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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