Illinois

Elmhurst, IL Currently Available Homes by Price and Time on Market for February, 2012

03-09-12

David Spencer Chicago Area Commercial-Residential R.E.

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Office: (630) 351-3004

Mobile: (630) 750-4255

City of Elmhurst

The table below lists all of the single family detached and single family attached homes currently on the market in Elmhurst, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range	# Listings	Avg. Days on Mkt
Less than $49,999	1	457

$50,000 - $99,999	12	297

$100,000 - $149,999	20	339

$150,000 - $199,999	26	344

$200,000 - $249,999	32	180

$250,000 - $299,999	35	151

$300,000 - $349,999	28	168

$350,000 - $399,999	20	136

$400,000 - $449,999	12	389

$450,000 - $499,999	12	164

$500,000 - $549,999	7	334

$550,000 - $599,999	20	222

$600,000 - $699,999	26	174

$700,000 - $799,999	16	277

$800,000 - $899,999	11	358

$900,000 - $999,999	5	268

$1,000,000 - $1,999,999	15	512

Active Listings Summary

# Units	Avg. MT	Median List Price	Avg. List Price	Max. List Price	Min. List Price	Total Volume
298	247	$349,250	$440,926	$1,750,000	$34,500	$131,395,898

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Wayne, IL Currently Available Homes by Price and Time on Market for February, 2012

03-09-12

David Spencer Chicago Area Commercial-Residential R.E.

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Office: (630) 351-3004

Mobile: (630) 750-4255

Village of Wayne, IL

The table below lists all of the single family detached and single family attached homes currently on the market in Wayne, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range	# Listings	Avg. Days on Mkt
$300,000 - $349,999	3	135

$350,000 - $399,999	1	623

$400,000 - $449,999	1	159

$450,000 - $499,999	1	40

$500,000 - $549,999	2	538

$550,000 - $599,999	4	183

$600,000 - $699,999	6	123

$700,000 - $799,999	5	604

$800,000 - $899,999	2	443

$900,000 - $999,999	2	667

$1,000,000 - $1,999,999	6	606

$2,000,000 - $2,999,999	1	43

Active Listings Summary

# Units	Avg. MT	Median List Price	Avg. List Price	Max. List Price	Min. List Price	Total Volume
34	373	$697,450	$860,882	$2,600,000	$318,500	$29,269,999

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Bartlett, IL Currently Available Homes by Price and Time on Market for February, 2012

03-09-12

David Spencer Chicago Area Commercial-Residential R.E.

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Office: (630) 351-3004

Mobile: (630) 750-4255

Village of Bartlett

The table below lists all of the single family detached and single family attached homes currently on the market in Bartlett, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range	# Listings	Avg. Days on Mkt
Less than $49,999	7	156

$50,000 - $99,999	56	176

$100,000 - $149,999	59	156

$150,000 - $199,999	48	149

$200,000 - $249,999	24	216

$250,000 - $299,999	6	325

$350,000 - $399,999	1	32

Active Listings Summary

# Units	Avg. MT	Median List Price	Avg. List Price	Max. List Price	Min. List Price	Total Volume
201	171	$129,000	$137,305	$369,000	$35,755	$27,598,335

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Carol Stream, IL Currently Available Homes by Price and Time on Market for February, 2012

03-09-12

David Spencer Chicago Area Commercial-Residential R.E.

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Office: (630) 351-3004

Mobile: (630) 750-4255

Village of Carol Stream

The table below lists all of the single family detached and single family attached homes currently on the market in Carol Stream, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range	# Listings	Avg. Days on Mkt
Less than $49,999	4	361

$50,000 - $99,999	20	281

$100,000 - $149,999	29	269

$150,000 - $199,999	36	276

$200,000 - $249,999	31	253

$250,000 - $299,999	23	164

$300,000 - $349,999	7	158

$350,000 - $399,999	5	127

$400,000 - $449,999	2	482

$450,000 - $499,999	1	2

Active Listings Summary

# Units	Avg. MT	Median List Price	Avg. List Price	Max. List Price	Min. List Price	Total Volume
158	247	$189,450	$195,583	$499,400	$34,900	$30,902,066

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Bank of America Parts Ways with Fannie Mae

03-09-12

Yuval Degani

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Office: (312) 242-1000

Following a series of escalating battles between the giants of the housing loan market over billions in financial losses, Bank of America reported on February 23 that they will no longer sell new mortgages to Fannie Mae.

Real estate analysts believe this act underscores the increasing tensions between these two companies, currently locked in an extended legal battle. The main issue at hand? Bank of America is having to buy back numerous defaulted mortgages from Fannie Mae on account of the original loans did not abide by proper underwriting standards.

Guy Cecala, publisher of trade publication Inside Mortgage Finance, describes this as a big deal within mortgage circles. He goes on to say, “It would be fairly extreme for a small or midsized lender to do this, but for a major lender, it’s very extreme.”

Fannie Mae, a large government-sponsored mortgage finance enterprise, is responsible for packaging bank-provided mortgage loans into securities which are then sold to investors. Almost 40 percent of all U.S. mortgages are backed by Fannie Mae.

According to Inside Mortgage Finance, Bank of America was Fannie Mae’s third-largest lender last year – providing them with $37.7 billion in mortgages. Bank of America has adamantly promised that this decision will in no way negatively affect their customers’ business or the credit available to them.

To make up for the loss of their most sizeable backer, Bank of America has said they will look to other government-sponsored mortgage buyers, including Freddie Mac and Ginnie Mae. The company also believes they will find backing support in the private sector and, at the end of the day, they still have a considerable balance sheet at their disposal.

Lawrence Di Rita, a spokesperson for Bank of America, says, “We will rely on other sources of liquidity to continue to ensure we are lending to our customers and supporting the housing market recovery.” Di Rita also added that Bank of America will still participate in homeowner assistance, in part by employing the federal government’s loan modification program.

What does this mean for Chicago home owners and buyers? At this time, there is no clear indication if or how local markets maybe affected. It seems the current threat is to stakeholders in Bank of America, whose shares fell at one point by $5.

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