Per Steve Harney, speaker at the 2010 IAR convention, home prices in May, 2010 are back to May, 2004 prices. That said, interest rates in May, 2004 were 6.27% versus May, 2010 at 4.50%.

If you purchased a new home in Lincoln Park or Lakeview or any where in the Chicagoland area, you will save big bucks, not only on the price but on your monthly payment...see below...

Purchase Price Downpayment Interest Rate Monthly Payment (P&I)

$300,000 10% 4.42% $1,355

$300,000 10% 6.27% $1,665

Your monthly payment is reduced by $310 due to the low, low interest rate.....give us a call to arrange a showing of your dream home.