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In a report by Illinois Association of Realtors, 7,604 existing single-family homes and condos in Illinois got sold in the nine-county Chicago is a month back. That is a whopping 36.2 increase since November 2011 when 5,582 homes were sold in Illinois. That is fantastic information for people for our housing market. In the town of Chicago town, home revenue increased 22.5 percent from a year ago, to 1,750, and the revenue improvements for apartments were even higher.

This very good news for this signifies that the real estate market is recovering from its slouch. This also means that people can finally start buying homes with the difference of 1047 more homes here. So what do you think about buying a home in Illinois? Should you be buying a home or waiting it out.

While this recovery is going at its fast pace, there are chances that if you wait too     long then you might miss out on the opportunity and the inventory might decrease.

As the market recovers another question opens up to us as the rent prices are also going up. Should you buy a home in Illinois or keep renting a home. As it happens you can buy a home and put it up for rent and ride it out till you have paid the mortgage for your home.

 The type of homes that is available at very great rates. There are1 BHK homes with lake views. Imagine what kind of value you would get if you bought such a home and put it up for rent. There are places with walk-in closets, rooftop pools, party rooms and other luxurious amenities. These are very attractive details.

Now that we have the option we need to see if the time is right and we are in a position to buy the home.





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