• RE|MAX Rising Blog

    Wednesday, June 04, 2014   /   by RE/MAX Rising

    May Market Update for Bloomington-Normal

    May was another record month in Bloomington-Normal Real Estate with 217 homes going under contract. This is an increase of 4% from May 2013’s record pace. For the year (through May) the Bloomington-Normal market is down 6% from the same period last year, with the horrendous weather in January and February accounting for most of the difference. The big change from last year is in the number of homes on the market. Last year at the end of May there were approximately 600 homes for sale in Bloomington-Normal, this year it is closer to 800.
    First-Time Home Buyers Still Pushing The Market
    With the new underwriting requirements and the abundance of grant programs available for first-time home buyers, the price range for the first-time buyer is moving up. While the price range used to be $125,000 to $150,000, we are now seeing first-time buyers looking at everything up to $200,000. This has altered the market and homes in the $150,000-$200,000 price range are ...

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    Wednesday, April 09, 2014   /   by RE/MAX Rising

    State of the Bloomington Normal Real Estate Market - April 2014

    The Bloomington Normal Real Estate Market
    April 2014


    The Bloomington-Normal Real Estate Market is Booming!

    Over the past 30 days over 300 homes have been sold in our MLS, equal to the number of homes we sold last year and 2013 was a record year for Bloomington-Normal Real Estate.  We are seeing homes sell quickly and are back to having multiple offers on the most desirable homes. If you are thinking about listing, now is the time! If you are thinking about buying a home, especially for the first time, there has never been a better time.

    If You Are Considering Selling, Now Is The Time!

    As of today in Bloomington-Normal there are 690 Active Residential listings. In the past 30 days 233 homes have sold. This means that we have just under a 3 month supply of homes. This indicates a strong SELLERS market. (Typically a 6 month supply of homes is considered a "stable" market.) We are entering the busiest months of the Real Estate y ...

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    Thursday, December 12, 2013   /   by John Armstrong

    Should I Put My Home On The Market During The Holidays?

    by John Armstrong
    Should I list my home during the holidays is probably the question I am asked the most by seller during this part of the year.  My answer is always a very firm...maybe. The 2 factors that need to be taken into account are 1- How's the market? and 2-What's your motivation?

    "How's the market" is the easier question to answer to answer.  Look specifically at your price range. How many homes are on the market in your price range? How many homes sold during the previous 30 day period. This will tell you your chance of selling, assuming you are priced correctly.

    "What's your motivation? "  is a little tougher question. Are you moving because you want to? Are you moving because you need to? Are you relocating? Are you trying to maximize your value? Is this a divorce? Did someone die?

    In the Bloomington-Normal Real Estate market things don't "shut down" for the holidays. The relocation buyers are still buying in December because they ...

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    Wednesday, December 11, 2013   /   by John Armstrong

    Chase Helping out Vets

    Chase announced it will donate at least 100 homes it owns to wounded military veterans as part of a program operated by a national nonprofit group known as Operation Homefront. 
    Eligible military families must be on active duty, not currently own a home, and be financially capable of taking on home ownership. Spouses of military members killed in action will also be considered for the program. 
    "These individuals have made tremendous sacrifices for our nation, and as they move back into civilian life in a tough economic environment, we hope that a mortgage-free home will make that transition a little easier," Frank Bisignano, JPMorgan Chase Chief Administrative Officer and CEO of Mortgage Banking, said in a statement. 
    Military families can apply for the Homes on the Homefront program atwww.OperationHomefront.net/HomesOnTheHomefront.
    The announcement comes months after Chase has taken steps to develop a foreclosure prevention and assistance program for military vets. ...

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