Here’s a great article from RIS Media (see link below). With housing at its lowest levels, including the Fox Valley area, the economic indicators show that the housing market will actually add to the GDP for the first time in years. This means that not only is housing slowly rebounding in 2012, but also that Elgin Fox Valley homes will finally see slight appreciation in value. After all these long years of trending downwards, it is finally good to see a tick in the opposite direction. Market values and market times will still lag behind the economies of course, but the outlook is positive that improvements indicate a stabilizing marketplace but a gradual return to a more normal market.
Need more proof? Get a list of recent closings in your neighborhood from 6 months ago and compare it to 1 month ago!