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CHICAGO IL REAL ESTATE STATS PACK – July 27 2009

CHICAGO IL REAL ESTATE STATS PACK – July 27 2009

Good Morning!

Here is the good news then the bad news here in Chicago:

Outstanding levels of homes for sale have fallen! However the average level of inventory for sale

ECONOMIC FEARS CONTINUE SO BANKS LOAN LESS MONEY!

ECONOMIC FEARS CONTINUE SO BANKS LOAN LESS MONEY!

IN APRIL MAY . . . MOST LOANS CAME FROM MORTGAGE REFINANCES RENEWING BUSINESS LINES OF CREDIT NOT NEW LOANS!

Those who thought the massive Fed Bailout of Banks by both the