More Signs of Life

On Sunday (4/26), the Chicago Tribune ran a front page story about how home sales in the Chicago area are starting to show more signs of life.  The reporter, Mary Ellen Podmolik, went on to say that local realtors are actually feeling pretty good about their prospects lately. Although we are only seeing baby steps, it is indeed a good sign that buyers are beginning to stir.  Perhaps more important is the value that positive news stories can have on the psyche of the home buying public.  We have been inundated with negative news stories about the national and local real estate market for the better part of three years now and if potential buyers begin to see stories such as this, they will surely begin to come off the fence.  Positive real estate information doesn't necessarily need to come from the local media.  I was driving through the downtown area of the western suburb that I live in when I passed a sign in front of a real estate office that caught my attention: "now hiring 2 agents".  This is surely another sign of life in the real estate market.

The Chicago Tribune article can be seen at this link.