• RE|MAX Rising | RE|MAX Rising Blog

    Monday, March 21, 2016   /   by RE/MAX Rising

    Strong homebuyer activity expected this spring

    As we head into the busy season for real estate in Bloomington-Normal, you may notice a lot less for sale signs than in past years. Inventory, or the number of houses currently on the market, has been low all winter and that trend is continuing into the spring.


    We are expecting strong buyer activity during the next few months, largely because interest rates have remained low. Experts have been predicting a rise in these rates for the last 18 months, but despite those predictions rates remain at record lows, making homeownership affordable.


    Local consumer confidence in real estate as an investment is back and is also having a positive impact on our market. This combination of lower inventory and steady to increasing demand by buyers is resulting in a slow but steady increase in the value of homes in Bloomington-Normal.


    Many of our first time home buyers witnessed a time in the market most of us had never experienced, a short time when values dropped. We all remember the ...

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    Monday, March 7, 2016   /   by RE/MAX Rising

    2016 Is Off to a Good Start

    The Real Estate market is off to a great start in 2016 and it is National news. As Johathan Smoke, of REALTOR.com writes - 


    Job creation—arguably the most important factor in housing demand—is moving apace. January saw 151,000 jobs created. That level of employment growth is below 2015’s monthly average, but unemployment is now near 10-year lows and is in line with the current macro forecast from the National Association of Realtors® (NAR). This level of employment growth should translate into the 3% growth in housing sales we are expecting for the year.
    Speaking of sales, January’s existing home sales report did not disappoint. Even though sales are taking longer to close, due to the implementation of new disclosure and closing forms and procedures, the pace grew 0.4% in January from December. Granted, that’s not a lot, but analysts had been expecting a decline. And from January 2015 to January 2016, existing h ...

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    Wednesday, June 10, 2015   /   by RE/MAX Rising

    State of Bloomington/Normal Real Estate Market - June 2015

    State of the Bloomington/Normal Real Estate Market
    June 2015


    Summary
    The Bloomington/Normal Real Estate Market continues to be strong as we move into June. Sales are up 11.5% (1,001 sales vs. 897) and the median list price of homes gone pending is up to $167,000 from $159,900. Over the last 3 months we have been averaging 230 homes sold per month, with an average inventory of 730 homes. This gives us just over a 3 month supply, clearly a Seller’s market with prices starting to creep up.
     
    Forecast
    Typically there are four (4) big months in the Bloomington/Normal Market. March, April, May and June make up 43% of our total sales. June 2015 should continue this trend and be another big month, with over 200 homes being sold. Inventory is starting to creep up, with over 770 homes currently for sale in B/N. Heading into July and August, we will see sales drop 10-15% with inventory continuing to increase. This is a seasonal norm and NOT a sign of an overall softening of t ...

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    Thursday, February 12, 2015   /   by RE/MAX Rising

    Open Houses for February 14th and 15th!

    The Armstrong Burns & Company Home Selling Team is hosting a number of Open Houses this weekend. We hope to see you there!
     
    Saturday February 14th

    10 - 11:30 AM 

    903 N. Linden #31, Normal - $104,900

    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2150302/IL/252015_65939_PM/903_N_Linden_31/ 
    112 Gadwall, Downs - $214,900

    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2143982/IL/1182014_35325_PM/112_N_Gadwall/
    2207 Savanna, Bloomington $224,900

    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2150191/IL/1272015_54657_PM/2207_Savanna_Road/
    2510 Monica, Bloomington $249,900

    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2143743/IL/10132014_22338_PM/2510_Monica_Lane/
    10:30 - 12
    3120 Auburn, Bloomington $225,000

    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2150150/IL/1222015_120124_AM/3120_Auburn_Road/
     
    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2143861/IL/102520 ...

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    Friday, February 6, 2015   /   by RE/MAX Rising

    Open Houses for February 7th and 8th

    The Armstrong Burns & Company Home Selling Team is hosting a number of Open Houses this weekend. We hope to see you there!
     
    Saturday February 7th

    10 - 11:30 AM 

    114 Fremont, Towanda - $157,900
    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2150171/IL/1232015_63909_PM/114_Fremont_Street/
    1015 Norway, Normal - $299,900
    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2143819/IL/10202014_90411_PM/1015_Norway_Court/ 
    10:30 - 12
    1762 Beech, Normal $329,900

    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2144214/IL/12112014_100357_PM/1762_Beech_Street/

    Noon - 1:30PM
    485 Basswood, Normal $179,900

    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2144213/IL/12112014_100356_PM/485_Basswood/
     
    12:30 - 2:00
    101 N. Mercer, Bloomington $234,900

    http://www.searchhomesinbloomington.com/details/BLOOMILRESD2143861/IL/10252014_122300_AM/101_N_Mercer/
     
    Sunday in the Grove 1-3
    1503 Stoneroller - $299,9 ...

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