Host and writer Geoffrey Baer travels by train, tugboat and 1958 Edsel as he takes viewers on a journey through the Southwest Suburbs.
It’s a part of Chicago that’s full of surprises. It’s home to a 28-square-mile forest with a rock canyon. It’s home to major league soccer and minor league baseball. It’s also home to a bustling industrial canal where mariners navigate a Panama Canal-sized lock past a hundred-year-old hydroelectric dam. This modern waterway follows the path of a 19th century canal that first connected the Great Lakes to the Mississippi. That earlier canal transformed Chicago from an isolated trading post on the edge of the American frontier into the fastest-growing city in the history of the world.
Coldwell Banker Residential, the #1 real estate brokerage in Chicagoland (in both units and volume), also has some impressive website stats as well.
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The year-to-date spending jump is among the strongest in the nation.
|Metro Area||Residential Construction Spending, Feb. 2016 (in millions)||YOY Change||YTD 2016 Construction Spending||YTD Change|
The National Association of Realtors (NAR) just announced that the February Pending Home Sales Index reached its highest reading since July 2015.
What is the Pending Home Sales Index (PHSI)?
NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales. February’s Index rose 3.5% month-over-month to 109.1. What does this mean for the market?
Lawrence Yun, NAR’s Chief Economist explained:
“After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last month, lured by mortgage rates dipping to their lowest levels in nearly a year and a modest, seasonal uptick in inventory.”
“Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what’s being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau.”
Looking to buy or sell real estate in Palos Park or the Chicago suburbs? Judy Glockler is consistently one of the top producing agents in the local market. She and her team may be contacted via the contact form to the right.
Looking to buy or sell real estate in New Lenox or the Chicago suburbs? Judy Glockler is consistently one of the top producing agents in the region. She and her team may be contacted via the contact form to the right.
Susan DeMar Lafferty Reporter Daily Southtown
New townhomes are under construction near 187th and Wolf Road in Mokena, part of the Old Mill Pond development, which also includes Fox’s Restaurant and retail shops. (Susan DeMar Lafferty / Daily Southtown)
It was a new job that brought the Renaud family from Pennsylvania to Will County last year.
Kelly Renaud said they looked all around the area before settling in Frankfort. They wanted to be near her husband’s Tinley Park office and they liked the small town atmosphere.
“We almost moved to California. I’m glad we came here. I really like it here,” Renaud said.
Jobs are one of the main reasons folks are moving to Will County, according to local officials.
Good schools, affordable homes, relatively low taxes, great municipalities, safety and quality of life also are reasons they cited for Will County’s population increase of 1,642 in the one year period from July 2014 to July 2015.
Looking to buy or sell real estate in Homer Glen or the Chicago suburbs? Judy Glockler is consistently one of the top producing agents in the Homer area. She and her team may be contacted via the contact form to the right.
Looking to buy or sell real estate in Orland Park or the Chicago suburbs? Judy Glockler is consistently one of the top producing agents in the local market. She and her team may be contacted via the contact form to the right.