There could be a light in the tunnel

We all can use good news about real estate market. We got some today. Against most expectations - new home sales rose 3.3% in April. Over half million new homes were sold, which is still near the 17-year low but could be a beginning of the upward trend in the real estate market - a good forecast for next year. The median price of a new home sold in April was $246,100, up 1.5% from $242,500 a year earlier, according to the key government report on the battered housing market. Stay tuned for more good news. You may also visit my Chicago Suburbs Homes Sales website for home sales information from northwest suburbs of Chicago.