Consensus Building That Housing Bottom Has Been Reached

August 4, 2009

Daily Real Estate Updates

sudler-sothebys-logo4 August 2009 ? According to Steve Baird, President of Baird and Warner, the real estate market is slowly turning around. “After a long wait, it appears the market has generally stabilized and we have even begun to see some improvement, albeit modest.” With that said it would appear that the market is stabilizing, however the degree can depend on the neighborhood.

On the other hand, the existing housing inventory still on the active market will take a couple of years to work its way through the system. Short sales and foreclosures will continue to put pressure on housing prices. The good news is we are hopefully at the bottom of the market with nowhere to go but up!

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About Katie Anderson

Katie Anderson is a respected and successful broker at Sudler Sotheby’s Realty as well as a certified appraiser. She specializes in representing clients who purchase and sell condominiums, town homes, single-family homes and income property in the Chicago land area. In her small amount time in the real estate game (she became an agent in 2003) she has assisted in excess of 400 deals and over $200 million in sales and continues to use her skills as a certified appraiser. Katie resides in Chicago’s Bucktown neighborhood with her loving husband and 4-year-old-daughter, where she spends much of her spare time with her family and friends. You can contact her at katie@thechicago77.com or at andersonbraack.com

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