Plainfield,Montgomery, etc.  will an of absorbtion rate of less than 10 months, while we [...]

    Keller Williams Red Day May 14th
    Keller Williams Fox Valley Realty, in conjuction with all of Keller Williams Franchises are giving back on May 14th to their local communities. Locally we(partnering with the Salvation Army) will be doing 20 projects at local homes in the Fox Valley Area.  These projects will consist of Raking leaves, cleaning gutters, painting rooms, washing windows, [...]


    Wow, Options, options, options!   In these trying times where all we hear is doom and gloom,  it is nice to choices out there for folks that may be struggling. This April 19th from 1-4pm  come to Keller Williams Fox Valley Realty. where are having a Home Owner fair where you can visit may information booths, [...]

    Home Price Protection
    Home prices, historically, have averaged  1-2 percent increase from year to year (since 1950). But since 2000, we have averaged nearly 9% increase in home prices year to year*.  That extremely large increase coupled with the fact that average home sales prices outgrew average household income in 2003 meant only one thing, the housing bubble [...]