Economic Recovery could be Quicker than past Recessions according to the experts.
Citing growth in both consumer and business spending, economists Justin Weidner and John C. Williams said recovery “is likely to be faster than from the two previous recessions” in a report released Monday.
The Palatine Real Estate Market continues to Rebound with more sales, some higher prices and shorter marketing times in general. The market still resembles a Beauty Contest, however, with the sharpest homes setting the High mark for quick sales and high prices. There are still many “used-up” homes that need so much updating and reparing that the buyers are taking a pass. Short Sales and Foreclosures are creating an appraisal situation that is hard to counteract in some neighborhoods. Palatine real estate sales should continue to gather momentum in the coming months.