Today's Real Estate Market is slightly down, however rates have never been better. National City, Busy Bank, and Freestar Bank have been swamped re-financing loans. Brad James at National City said the last month he has had so many re-financed loans that he has taken work home every night.
Real estate agents and builders sold 2,253 homes around Bloomington-Normal last year, down 12.8 percent from a revised 2,585 homes sold the previous year, according to statistics from the Bloomington-Normal Association of Realtors. New homes sales totaled 361, down 4.2 percent from a revised 377 sold in 2007. Existing home sales totaled 1,892, down 14.3 percent from a revised 2,208 homes sold the year before. All in all, the home sales did slow down a bit, however, homesales have been the one constant throught history. They will bounce back.
Thursday, January 22, 2009
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