Morning Minute: Open house traffic sending upbeat signals for summer market

Lake Forest REALTORS® are seeing increased traffic to open houses from both REALTORS® checking out prospective properties for their buyers to consumers attending public open houses, the LakeForester reports.

“This is a good sign,” said 45-year real estate veteran Eleanor Dowling of Koenig & Strey in Lake Forest. “I see a refreshing attitude change in people. They want to buy houses, they want to get their lives back on track. It’s getting back to the good old days.”

In other news:

Home sales heat up in Bloomington-Normal. Home sales for the area jumped 12 percent from April to May, according to the Bloomington-Normal Association of REALTORS® (BNAR), WJBC radio reports.

“To me, (the numbers) are awesome,” BNAR President Steve Rader said. “We’ve been showing the last six months an uptick every month and this month was no exception, so good news!”

Eminent domain as a tool to fight foreclosure? That’s a proposal being pushed by a West Coast mortgage firm. The idea is for states hit hard by foreclosure use eminent domain to condemn underwater mortgages and keep people in their homes. Read more at MSNBC.com.

Vacant properties in Lombard get second life as public garden plots. (Daily Herald)

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