November Housing Slump a Blip as Buyers Took Wait-and-See Attitude

At the moment, much of my PR activity is geared to one of my other favorite subjects: real estate.

In our ongoing series on the national housing market, my friends at Network Mortgage, LLC of Chicago have this to say about Tuesday’s news that home sales contracts dropped 16 percent from October to November:

“Sour news on housing sales for November does not signal a major market downturn, but rather a temporary retreat by prospective homebuyers who stayed on the sidelines to learn whether Congress would offer more help.

Residential mortgage experts at Network Mortgage, LLC maintain initial uncertainty regarding extension of the first-time buyer tax credit prompted homebuyers to hold off on making a purchase.”

Read the full story

CONTACT:  Juan F. Lopez, Network Mortgage:
773-404-7800 or info@network-mtg.com

Advertisements

Tax Credit Extension Maintains Chicago Housing Market Momentum

Get some insight into how Chicago’s improving housing market will continue moving forward through the item posted below.  It’s a link to a social media news release quoting experts at Network Mortgage, LLC of Chicago:

http://www.pitchengine.com/edwardmburyapr/homebuyer-tax-credit-extension-boosts-momentum-for-chicago-housing-market/32815/

This news, released Friday after President Obama signed homebuyer tax credit extension into law, was among many big stories to surface that day.  It competed with better-then-expected news on Wall Street and the day-after reports from the horrific fatal shootings at Fort Hood, Texas.

It illustrates that sometimes even good news — good for the economy, people seeking their first home, for the real estate industry — sometimes gets overshadowed.