There is no doubt we are in a recession, jobs are being cut and homes are being lost. The housing sector has become the single biggest cause but according to Pat McCarthy, President of PAAR, “Peoria has been very very lucky” when it comes to the real estate market in this region. It seems Peoria is in a so called housing bubble with sale numbers down about 10% versus 27% statewide.

 Why is Peoria doing better?

1.   The Peoria Market is affordable with the average price of a home is $139,000

2.   Home Values are staying stable

3.   The business economy is stronger here than other areas

4.   Conservative lending practices

To watch complete interviews and read more please follow the link below:
The Heartland Partnership