Illinois ended 2010 with a December boost in home sales compared to the prior two months and declines in prices and sales also appeared to be moderating, according to IAR's report. Statewide home sales in December totaled 7,682 up 11.1 percent from 6,915 sales in November; year-over-year sales were down 7.3 percent from 8,288 sales in December 2009. The statewide median price was $140,000 down 7.9 percent from $152,000 in December 2009. Nationally, existing-home sales also jumped in December.
Owners and renters agree: owning a home just makes sense. In a new NAR survey, "American Attitudes about Homeownership," 95 percent of homeowners and 72 percent of renters say that over a period of several years, it makes more sense to own. Another positive statistic: 93 percent of owners are happy with their decision to buy and would do so again.
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