Lakeview Shows Statistical Signs of Stabilization

August 11, 2009

Daily Real Estate Updates

sudler-sothebys-logo11 August 2009 – After appraising property in Lakeview as well as running a declining market analysis I have found some interesting statistics. Three bedroom duplex units had declined at a rate of 5.82% back in February of 2009. As of August, 2009 the same homes in the same area has declined approximately 3.81%. This is an indicator that the market in Lakeview is on its way back to stabilization. Does this mean we are out of the woods? No, definitely it doesn’t. There are many factors at play. The Fed is still modifying the HVCC program as well as FHA guidelines. This stabilization is good news for now. We just need to be patient and wait to see what will happen in the next month or two.

Email This Post To a Friend. Email This Post To a Friend.

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

View all posts by Katie Anderson

Comments are closed.