Morning Minute: High-end housing market rebounding in Illinois Metro East market

REALTORS® in Illinois’ Metro East area are seeing more demand for higher-end homes, in part because prices are more affordable, Belleville REALTOR® Sue Fizer, of Coldwell Banker Brown REALTORS®, told the Belleville News-Democrat. And Chris Seniker, managing broker in the company’s Edwardsville office, said additional factors include low interest rates and sellers being more willing to adjust their prices.

“This time, people are pricing their homes what they need to be,” he said. “I think with low interest rates, the people are understanding that if they want to move up to the next house, this is the time to do it. I think that’s why you’re seeing activity.”

Read the full article in the Belleville News-Democrat.

More headlines:

Real estate agents see brighter tomorrow for home values and salesJoliet Herald-News

Illinois pays for its mortgage mess - Chicago Tribune

 

 

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.