The National Association of Realtor published its updated sales numbers last week and the results were great.  There was 4.3% increase in sales last month, and inventory is down to 2005 levels. With a 6 month backlog of inventory, the housing market seems well on its way to recovery.  The only bad news was that the large volume of foreclosures would still hold prices down.  Of course that is bad news for sellers, but still great news for buyers.   Locally we have seen activity pick up substantially over the last few months, with more and more requests to renovate or remodel newly-purchased homes.

Click here to read the whole article from the Chicago Southtown Star: Housing Market Looking Up