In the interest of “Progress”, The Village of Palatine is making improvements to a short leg of Palatine Road. The Railroad crossing is being improved (but we will still have to wait for trains), there will be more turn lanes, (but we will have to wait for a break in the traffic from 2 oncoming lanes now), and just West of Bothwell Street, the 2 westbound lanes will funnel into 1 lane. Ugh!
According to ALTA, the allowance of Wall Street Home Resale Fees would force homeowners to pay a large fee to sell their homes and also add a complicated legal roadblock to the home sale process. As a result, this controversial financial scheme is facing opposition across the country, ALTA said.
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 Northwest Suburban Real Estate Market continues to Rebound with [...]
We now expect the economy to grow by about 3.5% this year, a rate
that’s still well below the typical post recession surge of 6.5% or so.
But it’s a solid, sustainable pace. And it’s a lot better than
last year’s 2.4% decline in GDP.
Consumers and businesses are buying again. A close look at the good
news of a 3.2% pace of economic growth in the first quarter reveals
the really good news: Final sales to domestic purchasers — which
don’t include inventory buildups or trade — rose at a 2.2% annualized
pace. That’s the second best showing in three years and up from the
1.4% rate in the fourth quarter of 2009, when GDP overall was growing
by 5.6%. It signals a genuine pickup in U.S. consumers’ interest and
ability to buy and indicates that businesses are no longer simply
restocking bare shelves, but investing in new equipment and moving
product out the door.
Total consumer spending, which accounts for more than two-thirds of
GDP, increased 3.6% in the first quarter, more than double the 1.6%
gain posted in the previous quarter. In 2009, household purchases
dropped 0.6%, the biggest decline since 1974.
A modestly improved housing market also will be a plus this year.
Although residential construction won’t take more than baby steps
until 2011, the sector won’t subtract from GDP this year the way it
did from 2006 to mid-2009. But spending on commercial construction
such as office buildings and shopping centers will remain a drag on
growth through this year.
Image via Wikipedia Lost Military History of our Area Barrington, Palatine, Hoffman Estates, Arlington Heights, Deer Park, Vernon Hills, Schaumburg, Libertyville, Addison It is the first Tuesday of the month at 10:00 a.m. and you hear the Tornado Sirens sounding. But these sirens were not created for weather warnings. In the 1950’s and 1960’s the warning sirens [...]
Real Estate Sales Improve in Palatine, Il
Image via Wikipedia Schaumburg Real Estate Sales Statistics February 2010 Condo and Townhome Sales February sales were up 58.7% from February 2009 and 12.5% improved over January sales. There were 27 condo sales posted in Schaumburg in the month of February. YTD sales are running 88.9% ahead of the same period in 2009. The Median [...]