Well, well...nothing like speculation to throw a wrench into things...but as I type this the only remaining hurdle on extending the Home Buyer Credit is if our Prez can't remember how to use a fountain pen...but as little credit as I give 'em, I think signing his name should be a 'gimme'.
.... AND (note intentional use of bold,underlined, capital letters to keep your attention from drifting...) the credit being offered to move up buyers.....a few rules to follow so read with me here...:
The legislation that was recently cleared makes move-up buyers as well as first-time buyers eligible for a credit. The $8,000 maximum first-timer credit will continue and will now be available to couples with income up to $225,000, a nearly $55,000 increase above the level in existing law. A new $6,500 maximum credit would also be available to move-up homeowners who have lived in their current residence for five of the prior eight years.
YES!!!...sing it James! "I feel Good"....
Lets roll right into this months edition of :
By The Numbers...
For October 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Naperville
Active Listings:978 (as of 10/31/09)
Sold(10/01/09-10/31/09): 103
Months Supply(Act/Sold): 9.49 Months
High Sold Price: $1,375,000
Average Sale: $433,462
Average Market Time: 147
October 09 Top Subdivision (sales): Tall Grass (9), several tied at (3)
Aurora
Active Listings: 1146 (as of 10/31/09)
Sold (10/01/09-10/31/09): 135
Months Supply(Act/Sold): 8.48 Months
High Sold Price: $905,000
Average Sale: $192,041
Average Market Time: 146
October 09 Top Subdivision (sales): Hometown (6),several tied at (4)
Plainfield
Active Listings: 852 (as of 10/31/09)
Sold (10/01/09-10/31/09): 86
Months Supply(Act/Sold): 9.907 Months
High Sold Price: $425,000
Average Sale: $226,050
Average Market Time: 171 Days
October 09 Top Subdivision (sales):Lakewood Falls(6),Grande Ponte (5),Wesemer(4)
Oswego
Active Listings: 284 (as of 10/31/09)
Sold (10/01/09-10/31/09): 29
Months Supply (Act/Sold): 9.79 Months
High Sold Price: $359,000
Average Sale: $235,465
Average Market Time: 202 Days
October 09 Top Subdivision (sales): Several tied at (2)
So, my good fellows and ladies, what has been going on with you?
Talk to me-
-Dawg-
Shane Mann Ruff
Realtor®
Relocation Certified
967 West 75th Street
Naperville, Illinois 60565
Cell 630-846-1450
VM 630-637-2547
Fax 630-532-6670
"Let THE RUFFHOUSING TEAM do the TUFF work for you!"
(This is the final installment in my saga of trying to get help from my lender for the "Making Home Affordable" program which by definition I qualified for)
**************************
To review, I've been blogging about my attempt to see if the "Average hard working Joe" could take advantage of the Making Home Affordable program as instituted by our countries leadership. My Answer: NO WAY. Here's the latest chapter:
after resubmitting my paperwork for a 2nd time (see earlier blogs to catch up...) I finally, after almost 7 months from the date I first sent paper work in, received a letter stating "NOT ELIGABLE" REASON: CURRENT". Mind you this was my full 2nd time through the nuthouse after being told I had a negative household income (because my genius lender had left my wife's income out of the household totals.......that was a good one...you should go back and read that blog post again!) Why in the world did they make me jump through another set of hoops just to be told something that they were obviously aware of in the first place? <sigh> If nothing else, this adventure has taught me that the biggest part of the reason the housing industry got into such a big mess was that the Lending institutions we put our faith and trust into, obviously couldn't run a lemonade stand let alone be reasonably responsible for deciding whom to and whom not to loan money out to. The programs as outlined by definition were put in place to help people stay in their homes. Along the route I found out that 1) If you are making your payments you are never getting your loan modified. 2) if you are late (especially if you are behind because you 'overbought' in the first place, the lenders are more than happy to give you a super rate (starting at 2% for most) and not change that rate much for the next five years (not teaching those people how to live within their means in any way, shape or form....) 3) The Average Joe like myself who is looking for a helping hand to not have to live so tight in a tough market is not eligible because I am responsible and only bought what I could afford......not gonna get any help from Uncl' Sammy because the program is not set up to help the responsible.
Again folks, I'm making it....between my meager income in the housing market (which btw... is still making small indentations upward!!! whoo-hoo!) and my wife's assistance to our household income, we will make it...Things are tight, but we have a roof over our heads (no thanks to N****** C*** M******* you know who you are......), three meals a day and a whole lotta love in the house, ...we make it. I just feel for those folks out there who really need the assistance of this program and are ready to fall behind....the time period just waiting is absolutely not acceptable!
In the mean time something to cheer you up! Here's this months:
By The Numbers...
For September 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Naperville
Active Listings:1046 (as of 9/30/09)
Sold(9/01/09-9/30/09): 115
Months Supply(Act/Sold): 10.93 Months
High Sold Price: $2,500,000
Average Sale: $490,026
Average Market Time: 147
September 09 Top Subdivision (sales): Tall Grass (7), Cress Creek (5)
Aurora
Active Listings: 1181 (as of 9/30/09)
Sold (9/01/09-9/30/09): 108
Months Supply(Act/Sold): 10.93 Months
High Sold Price: $390,000
Average Sale: $165,443
Average Market Time: 242
September 09 Top Subdivision (sales): Hometown (6),Lakewood Valley (5)
Plainfield
Active Listings: 906 (as of 9/30/09)
Sold (9/01/09-9/30/09): 80
Months Supply(Act/Sold): 11.325 Months
High Sold Price: $535,496
Average Sale: $245,772
Average Market Time: 196 Days
September 09 Top Subdivision (sales): Wesemere (6) ,Lakewood Falls (5)
Oswego
Active Listings: 303 (as of 9/30/09)
Sold (9/01/09-9/30/09): 27
Months Supply (Act/Sold): 11.222 Months
High Sold Price: $388,600
Average Sale: $256,861
Average Market Time: 189 Days
September 09 Top Subdivision (sales): Church Hill Club (4),Deerpath Creek (4)
Thanks for coming along for the ride....What's on your mind? Talk to me
- Dawg-
I Had just left you with an update on my quest to get in the "Making Homes Affordable " program...Again, for the record, I'm doing ok...not rich by any means, but by the good grace of our Lord, my bills get paid. Thank you Lord!<><
Nothing to report this month...as you remember from last months post I had to reapply (since N******* **** M***** messed up my original application by failing to apply my wifes income to our household income....) I expected the '30 -60 day wait' again...and I was right.
So with out additional blogging filler, I bring you this months instalment of :
By The Numbers...
For August 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Naperville
Active Listings:844(as of 09/01/09)
Sold(08/01/09-08/31/09): 111
Months Supply(Act/Sold): 7.6 Months
High Sold Price: $1,400,000
Average Sale: $449,235
Average Market Time: 153
August 09 Top Subdivision (sales): Tall Grass(5), Asbury(4),
Aurora
Active Listings: 840 (as of 09/01/09)
Sold (08/01/09-08/31/09): 96
Months Supply(Act/Sold): 8.75 Months
High Sold Price: $527,500
Average Sale: $171,647
Average Market Time: 130
August 09 Top Subdivision (sales): Hometown(4), Wheatlands (4)
Plainfield
Active Listings: 677 (as of 09/01/09)
Sold (08/01/09-08/31/09): 83
Months Supply(Act/Sold): 8.15 Months
High Sold Price: $539,900
Average Sale: $233,142
Average Market Time: 205 Days
August 09 Top Subdivision (sales): Lakewood Falls, Mayfair & Wesmere (4)
Oswego
Active Listings: 244 (as of 09/01/09)
Sold (08/01/09-08/31/09): 34
Months Supply(Act/Sold): 7.2 Months
High Sold Price: $1,075,000
Average Sale: $278,471
Average Market Time: 217 Days
August 09 Top Subdivision (sales): Deerpath Trails (3)
By next month I'll have made at least one phone call (if not two....) to my favorite lender there and see what the new hire answering the phone will have to say...that is, if it is in the script in front of them.
Howz it going? Talk to me
-DAWG-
SO as we last talked I was waiting patiently to hear from the Making Home Affordable program people.....oh boy.....so I finally get a letter after waiting now for several months...(to recap...I'm fine...making my payments...but like most Americans...a bit tight on budget...so I was seeing what our tax dollars at work could do for me....) I get the notification....I'm 'ineligible due to a ""Negative Income"" Ok...two things here....1) As a self employed individual my 'write-offs' are a bit different than Joe American who works for someone and receives a W2...so as those of you self employed individuals know, a "negative income" is not that hard to show.....2) I found out that since my wife is not on my mortgage, they didn't count her income. (Dawg gets out a BIG RED FLAG for the mortgage professionals (loosely used term here) at my lender.. So I call the 800 number and patiently wait on hold for several minutes and give out the same information 3 or 4 times when a young lady gets on the line and says, "Loan number please...." (hey...I already gave that information to your automated attendant ' like 3 or 4 times...) As I go through the story with her..."I'm making my payments, ...It's not really a negative income..I have near perfect credit (Gold Star on Dawg's Fridge)...The program was designed for people like me (or so I thought...)...and finally," Why didn't you count my wifes income as part of my 'Household Income" since we do use her money to pay bills too?"..
The young lady says "Well it should be counted" (DING-DING-DING) (for a brief second I'm seeing a light at the end of the tunnel)...You'll have to reapply and make sure you include all of your wifes income data....." (light at end of tunnel is proverbial Freight Train...choo-chooo.......)
ARRRRGGHHHHH! I tell her I've already included it if she'll just look at the packet...
...she goes on..."Let me just remind you that all data obtained can be used in debt collection ..." (HUH? what is she talking about...) ..."And the foreclosure proceedings will continue..(WHAT? I'm not in foreclosure...not even close) I try to break in..."I'm not in Fore..." She continues on....obviously reading from a script and not caring about me or any other callers she'll talk to today....thank you for calling National **** ******* (name with held to protect the thinking challenged)..
A second call back gets a new young lady (after the automated attendant takes all my info for the 7 or 8th time that day...) and as I tell her my saga... at least she gets it...but she says my previously submitted data has been filed and yes, I will have to reapply' <sigh> ....Stay tuned....
Time for our monthly realty reality check ...
By The Numbers...
For June 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Naperville
Active Listings:980(as of 08/01/09)
Sold(07/01/09-07/31/09): 139
Months Supply(Act/Sold): 7.05 Months
High Sold Price: $1,375,000
Average Sale: $434,805
Average Market Time: 132
July 09 Top Subdivision (sales): Tall Grass(9), Asbury(9),
Aurora
Active Listings: 954 (as of 08/01/09)
Sold (07/01/09-07/31/09): 122
Months Supply(Act/Sold): 7.78 Months
High Sold Price: $527,000
Average Sale: $189.008
Average Market Time: 147
July 09 Top Subdivision (sales): Oakhurst(9), Stonebridge and others (3)
Plainfield
Active Listings: 759 (as of 08/01/09)
Sold (07/01/09-07/31/09): 96
Months Supply(Act/Sold): 7.9 Months
High Sold Price: $570,000
Average Sale: $234,080
Average Market Time: 161 Days
July 09 Top Subdivision (sales): Lakewood Falls (8), Carillon and Wesmere (5)
Oswego
Active Listings: 255 (as of 08/01/09)
Sold (07/01/09-07/31/09): 30
Months Supply(Act/Sold): 8.5 Months
High Sold Price: $395,,000
Average Sale: $243,200
Average Market Time: 220 Days
July 09 Top Subdivision (sales): Churchill Club (4)
I'm hanging in there...how about you? Talk to me....
-Dawg-
So as I last left you....
I was inquiring into the Making home affordable program.......just a small update this month. After waiting for over 60 days I decided a phone call was in order. It was not too long of a wait on hold before a tired sounding rep informed me that my application was received and that I would be hearing from them in the 'near future'. Shoot forward another two weeks and I received a phone call saying that updated commission checks were needed to verify income... (well....duh....it's only been 75 days since I inquired.....) So at this point I have updated the income verification and am awaiting the 'next step'.....More info as we move along....(Thank the Good Lord I'm not behind on the mortgage and am basically inquiring as a curious Realtor...but still...your hearts have to go out to those whom do need the help and need it now...)
That being said...It's time for ......
By The Numbers...
For June 2009 Single Family Detached Homes (Information courtesy of MLSNI)
Naperville
Active Listings:1004(as of 07/01/09)
Sold(06/01/09-0630/09): 138
Months Supply(Act/Sold): 7.28 Months
High Sold Price: $1,650,000
Average Sale: $439,058
Average Market Time: 182
June 09 Top Subdivision (sales): Tall Grass(9), Asbury(6), Brookdale(6)
Aurora
Active Listings: 954 (as of 7/01/09)
Sold (6/01/09-06/30/09): 117
Months Supply(Act/Sold): 8.15 Months
High Sold Price: $1,121,444
Average Sale: $208,778
Average Market Time: 156
June 09 Top Subdivision (sales): Oakhurst(9), Ginger Woods (4)
Plainfield
Active Listings: 783 (as of 7/01/09)
Sold (06/01/09-06/30/09): 110
Months Supply(Act/Sold): 7.12 Months
High Sold Price: $700,000
Average Sale: $259,616
Average Market Time: 161 Days
June 09 Top Subdivision (sales): Lakewood Falls (6), Shenandoah (6)
Oswego
Active Listings: 272 (as of 7/01/09)
Sold (6/01/09-06/30/09): 29
Months Supply(Act/Sold): 9.38 Months
High Sold Price: $407,900
Average Sale: $236,668
Average Market Time: 181 Days
June 09 Top Subdivision (sales): Arbor Gate (4), Several tied at (2)
As always, "The Dawg" luvs hearing from you so drop a line....How are things in your 'hood'?
-DAWG
"Your Professional Full Service Realtor®" Providing a superior level of informed, professional real estate services to buyers and sellers in the greater Naperville, Aurora, Plainfield and Oswego area
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