real estate

The amount of properties sold in Illinois dropped sharply in November, having a smaller sized decline inside the bigger area, in line with information released recently. Regional and national analysts say increasing rates of interest and consumers' cloudy outlook concerning the future in the U.S. economy are contributing towards the housing market's slowdown. Within the city, 1,793 houses sold in November, down 9 % in the similar time a year ago, in line with information released now by statewide market group Illinois Rockford Realtors. It was a sharper drop than the nationwide decline. In November, nationwide sales have been down 7 %, the National Association of Realtors reported this morning. For the city of Rockford it was the second-steepest month-to-month year-over-year drop of 2018 so far. September sales within the city have been down 15 % in the similar period in 2017. Year-to-date, city property sales are down 5 % in the first 11 months of 2017. ...

The modifications in customer buying behavior continue to make upheaval inside the enterprise real estate retail inRockford IL . As particular types of space grow to be much less worthwhile or obsolete, the arrangements that landlords and tenants make has had to adapt. I not too long ago sat down with 4 partners from a law firm with one of the largest retail real estate practices within the United States, and asked them what they’re seeing inside the market right now. All of the partners I spoke have decades of experience in retail real estate deals all over the U.S. They report an increase in mixed-use projects. That’s where a large property is used for different purposes that are integrated in one parcel of land. An increasing number of existing retail-only developments are being converted to include offices and residences (both private homes and apartments). New development projects are much less about retail-only and more about retail as a part of a live-work-play neighborhood...