The 2009 housing market is looking bright!
First time home buyers have been responsible for over 40% of homes sold in the past year. Home sales are up 9.2% overall in September 2009 compared to September 2008, which experts attribute to the first-time buyer tax credit that is in effect on all homes closed between now and the end of November, according to CNN Money
To help boost home prices and sales, lawmakers are considering extending the tax credit and expanding it to all but the wealthiest homebuyers.
While keeping the credit would help lift housing prices, senior economist at PNC Robert Dye says it would only be a temporary effect until the program stopped, as was seen with Cash for Clunkers.
In the Midwest, sales were up by 9.6% to a pace of 1.25 million, which was 7.8% higher year-over year.
Click here for the full CNN Money article.
With the combination of record low prices and the $8,000 tax credit, now is the perfect time to close on your perfect home! Eastgate Village can be that home for you, with beautiful townhomes and condominiums mere blocks from Soldier Field and minutes from the Loop. To get your journey started, click here to visit New West Realty and to get more information or request a showing at Eastgate Village!
The Chicago Transit Authority has flexible unlimited-ride passes that make traveling through the city easier than ever. The passes come in 1, 3, 7 and 30 day passes and are priced accordingly. They’re activated the first time you use them, and unlimited rides are yours until the time runs out.
For complete details on the unlimited ride passes, click here to visit the CTA’s page. And click here to find more information and to schedule an appointment to see Eastgate Village, a beautiful condominium and townhome community mere blocks away from Soldier Field and I-55!
The below video shows the view from 1,000 feet above Chicago’s streets. All that separates visitors from the forces of gravity is an inch and a half of glass. But it’s a strong inch and a half: each ledge supports up to 10,000 pounds, or roughly 43 Jay Cutlers.
If you’ve been considering a move to Chicago, Eastgate Village has beautiful condominium and townhomes just for you! Mere steps from Soldier Field and minutes from The Ledge and all the other things that make Chicago great, it’s the perfect place to set up shop in your very own home. Click here for more information and to schedule an appointment!
The Twitter Tour of Eastgate Village was last Thursday, September 24th, and we documented the beautiful Near South Side community from inside and out. In case you missed it, here are 15 brand new images of areas covered in the tour. For more information and to schedule an appointment to check out the beautiful townhomes and condos for yourself, click here to get started!
Living room of the Adler II condominium at Eastgate Village
Saving 6 figures on a home is huge news, but so is the fact that Eastgate Village is FHA approved with just a 3.5% down payment required for qualified buyers. This is an incredible offer that will not last long! The deadline to take advantage of this fantastic deal is almost upon us, so click here to schedule an appointment or request more information on Eastgate Village’s beautiful Near South Side condominiums!