Naperville Real Estate

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Naperville offers much more than a place to live....also a place to grow. From parks to schools to activities and top rated libraries, Naperville can be anything you want it to be. Check out some of the articles and information about Naperville by Wikipedia, covering anything you need to know.

A recent article of interest by www.napervillesun.com regarding Naperville homebuyers....In order to jump-start the housing market, state Rep. Darlene Senger, R-Naperville, championed legislation to help first-time homebuyers by creating the Illinois Tax Credit Advantage Loan Program. The program will help first-time homebuyers who close on the purchase of their home before Dec. 1, 2009, to take advantage of the federal individual income tax credit of up to $8,000.

The TAX-CALP program will be administered through the Illinois Housing Development Authority, along with private-sector lenders, to provide bridge financing to first-time homebuyers. "Today's struggling economy has taken a significant toll on Illinois' housing market," Senger said in a press release. "New families are being forced to rent and banks are overly cautious of lending. This plan will help young families with the up front costs of a down payment."

The TAX-CALP loan could not exceed $4,800 or 6 percent of the purchase price of the home. This cap will prevent the borrower from using all of their tax credit money at closing. Additionally, the legislation allows the homeowner to pay the loan back before June 30, 2010, without accruing interest. If the loan is not repaid, it becomes a second mortgage set at a 15 year rate at one percentage rate higher than the first mortgage.

"Illinois would join 10 other states that have created similar tax credit programs to help families transition from renting to buying," Senger said. "Our poor housing market is also contributing to our record-high unemployment. This is just another step in revitalizing the economy, the housing market and people's lives."

Design psychology is a subject you know something about, even if this is the first time youre hearing about it.

When we were asked what design psychology is, our best sound bite comes from the world of real estate. When helping a buyer find a house, after going on The Journey of Many Houses, have you ever had the experience of walking through the door of the umpteenth house and being overwhelmed with the feeling: YES! This is the house! before youve even seen all the rooms?

Most people make the decision to buy a home having spent less than 20 minutes inside it.

But why? What makes a house just seem right to a client so quickly?

As psychologists, we want to know what gives someone the YES! feeling and as designers, we want to know how we can create it every time. For real estate practitioners, getting to Yes means making the perfect match between client and property.

Design psychology is the only approach to design and architecture that recognizes our responses to the physical world are essentially emotional in nature.

At ForrestPainter Design, we have adapted psychological interview and testing methods to let us understand our design clients emotional responses to the physical world. And then we use that wealth of information to design ideal spaces for them.

Over the next few months, REALTOR® Magazines Styled, Staged and Sold blog will have information from the fields of psychology, neurobiology, immunology, and design that can help your clients satisfy that deepest of desires: to live in a house that is truly a home.

TRY THIS TECHNIQUE

In order to get to YES!, you need to know more about your client than the number of bedrooms and bathrooms they want in a house. To know what their ideal home would look like, ask them!

We use a technique we call Castles in the Air.

Ask your clients what it means to them to feel at home, and then take 10 or 15

This article by RealtyTrac may be of interest to those of you keeping a close eye on Naperville IL homes for sale along with national trends of ups and downs. RealtyTrac offers great information by the way for these updates.

Long-Term Solution for Fannie and Freddie Dilemma It's been a rough year for Fannie Mae and Freddie Mac. Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency.

First, Fannie Mae and Freddie Mac are not just lumbering financial giants that can be easily replaced. They are the largest buyers of U.S. home mortgages. There is no competitor or group of competitors that can take over what they do in the short term, say a year or two, or maybe ever. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression.

Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac.

"I say that we can't let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let them go. Let them all go. NOTHING will be resolved until the things that ought to fail...fail! Propping-up this nonsense with money borrowed from China does nothing to fix the problem at hand. Housing prices must fall to get the national average from 200K down below from 70K to reset the housing market and get equities back in line with reality."

What is it that has so many people mad with Fann

Real estate in Naperville has been one of the best choices a family can make when relocating to Naperville for business or settling down to raise a family. Naperville has many choices of homes for sale that can appeal to young professionals as well as older retirees. Naperville is 28 miles west of downtown Chicago and is an easy commute by using the Metra train system. Naperville occupies a land area of 37.58 square miles with a population of 136,380. The city has grown by more than 35,000 residents in the past 10 years. Ranked as a top community in the United States to raise children, retire and start a home-based business, the city boasts nationally acclaimed schools, the best public library system in the country, an exceptionally low crime rate and a lower unemployment rate than the state's average. In 2005, the city was once again named as one of best places to live in the United States by Money Magazine. Naperville ranked third of 100 finalists and was the only Illinois town to make the 2005 "Best Places To Live" list.