By now you know we like to dine out frequently. We also are huge on patio dining. Time is quickly passing so we will not have this option available much longer. Before that happens you should know that there are several great restaurants with great patios – some even have outdoor heaters that can extend the season. Here in Naperville we have Jimmy’s Grill, Timpano’s, Quigley’s, Potter’s Place, Hugo’s Frog Bar, Catch 35, Zaidi’s, and both Francesca restaurants. I’m sure I overlooked a few, but you get the idea. If you enjoy patio dining, do it now while the weather is cooperating.
Now onto real estate. The question always comes up – “How is the Market?”. I have heard a lot of encouraging comments of late, but the fact remains there are still far too many properties either in foreclosure, near foreclosure, or the lender already has title to the property. The truth of the matter is that before the real estate market can rebound this inventory needs to be reduced. In Naperville there over 1,000 single family homes in this situation. We will call them “distressed properties”. Add to this figure the condos, townhouses, and duplexes – over 500- and you can see it affects all of us. In Aurora there over 1,600 single family homes and another 600+ condos, townhouses and duplexes. What that means to us is that for our homes to increase in value, this inventory needs to be depleted. We need more people to purchase these properties. There are incentives for the first time home buyer and investors have plenty of bargains to choose from. Hopefully we will see a new trend in the market very soon. Until then we just have to ride out the present conditions. If you have any thoughts on this, please let me know. You can reach me via email at skip@juckins.com or visit my website – www.Riverwalk-Realty.com .
I’ll leave you with this quote - “Success is not a secret — it never has been. There are only a
few really good ideas, and not one of them is a secret.”
— Larry Winget
‘Til next time………..
