Morning Minute: Illinois’ strong October home sales make headlines

Illinois home sales totaled 11,775 in October, a 37.3 percent increase over last year and the strongest October the state has seen since 2006, the Illinois Association of REALTORS® reported this week.

The rise in sales made news. In the article, “Low interest rates and inventory fuel home sales,” the Chicago Tribune reports that “prices may finally be stabilizing and, in some areas, moving off the bottom.”

“Buyer confidence is up,” REALTOR® Robert John Anderson, of Baird & Warner, told the Chicago Tribune. “I was running around Saturday and Sunday and bumping into the same brokers and they all looked tired and busy. It’s exciting.”

More headlines on October home sales:

Chicago-area home sales jump 44.1% in October over 2011Chicago Sun-Times

Home sales leap 44 percent in OctoberCrains Chicago Business

State Housing Sales Up for OctoberWJOL

Home Sales in Illinois Hit 6-Year High in October – WTVO

 

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